XPLR Infrastructure, LP (NYSE:XIFR) Receives $20.27 Consensus Target Price from Analysts

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

A number of research analysts recently issued reports on the company. Morgan Stanley reaffirmed an “underweight” rating and set a $13.00 target price (down from $22.00) on shares of XPLR Infrastructure in a report on Monday, February 3rd. Wells Fargo & Company lowered their target price on XPLR Infrastructure from $33.00 to $13.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Scotiabank lowered their target price on XPLR Infrastructure from $15.00 to $12.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 29th. Guggenheim lowered their target price on XPLR Infrastructure from $17.00 to $12.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $18.00 target price (down from $26.00) on shares of XPLR Infrastructure in a report on Monday, January 13th.

Hedge Funds Weigh In On XPLR Infrastructure

Several institutional investors and hedge funds have recently bought and sold shares of XIFR. Avion Wealth grew its stake in shares of XPLR Infrastructure by 610.2% in the 4th quarter. Avion Wealth now owns 2,642 shares of the solar energy provider’s stock valued at $47,000 after buying an additional 2,270 shares in the last quarter. McIlrath & Eck LLC acquired a new stake in XPLR Infrastructure in the 3rd quarter worth approximately $63,000. Central Pacific Bank Trust Division lifted its holdings in XPLR Infrastructure by 153.1% in the 4th quarter. Central Pacific Bank Trust Division now owns 6,200 shares of the solar energy provider’s stock worth $110,000 after purchasing an additional 3,750 shares during the last quarter. Truist Financial Corp lifted its holdings in XPLR Infrastructure by 10.1% in the 4th quarter. Truist Financial Corp now owns 11,434 shares of the solar energy provider’s stock worth $204,000 after purchasing an additional 1,049 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC acquired a new stake in XPLR Infrastructure in the 4th quarter worth approximately $211,000. Hedge funds and other institutional investors own 66.01% of the company’s stock.

XPLR Infrastructure Price Performance

Shares of XIFR opened at $8.77 on Tuesday. The firm has a market capitalization of $824.05 million, a price-to-earnings ratio of -87.70 and a beta of 1.13. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.78 and a current ratio of 2.02. XPLR Infrastructure has a one year low of $7.97 and a one year high of $35.15. The stock’s fifty day moving average is $12.61 and its 200-day moving average is $18.61.

XPLR Infrastructure (NYSE:XIFR) last released its earnings results 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 positive return on equity of 1.34% and a negative net margin of 0.73%. Equities analysts anticipate that XPLR Infrastructure will post 2.33 EPS for the current year.

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.