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

Shares of XPLR Infrastructure, LP (NYSE:XIFR - Get Free Report) have received a consensus rating of "Hold" from the sixteen brokerages that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $17.64.

A number of research analysts have issued reports on XIFR shares. Barclays upped their price target on shares of XPLR Infrastructure from $6.00 to $9.00 and gave the company an "underweight" rating in a research note on Monday, May 12th. Mizuho cut their price objective on shares of XPLR Infrastructure from $15.00 to $12.00 and set a "neutral" rating on the stock in a research note on Monday, May 12th.

XPLR Infrastructure Stock Down 0.6%

Shares of XIFR traded down $0.05 during mid-day trading on Thursday, hitting $8.79. The company's stock had a trading volume of 732,118 shares, compared to its average volume of 2,408,643. The company's 50-day moving average is $8.73 and its 200-day moving average is $11.53. XPLR Infrastructure has a 52-week low of $7.53 and a 52-week high of $29.03. The firm has a market capitalization of $826.27 million, a price-to-earnings ratio of -87.90 and a beta of 0.94. The company has a current ratio of 2.02, a quick ratio of 1.78 and a debt-to-equity ratio of 0.37.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) last announced its quarterly 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 positive return on equity of 1.34% and a negative net margin of 0.73%. The company's quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.75 earnings per share. On average, equities research analysts forecast that XPLR Infrastructure will post 2.33 EPS for the current fiscal year.

Institutional Trading of XPLR Infrastructure

A number of hedge funds have recently added to or reduced their stakes in the company. Avion Wealth lifted its holdings in XPLR Infrastructure by 610.2% during the fourth quarter. Avion Wealth now owns 2,642 shares of the solar energy provider's stock valued at $47,000 after purchasing an additional 2,270 shares in the last quarter. Truist Financial Corp lifted its holdings in XPLR Infrastructure by 10.1% during the fourth quarter. Truist Financial Corp now owns 11,434 shares of the solar energy provider's stock valued at $204,000 after purchasing an additional 1,049 shares in the last quarter. Good Life Advisors LLC purchased a new position in XPLR Infrastructure during the fourth quarter valued at $218,000. Concurrent Investment Advisors LLC lifted its holdings in XPLR Infrastructure by 18.8% during the fourth quarter. Concurrent Investment Advisors LLC now owns 21,410 shares of the solar energy provider's stock valued at $381,000 after purchasing an additional 3,387 shares in the last quarter. Finally, Entropy Technologies LP lifted its stake in shares of XPLR Infrastructure by 29.2% in the fourth quarter. Entropy Technologies LP now owns 28,675 shares of the solar energy provider's stock worth $510,000 after buying an additional 6,488 shares in the last quarter. 66.01% of the stock is owned by hedge funds and other institutional investors.

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.