XPLR Infrastructure, LP (NYSE:XIFR) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• XPLR Infrastructure, LP (NYSE:XIFR) has received an average recommendation of "Hold" from analysts, with two sell ratings, nine hold ratings, and two buy ratings given by the thirteen brokerages covering the stock.
• The stock's average one-year price objective among analysts is $16.93, with varying target prices from different research firms affecting its rating.
• XPLR Infrastructure reported strong earnings with an EPS of $0.84 for the last quarter, significantly exceeding the consensus estimate, although quarterly revenue was down 5.0% year-over-year.

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

Several research firms recently commented on XIFR. Jefferies Financial Group increased their target price 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. Mizuho reduced their target price on shares of XPLR Infrastructure from $15.00 to $12.00 and set a "neutral" rating on the stock in a report on Monday, May 12th. Barclays increased their target price 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 lowered shares of XPLR Infrastructure from a "hold" rating to a "sell" rating in a report on Saturday, August 16th.

XPLR Infrastructure Price Performance

XIFR stock opened at $10.25 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.72 and a current ratio of 0.77. XPLR Infrastructure has a 52 week low of $7.53 and a 52 week high of $28.25. The firm's fifty day moving average is $9.18 and its 200 day moving average is $8.95. The firm has a market cap of $963.19 million, a P/E ratio of -5.96 and a beta of 0.86.

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

Institutional Investors Weigh In On XPLR Infrastructure

A number of large investors have recently added to or reduced their stakes in XIFR. Nomura Holdings Inc. bought a new stake in XPLR Infrastructure in the 2nd quarter worth $46,948,000. Apollo Management Holdings L.P. bought a new stake in XPLR Infrastructure in the 2nd quarter worth $40,853,000. MUFG Securities EMEA plc bought a new stake in XPLR Infrastructure in the 2nd quarter worth $16,400,000. Ardsley Advisory Partners LP bought a new stake in XPLR Infrastructure in the 2nd quarter worth $5,986,000. Finally, Qube Research & Technologies Ltd bought a new stake in XPLR Infrastructure in the 2nd quarter worth $4,220,000. Institutional investors own 66.01% of the company's stock.

About XPLR Infrastructure

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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