XPLR Infrastructure, LP (NYSE:XIFR) Given Average Rating of "Hold" by Analysts

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

A number of equities analysts have recently weighed in on the company. Barclays boosted their target price on XPLR Infrastructure from $6.00 to $9.00 and gave the stock an "underweight" rating in a research note on Monday, May 12th. Mizuho decreased their target price on XPLR Infrastructure from $15.00 to $12.00 and set a "neutral" rating for the company in a research report on Monday, May 12th.

Hedge Funds Weigh In On XPLR Infrastructure

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Entropy Technologies LP boosted its position in shares of XPLR Infrastructure by 29.2% during the 4th quarter. Entropy Technologies LP now owns 28,675 shares of the solar energy provider's stock valued at $510,000 after acquiring an additional 6,488 shares during the last quarter. Avion Wealth grew its stake in XPLR Infrastructure by 610.2% in the 4th quarter. Avion Wealth now owns 2,642 shares of the solar energy provider's stock worth $47,000 after buying an additional 2,270 shares in the last quarter. Castellan Group increased its holdings in shares of XPLR Infrastructure by 4.6% in the 4th quarter. Castellan Group now owns 131,599 shares of the solar energy provider's stock worth $2,342,000 after buying an additional 5,772 shares during the last quarter. Truist Financial Corp increased its holdings in shares of XPLR Infrastructure by 10.1% in the 4th quarter. Truist Financial Corp now owns 11,434 shares of the solar energy provider's stock worth $204,000 after buying an additional 1,049 shares during the last quarter. Finally, Alberta Investment Management Corp bought a new stake in shares of XPLR Infrastructure during the 4th quarter worth $1,737,000. 66.01% of the stock is currently owned by hedge funds and other institutional investors.

XPLR Infrastructure Stock Down 0.2%

Shares of NYSE XIFR traded down $0.02 during trading on Thursday, hitting $8.83. 727,886 shares of the company traded hands, compared to its average volume of 2,423,746. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.78 and a current ratio of 2.02. XPLR Infrastructure has a fifty-two week low of $7.53 and a fifty-two week high of $30.10. The business's fifty day moving average is $8.71 and its 200 day moving average is $11.69. The firm has a market capitalization of $830.03 million, a price-to-earnings ratio of -88.30 and a beta of 0.94.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) last issued its quarterly earnings data 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%. During the same period in the prior year, the firm earned $0.75 EPS. The business's revenue for the quarter was up 9.7% on a year-over-year basis. Equities research analysts predict that XPLR Infrastructure will post 2.33 earnings per share for the current fiscal 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.