XPLR Infrastructure, LP (NYSE:XIFR) Receives Consensus Rating of "Hold" 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.

XPLR Infrastructure, LP (NYSE:XIFR - Get Free Report) has received a consensus recommendation of "Hold" from the thirteen brokerages that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $16.9231.

XIFR has been the subject of a number of recent analyst reports. Wall Street Zen downgraded XPLR Infrastructure from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. Jefferies Financial Group lifted their target price on XPLR Infrastructure from $13.00 to $16.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Finally, Barclays lifted their target price on XPLR Infrastructure from $9.00 to $11.00 and gave the company an "underweight" rating in a research report on Tuesday, August 12th.

XPLR Infrastructure Trading Up 1.0%

Shares of NYSE:XIFR traded up $0.10 during midday trading on Friday, reaching $9.87. 108,477 shares of the company's stock were exchanged, compared to its average volume of 1,921,062. The firm's 50 day simple moving average is $9.77 and its two-hundred day simple moving average is $9.14. 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 stock has a market cap of $927.48 million, a price-to-earnings ratio of -5.74 and a beta of 0.89. XPLR Infrastructure has a fifty-two week low of $7.53 and a fifty-two week high of $28.25.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The solar energy provider reported $0.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.64. The firm had revenue of $342.00 million during the quarter, compared to the consensus estimate of $359.64 million. XPLR Infrastructure had a positive return on equity of 1.86% and a negative net margin of 12.94%.The firm's revenue was down 5.0% compared to the same quarter last year. As a group, sell-side analysts forecast that XPLR Infrastructure will post 2.33 EPS for the current fiscal year.

Hedge Funds Weigh In On XPLR Infrastructure

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Nomura Holdings Inc. acquired a new position in shares of XPLR Infrastructure during the second quarter worth about $46,948,000. Apollo Management Holdings L.P. acquired a new position in shares of XPLR Infrastructure during the second quarter worth about $40,853,000. MUFG Securities EMEA plc acquired a new position in shares of XPLR Infrastructure during the second quarter worth about $16,400,000. Ardsley Advisory Partners LP acquired a new position in shares of XPLR Infrastructure during the second quarter worth about $5,986,000. Finally, Qube Research & Technologies Ltd purchased a new stake in XPLR Infrastructure during the second quarter worth approximately $4,220,000. 66.01% of the stock is owned by institutional investors and hedge funds.

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.