XPLR Infrastructure, LP (NYSE:XIFR) Given Consensus Rating of "Reduce" by Brokerages

Key Points

• XPLR Infrastructure, LP (NYSE:XIFR) has been assigned a consensus rating of "Reduce" by thirteen brokerages, with three analysts issuing sell ratings and eight giving hold ratings.
• The company's stock price target among analysts ranges from a low of $9.00 to a high of $16.00, reflecting varying levels of confidence in its performance.
• XPLR Infrastructure reported $0.84 EPS for its last quarter, surpassing estimates, but experienced a 5% decline in revenue year-over-year.

Shares of XPLR Infrastructure, LP (NYSE:XIFR - Get Free Report) have been assigned an average rating of "Reduce" from the thirteen research firms that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $16.1818.

A number of brokerages have recently issued reports on XIFR. Wall Street Zen cut XPLR Infrastructure from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. Barclays boosted their price target on XPLR Infrastructure from $9.00 to $11.00 and gave the company an "underweight" rating in a research note on Tuesday, August 12th. Weiss Ratings restated a "sell (d)" rating on shares of XPLR Infrastructure in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group boosted their target price on shares of XPLR Infrastructure from $13.00 to $16.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th.

XPLR Infrastructure Trading Down 0.1%

XIFR stock opened at $10.33 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.77 and a quick ratio of 0.72. The company has a fifty day moving average price of $10.13 and a two-hundred day moving average price of $9.28. XPLR Infrastructure has a one year low of $7.53 and a one year high of $26.47. The stock has a market cap of $970.62 million, a price-to-earnings ratio of -6.01 and a beta of 0.91.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) last announced its earnings results on Thursday, August 7th. The solar energy provider reported $0.84 EPS for the quarter, topping the consensus estimate of $0.20 by $0.64. XPLR Infrastructure had a negative net margin of 12.94% and a positive return on equity of 1.86%. The business had revenue of $342.00 million during the quarter, compared to the consensus estimate of $359.64 million. The business's revenue was down 5.0% compared to the same quarter last year. Equities analysts anticipate that XPLR Infrastructure will post 2.33 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC acquired a new stake in XPLR Infrastructure during the second quarter worth approximately $25,000. JPMorgan Chase & Co. acquired a new stake in XPLR Infrastructure during the second quarter worth approximately $55,000. CANADA LIFE ASSURANCE Co acquired a new stake in XPLR Infrastructure during the second quarter worth approximately $77,000. MAI Capital Management acquired a new stake in shares of XPLR Infrastructure during the 2nd quarter worth $94,000. Finally, Headlands Technologies LLC acquired a new stake in shares of XPLR Infrastructure during the 2nd quarter worth $111,000. Institutional investors and hedge funds own 66.01% of the company's stock.

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.

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