XPLR Infrastructure, LP (NYSE:XIFR) Receives $16.92 Consensus PT from Analysts

Key Points

• XPLR Infrastructure, LP (NYSE:XIFR) has received a consensus recommendation of "Hold" from thirteen analysts, with two recommending sell, nine recommending hold, and two issuing a buy recommendation.
• The company reported earnings of $0.84 per share for the last quarter, significantly exceeding the consensus estimate of $0.20, although its revenue of $342 million fell short of expectations.
• Recent institutional investments include large stakes from Nomura Holdings and Apollo Management, with hedge funds and institutional investors collectively owning 66.01% of XIFR's stock.

Shares of XPLR Infrastructure, LP (NYSE:XIFR - Get Free Report) have been given a consensus recommendation of "Hold" by the thirteen ratings firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $16.9231.

A number of analysts have recently issued reports on the stock. Jefferies Financial Group lifted their price objective on shares of XPLR Infrastructure from $13.00 to $16.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Barclays lifted their price objective on shares of XPLR Infrastructure from $9.00 to $11.00 and gave the company an "underweight" rating in a report on Tuesday, August 12th. Finally, Wall Street Zen downgraded shares of XPLR Infrastructure from a "hold" rating to a "sell" rating in a report on Saturday, August 16th.

Hedge Funds Weigh In On XPLR Infrastructure

Institutional investors have recently added to or reduced their stakes in the company. Osaic Holdings Inc. bought a new position in XPLR Infrastructure during the second quarter worth $354,000. Lavaca Capital LLC bought a new position in XPLR Infrastructure during the second quarter worth $180,000. State of Wyoming bought a new position in XPLR Infrastructure during the second quarter worth $314,000. Nomura Holdings Inc. bought a new position in XPLR Infrastructure during the second quarter worth $46,948,000. Finally, Apollo Management Holdings L.P. bought a new position in XPLR Infrastructure during the second quarter worth $40,853,000. 66.01% of the stock is currently owned by institutional investors and hedge funds.

XPLR Infrastructure Stock Down 2.0%

XIFR traded down $0.20 during trading on Friday, reaching $9.88. The company had a trading volume of 959,256 shares, compared to its average volume of 1,202,649. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.77 and a quick ratio of 0.72. XPLR Infrastructure has a 12 month low of $7.53 and a 12 month high of $28.25. The business's fifty day moving average price is $9.75 and its 200 day moving average price is $9.12. The company has a market cap of $928.42 million, a P/E ratio of -5.74 and a beta of 0.89.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The solar energy provider reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $342.00 million for the quarter, compared to analyst estimates of $359.64 million. The company's revenue was down 5.0% on a year-over-year basis. Equities analysts anticipate that XPLR Infrastructure will post 2.33 EPS 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.