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

Shares of XPLR Infrastructure, LP (NYSE:XIFR - Get Free Report) have earned a consensus recommendation of "Hold" from the sixteen analysts that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $18.43.

Several research firms have weighed in on XIFR. Morgan Stanley reissued an "underweight" rating and set a $13.00 target price (down previously from $22.00) on shares of XPLR Infrastructure in a research report on Monday, February 3rd. JPMorgan Chase & Co. dropped their target price on shares of XPLR Infrastructure from $22.00 to $20.00 and set a "neutral" rating on the stock in a research report on Thursday, January 23rd. BMO Capital Markets reissued a "market perform" rating and set a $18.00 target price (down previously from $26.00) on shares of XPLR Infrastructure in a research report on Monday, January 13th. CIBC dropped their target price on shares of XPLR Infrastructure from $26.00 to $21.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 8th. Finally, BNP Paribas raised shares of XPLR Infrastructure from an "underperform" rating to a "neutral" rating in a research report on Monday, February 3rd.

XPLR Infrastructure Price Performance

Shares of XPLR Infrastructure stock remained flat at $8.46 on Wednesday. 1,227,152 shares of the stock were exchanged, compared to its average volume of 2,956,397. The firm's 50-day moving average price is $8.88 and its 200 day moving average price is $14.08. The company has a quick ratio of 1.78, a current ratio of 2.02 and a debt-to-equity ratio of 0.37. XPLR Infrastructure has a 52-week low of $7.53 and a 52-week high of $35.15. The stock has a market cap of $794.92 million, a PE ratio of -84.60 and a beta of 0.97.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The solar energy provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.20. XPLR Infrastructure had a negative net margin of 0.73% and a positive return on equity of 1.34%. On average, analysts forecast that XPLR Infrastructure will post 2.33 earnings per share for the current fiscal year.

Institutional Trading of XPLR Infrastructure

A number of hedge funds and other institutional investors have recently made changes to their positions in XIFR. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new stake in shares of XPLR Infrastructure during the 4th quarter valued at approximately $21,449,000. abrdn plc raised its position in shares of XPLR Infrastructure by 15.3% during the 4th quarter. abrdn plc now owns 980,200 shares of the solar energy provider's stock valued at $17,242,000 after buying an additional 130,000 shares during the period. Swedbank AB raised its position in shares of XPLR Infrastructure by 14.5% during the 4th quarter. Swedbank AB now owns 278,689 shares of the solar energy provider's stock valued at $4,961,000 after buying an additional 35,307 shares during the period. Assenagon Asset Management S.A. raised its position in shares of XPLR Infrastructure by 59.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 173,251 shares of the solar energy provider's stock valued at $3,084,000 after buying an additional 64,673 shares during the period. Finally, Graham Capital Wealth Management LLC purchased a new stake in shares of XPLR Infrastructure during the 4th quarter valued at approximately $3,003,000. 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.