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

Key Points

• Broker sentiment is bearish: Seven analysts give XPLR Infrastructure an average “Reduce” rating, with two sells, four holds and one buy. The average 12-month price target is $12.33, compared with the stock’s opening price of $11.35.
• Quarterly earnings exceeded expectations: XPLR reported $0.40 in EPS, beating the consensus estimate of a $0.50 loss, while revenue totaled $363 million. Analysts nevertheless expect a full-year loss of $1.41 per share.
• Institutional ownership remains substantial: Hedge funds and other institutional investors own about 66.01% of the company, despite several firms recently initiating or increasing positions.

XPLR Infrastructure, LP (NYSE:XIFR - Get Free Report) has been assigned an average recommendation of "Reduce" from the seven brokerages that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $12.3333.

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A number of analysts recently weighed in on the stock. Weiss Ratings upgraded shares of XPLR Infrastructure from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, July 1st. Mizuho upped their price target on XPLR Infrastructure from $12.00 to $13.00 and gave the company a "neutral" rating in a report on Wednesday, July 29th. Evercore set a $11.00 price objective on XPLR Infrastructure in a research report on Monday, May 11th. Wall Street Zen raised XPLR Infrastructure from a "sell" rating to a "hold" rating in a research note on Sunday, July 26th. Finally, Morgan Stanley lifted their target price on XPLR Infrastructure from $11.00 to $12.00 and gave the stock an "underweight" rating in a report on Wednesday, May 20th.

XPLR Infrastructure Price Performance

Shares of XPLR Infrastructure stock opened at $11.35 on Tuesday. XPLR Infrastructure has a 52 week low of $8.68 and a 52 week high of $13.25. The company has a current ratio of 1.27, a quick ratio of 1.14 and a debt-to-equity ratio of 0.56. The company's 50-day moving average price is $11.98 and its two-hundred day moving average price is $11.07. The stock has a market cap of $1.07 billion, a PE ratio of 17.46 and a beta of 0.94.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The solar energy provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.50) by $0.90. XPLR Infrastructure had a net margin of 5.24% and a return on equity of 0.61%. The company had revenue of $363.00 million for the quarter. During the same period in the prior year, the firm earned $0.84 EPS. As a group, sell-side analysts anticipate that XPLR Infrastructure will post -1.41 EPS for the current fiscal year.

Hedge Funds Weigh In On XPLR Infrastructure

Hedge funds and other institutional investors have recently modified their holdings of the stock. US Bancorp DE acquired a new stake in XPLR Infrastructure during the 3rd quarter worth about $28,000. Huntington National Bank boosted its holdings in shares of XPLR Infrastructure by 715.6% in the fourth quarter. Huntington National Bank now owns 3,075 shares of the solar energy provider's stock worth $31,000 after buying an additional 2,698 shares during the period. JPMorgan Chase & Co. purchased a new position in shares of XPLR Infrastructure in the second quarter worth approximately $55,000. CANADA LIFE ASSURANCE Co purchased a new position in shares of XPLR Infrastructure in the second quarter worth approximately $77,000. Finally, SG Americas Securities LLC acquired a new stake in shares of XPLR Infrastructure during the fourth quarter valued at approximately $106,000. 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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