Brokerages Set XPLR Infrastructure, LP (NYSE:XIFR) Price Target at $17.64

XPLR Infrastructure, LP (NYSE:XIFR - Get Free Report) has earned a consensus recommendation of "Hold" from the sixteen analysts that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $17.64.

Several equities analysts recently weighed in on XIFR shares. Wells Fargo & Company lowered their target price on XPLR Infrastructure from $33.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 29th. Jefferies Financial Group lowered their target price on XPLR Infrastructure from $25.00 to $15.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. BNP Paribas upgraded XPLR Infrastructure from an "underperform" rating to a "neutral" rating in a research report on Monday, February 3rd. Morgan Stanley restated an "underweight" rating and issued a $13.00 price objective (down from $22.00) on shares of XPLR Infrastructure in a research report on Monday, February 3rd. Finally, Barclays boosted their price objective on XPLR Infrastructure from $6.00 to $9.00 and gave the company an "underweight" rating in a research report on Monday, May 12th.

Institutional Investors Weigh In On XPLR Infrastructure

A number of hedge funds have recently made changes to their positions in the company. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new stake in shares of XPLR Infrastructure in the fourth quarter worth about $21,449,000. abrdn plc increased its stake in XPLR Infrastructure by 15.3% during the fourth quarter. abrdn plc now owns 980,200 shares of the solar energy provider's stock worth $17,242,000 after acquiring an additional 130,000 shares during the last quarter. Swedbank AB increased its stake in XPLR Infrastructure by 14.5% during the fourth quarter. Swedbank AB now owns 278,689 shares of the solar energy provider's stock worth $4,961,000 after acquiring an additional 35,307 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in XPLR Infrastructure by 59.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 173,251 shares of the solar energy provider's stock worth $3,084,000 after acquiring an additional 64,673 shares during the last quarter. Finally, Graham Capital Wealth Management LLC bought a new stake in XPLR Infrastructure during the fourth quarter worth approximately $3,003,000. 66.01% of the stock is currently owned by hedge funds and other institutional investors.

XPLR Infrastructure Stock Performance

NYSE XIFR traded up $0.15 on Friday, hitting $8.68. 1,273,248 shares of the company traded hands, compared to its average volume of 2,618,562. The company has a market capitalization of $815.93 million, a price-to-earnings ratio of -86.80 and a beta of 0.93. The company has a current ratio of 2.02, a quick ratio of 1.78 and a debt-to-equity ratio of 0.37. The business's 50 day moving average price is $8.88 and its 200-day moving average price is $12.41. XPLR Infrastructure has a 52-week low of $7.53 and a 52-week high of $34.46.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) last released its earnings results on Thursday, May 8th. The solar energy provider reported ($1.05) earnings per share for the quarter, missing the consensus estimate of $0.25 by ($1.30). XPLR Infrastructure had a negative net margin of 0.73% and a positive return on equity of 1.34%. XPLR Infrastructure's revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.75 EPS. Equities analysts expect that XPLR Infrastructure will post 2.33 earnings per share for the current year.

XPLR Infrastructure Company Profile

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.