XPLR Infrastructure, LP (NYSE:XIFR) Receives Consensus Recommendation of "Hold" from Analysts

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.

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

Several research firms have recently issued reports on XIFR. Barclays upped their price target on XPLR Infrastructure from $9.00 to $11.00 and gave the stock an "underweight" rating in a research note on Tuesday, August 12th. Jefferies Financial Group upped their price target on XPLR Infrastructure from $13.00 to $16.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Mizuho decreased their price target on XPLR Infrastructure from $15.00 to $12.00 and set a "neutral" rating for the company in a research note on Monday, May 12th. Finally, Wall Street Zen cut XPLR Infrastructure from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th.

Hedge Funds Weigh In On XPLR Infrastructure

Several large investors have recently made changes to their positions in XIFR. Steward Partners Investment Advisory LLC acquired a new position in shares of XPLR Infrastructure during the 2nd quarter worth about $25,000. JPMorgan Chase & Co. acquired a new position in shares of XPLR Infrastructure during the 2nd quarter worth about $55,000. CANADA LIFE ASSURANCE Co acquired a new position in shares of XPLR Infrastructure during the 2nd quarter worth about $77,000. MAI Capital Management acquired a new position in shares of XPLR Infrastructure during the 2nd quarter worth about $94,000. Finally, Headlands Technologies LLC acquired a new position in shares of XPLR Infrastructure during the 2nd quarter worth about $111,000. Institutional investors and hedge funds own 66.01% of the company's stock.

XPLR Infrastructure Stock Up 3.6%

Shares of XIFR traded up $0.37 during trading hours on Tuesday, hitting $10.57. 1,009,972 shares of the company were exchanged, compared to its average volume of 1,246,596. The company has a market cap of $993.26 million, a PE ratio of -6.15 and a beta of 0.86. The firm's 50 day moving average is $9.34 and its 200-day moving average is $9.00. XPLR Infrastructure has a 52 week low of $7.53 and a 52 week high of $28.25. 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 (NYSE:XIFR - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The solar energy provider reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.64. The company 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 company's revenue for the quarter was down 5.0% on a year-over-year basis. On average, equities research analysts forecast that XPLR Infrastructure will post 2.33 EPS for the current fiscal year.

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.