XPLR Infrastructure, LP (NYSE:XIFR) Receives Average Rating of "Hold" from Analysts

Key Points

• Analysts have a consensus “Hold” rating on XPLR Infrastructure, with two sells, three holds, two buys and one strong buy. The average 12-month price target is $12.50.
• XPLR Infrastructure reported quarterly EPS of $0.40, exceeding the consensus estimate of a $0.50 loss, on revenue of $363 million.
• Institutional investors own 66.01% of the company, with several major funds recently increasing their positions or initiating new stakes.

Shares of XPLR Infrastructure, LP (NYSE:XIFR - Get Free Report) have been given an average recommendation of "Hold" by the eight research firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $12.50.

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XIFR has been the topic of a number of recent analyst reports. Canadian Imperial Bank of Commerce reiterated a "neutral" rating and issued a $12.00 price objective on shares of XPLR Infrastructure in a report on Friday, July 17th. Zacks Research raised XPLR Infrastructure from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 19th. Weiss Ratings raised XPLR Infrastructure from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, July 1st. Wall Street Zen raised shares of XPLR Infrastructure from a "sell" rating to a "hold" rating in a research report on Sunday, July 26th. Finally, Morgan Stanley lifted their price objective on shares of XPLR Infrastructure from $11.00 to $12.00 and gave the stock an "underweight" rating in a report on Wednesday, May 20th.

XPLR Infrastructure Trading Up 0.9%

Shares of XIFR stock opened at $12.12 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.27 and a debt-to-equity ratio of 0.56. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 18.65 and a beta of 0.93. The firm's 50 day moving average price is $11.93 and its two-hundred day moving average price is $11.27. XPLR Infrastructure has a fifty-two week low of $8.68 and a fifty-two week high of $13.25.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The solar energy provider reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.50) by $0.90. XPLR Infrastructure had a return on equity of 0.61% and a net margin of 5.24%.The firm had revenue of $363.00 million during the quarter. During the same quarter in the prior year, the company posted $0.84 earnings per share. On average, analysts anticipate that XPLR Infrastructure will post 0.11 EPS for the current year.

Institutional Trading of XPLR Infrastructure

Large investors have recently modified their holdings of the company. Adage Capital Partners GP L.L.C. raised its stake in XPLR Infrastructure by 557.1% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 4,600,000 shares of the solar energy provider's stock valued at $46,000,000 after acquiring an additional 3,900,000 shares in the last quarter. Anchorage Capital Advisors L.P. boosted its position in shares of XPLR Infrastructure by 109.8% during the 4th quarter. Anchorage Capital Advisors L.P. now owns 6,899,310 shares of the solar energy provider's stock valued at $68,993,000 after purchasing an additional 3,610,961 shares in the last quarter. MUFG Securities EMEA plc bought a new stake in XPLR Infrastructure during the second quarter worth approximately $16,400,000. California State Teachers Retirement System boosted its stake in shares of XPLR Infrastructure by 1,081.0% during the 2nd quarter. California State Teachers Retirement System now owns 1,508,350 shares of the solar energy provider's stock worth $17,814,000 after acquiring an additional 1,380,632 shares in the last quarter. Finally, Endure Capital Management LLC purchased a new position in XPLR Infrastructure in the 1st quarter worth about $12,054,000. Institutional investors and hedge funds own 66.01% of the company's stock.

About XPLR Infrastructure

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.

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