Brokerages Set XPLR Infrastructure, LP (NYSE:XIFR) Target Price at $12.57

XPLR Infrastructure, LP (NYSE:XIFR) has received an average rating of “Hold” from the seven analysts that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $12.5714.

A number of equities research analysts have commented on XIFR shares. Canadian Imperial Bank of Commerce decreased their target price on shares of XPLR Infrastructure from $11.50 to $11.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. Weiss Ratings upgraded shares of XPLR Infrastructure from a “sell (d)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Wall Street Zen upgraded shares of XPLR Infrastructure from a “sell” rating to a “hold” rating in a research report on Saturday. Barclays boosted their price target 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. Finally, Evercore set a $11.00 price target on shares of XPLR Infrastructure in a research note on Monday, May 11th.

XPLR Infrastructure Price Performance

Shares of NYSE:XIFR opened at $12.47 on Thursday. The firm’s 50 day moving average price is $10.76 and its 200-day moving average price is $10.19. XPLR Infrastructure has a twelve month low of $7.99 and a twelve month high of $12.61. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $1.18 billion, a PE ratio of 11.44 and a beta of 0.89.

XPLR Infrastructure (NYSE:XIFR) last issued its quarterly earnings data on Thursday, May 7th. The solar energy provider reported $0.35 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.72). XPLR Infrastructure had a return on equity of 0.98% and a net margin of 8.81%.The business had revenue of $275.00 million during the quarter. During the same quarter in the previous year, the business earned ($1.05) EPS. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. Equities research analysts expect that XPLR Infrastructure will post -0.32 EPS for the current year.

Institutional Trading of XPLR Infrastructure

Several hedge funds have recently bought and sold shares of XIFR. Adage Capital Partners GP L.L.C. increased its position in XPLR Infrastructure by 557.1% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 4,600,000 shares of the solar energy provider’s stock worth $46,000,000 after purchasing an additional 3,900,000 shares during the last quarter. Anchorage Capital Advisors L.P. increased its position in XPLR Infrastructure by 109.8% in the fourth quarter. Anchorage Capital Advisors L.P. now owns 6,899,310 shares of the solar energy provider’s stock worth $68,993,000 after purchasing an additional 3,610,961 shares during the last quarter. ING Groep NV bought a new stake in XPLR Infrastructure in the third quarter worth $20,340,000. MUFG Securities EMEA plc bought a new stake in XPLR Infrastructure in the second quarter worth $16,400,000. Finally, Aventail Capital Group LP purchased a new position in XPLR Infrastructure during the third quarter worth $11,751,000. Hedge funds and other 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.