XPLR Infrastructure, LP (NYSE:XIFR) Given Average Rating of “Hold” by Brokerages

Shares of XPLR Infrastructure, LP (NYSE:XIFR) have earned a consensus recommendation of “Hold” from the eighteen research firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $20.27.

Several equities research analysts have recently issued reports on the stock. Morgan Stanley reissued an “underweight” rating and set a $13.00 price objective (down previously from $22.00) on shares of XPLR Infrastructure in a research report on Monday, February 3rd. Scotiabank dropped their price target on XPLR Infrastructure from $15.00 to $12.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 29th. BMO Capital Markets restated a “market perform” rating and issued a $18.00 price target (down from $26.00) on shares of XPLR Infrastructure in a report on Monday, January 13th. Guggenheim decreased their price objective on XPLR Infrastructure from $17.00 to $12.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. Finally, Jefferies Financial Group cut their target price on XPLR Infrastructure from $25.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th.

XPLR Infrastructure Stock Up 1.7 %

NYSE:XIFR opened at $8.52 on Friday. XPLR Infrastructure has a 1 year low of $7.97 and a 1 year high of $35.15. The stock has a 50-day moving average price of $15.83 and a two-hundred day moving average price of $20.59. The stock has a market cap of $796.88 million, a price-to-earnings ratio of -85.20 and a beta of 1.03. The company has a current ratio of 2.02, a quick ratio of 1.78 and a debt-to-equity ratio of 0.37.

XPLR Infrastructure (NYSE:XIFR) last issued its quarterly earnings data on Tuesday, January 28th. The solar energy provider reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.20. XPLR Infrastructure had a positive return on equity of 1.34% and a negative net margin of 0.73%. As a group, equities analysts expect that XPLR Infrastructure will post 2.33 earnings per share for the current year.

Hedge Funds Weigh In On XPLR Infrastructure

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. M&G PLC boosted its stake in shares of XPLR Infrastructure by 19.3% during the 3rd quarter. M&G PLC now owns 3,062,083 shares of the solar energy provider’s stock worth $85,738,000 after acquiring an additional 496,383 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new position in XPLR Infrastructure during the fourth quarter worth $21,449,000. Redwood Grove Capital LLC boosted its position in XPLR Infrastructure by 19.7% during the third quarter. Redwood Grove Capital LLC now owns 982,235 shares of the solar energy provider’s stock worth $27,129,000 after purchasing an additional 161,436 shares during the period. abrdn plc increased its holdings in shares of XPLR Infrastructure by 15.3% in the fourth quarter. abrdn plc now owns 980,200 shares of the solar energy provider’s stock valued at $17,242,000 after purchasing an additional 130,000 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its position in shares of XPLR Infrastructure by 8.0% in the third quarter. Rockefeller Capital Management L.P. now owns 630,588 shares of the solar energy provider’s stock valued at $17,417,000 after purchasing an additional 46,728 shares during the period. Institutional investors 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.