XPLR Infrastructure, LP (NYSE:XIFR) Receives $12.50 Consensus Target Price from Analysts

XPLR Infrastructure, LP (NYSE:XIFRGet Free Report) has received a consensus rating of “Hold” from the eight brokerages that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $12.50.

Several research firms have recently weighed in on XIFR. Evercore reaffirmed a “positive” rating and set a $12.00 price objective on shares of XPLR Infrastructure in a research report on Monday, August 17th. Morgan Stanley boosted their target price on XPLR Infrastructure from $11.00 to $12.00 and gave the company an “underweight” rating in a research note on Wednesday, May 20th. Wall Street Zen raised XPLR Infrastructure from a “sell” rating to a “hold” rating in a research report on Sunday, July 26th. Mizuho raised their price target on shares of XPLR Infrastructure from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Finally, Zacks Research raised shares of XPLR Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 19th.

Get Our Latest Analysis on XPLR Infrastructure

Hedge Funds Weigh In On XPLR Infrastructure

A number of large investors have recently modified their holdings of XIFR. US Bancorp DE bought a new stake in XPLR Infrastructure during the third quarter worth about $28,000. Huntington National Bank grew its stake in XPLR Infrastructure by 715.6% in the fourth quarter. Huntington National Bank now owns 3,075 shares of the solar energy provider’s stock valued at $31,000 after purchasing an additional 2,698 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in shares of XPLR Infrastructure during the 2nd quarter worth approximately $55,000. CANADA LIFE ASSURANCE Co acquired a new position in shares of XPLR Infrastructure during the 2nd quarter worth approximately $77,000. Finally, Headlands Technologies LLC bought a new stake in shares of XPLR Infrastructure during the 2nd quarter worth approximately $111,000. 66.01% of the stock is currently owned by institutional investors and hedge funds.

XPLR Infrastructure Stock Performance

Shares of XIFR opened at $11.72 on Friday. The firm has a market cap of $1.11 billion, a P/E ratio of 18.04 and a beta of 0.93. XPLR Infrastructure has a twelve month low of $8.68 and a twelve month high of $13.25. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.14 and a current ratio of 1.27. The firm’s 50 day moving average price is $11.93 and its two-hundred day moving average price is $11.30.

XPLR Infrastructure (NYSE:XIFRGet Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The solar energy provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of ($0.50) by $0.90. XPLR Infrastructure had a net margin of 5.24% and a return on equity of 0.61%. The business had revenue of $363.00 million for the quarter. During the same quarter in the previous year, the business earned $0.84 earnings per share. On average, analysts forecast that XPLR Infrastructure will post 0.11 EPS for the current fiscal year.

About XPLR Infrastructure

(Get Free Report)

XPLR Infrastructure LP engages in the acquisition, management, and ownership of contracted clean energy projects with long-term cash flows. It owns interests in wind and solar projects in North America and natural gas infrastructure assets in Texas. The company was founded on March 6, 2014 and is headquartered in Juno Beach, FL.

Featured Stories

Analyst Recommendations for XPLR Infrastructure (NYSE:XIFR)

Receive News & Ratings for XPLR Infrastructure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XPLR Infrastructure and related companies with MarketBeat.com's FREE daily email newsletter.