XPLR Infrastructure, LP (NYSE:XIFR) Receives Consensus Rating of "Reduce" from Brokerages

Key Points

• Consensus "Reduce" rating: Eight brokerages give XPLR Infrastructure (XIFR) a consensus recommendation of "Reduce" (3 sell, 3 hold, 2 buy) with an average 1‑year target of $12.47; Barclays and Morgan Stanley keep underweight/underweight calls while RBC initiated coverage with an outperform and a $14 target.
• Earnings and stock metrics: XIFR reported quarterly EPS of $0.30, beating a consensus loss of ($0.57) by $0.87, while revenue fell to $249 million (down 15.3% YoY); the stock trades near $10.37, has a market cap of about $977 million, and roughly 66% institutional ownership.

Shares of XPLR Infrastructure, LP (NYSE:XIFR - Get Free Report) have been given a consensus recommendation of "Reduce" by the eight research firms that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, three 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 covered the stock in the last year is $12.4714.

A number of analysts recently weighed in on the stock. Barclays upped their price objective on shares of XPLR Infrastructure from $10.00 to $12.00 and gave the stock an "underweight" rating in a research note on Thursday, February 12th. Morgan Stanley upped their price objective on shares of XPLR Infrastructure from $10.00 to $11.00 and gave the stock an "underweight" rating in a research note on Tuesday. Mizuho set a $12.00 price objective on shares of XPLR Infrastructure in a research note on Wednesday, February 11th. Royal Bank Of Canada assumed coverage on shares of XPLR Infrastructure in a research note on Tuesday, January 6th. They issued an "outperform" rating and a $14.00 price objective for the company. Finally, Evercore reaffirmed a "hold" rating and issued a $10.80 price objective on shares of XPLR Infrastructure in a research note on Thursday, March 5th.

XPLR Infrastructure Stock Down 1.6%

Shares of XIFR opened at $10.37 on Wednesday. The firm has a market capitalization of $977.37 million, a P/E ratio of -33.44 and a beta of 0.97. XPLR Infrastructure has a 12-month low of $7.53 and a 12-month high of $11.43. The company has a current ratio of 0.91, a quick ratio of 0.84 and a debt-to-equity ratio of 0.50. The firm has a fifty day moving average price of $10.37 and a 200-day moving average price of $10.01.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) last issued its earnings results on Tuesday, February 10th. The solar energy provider reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.57) by $0.87. XPLR Infrastructure had a negative net margin of 2.27% and a positive return on equity of 1.54%. The firm had revenue of $249.00 million during the quarter. XPLR Infrastructure's quarterly revenue was down 15.3% compared to the same quarter last year. Equities research analysts expect that XPLR Infrastructure will post 2.33 earnings per share for the current year.

Institutional Trading of XPLR Infrastructure

A number of hedge funds have recently added to or reduced their stakes in XIFR. JPMorgan Chase & Co. purchased a new stake in XPLR Infrastructure in the second quarter worth about $55,000. Legal & General Group Plc bought a new position in XPLR Infrastructure in the second quarter worth about $830,000. American Century Companies Inc. bought a new position in XPLR Infrastructure in the second quarter worth about $3,004,000. Prudential Financial Inc. bought a new position in XPLR Infrastructure in the second quarter worth about $119,000. Finally, Steward Partners Investment Advisory LLC bought a new position in XPLR Infrastructure in the second quarter worth about $25,000. 66.01% of the stock is owned by hedge funds and other institutional investors.

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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