XPLR Infrastructure, LP (NYSE:XIFR) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of XPLR Infrastructure, LP (NYSE:XIFR) have been given an average recommendation of “Reduce” by the thirteen research firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $16.1818.

Several analysts have commented on XIFR shares. Barclays lifted their price objective on shares of XPLR Infrastructure from $9.00 to $11.00 and gave the company an “underweight” rating in a research note on Tuesday, August 12th. Jefferies Financial Group lifted their price objective on shares of XPLR Infrastructure from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Weiss Ratings restated a “sell (d)” rating on shares of XPLR Infrastructure in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of XPLR Infrastructure from a “sell” rating to a “hold” rating in a research note on Saturday.

XPLR Infrastructure Stock Performance

Shares of NYSE XIFR opened at $10.22 on Wednesday. The company has a current ratio of 0.77, a quick ratio of 0.72 and a debt-to-equity ratio of 0.50. XPLR Infrastructure has a 12 month low of $7.53 and a 12 month high of $26.25. The company has a 50 day simple moving average of $10.20 and a two-hundred day simple moving average of $9.30. The stock has a market cap of $960.37 million, a price-to-earnings ratio of -5.94 and a beta of 0.91.

XPLR Infrastructure (NYSE:XIFR) last announced its quarterly earnings data on Thursday, August 7th. The solar energy provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.20 by $0.64. XPLR Infrastructure had a negative net margin of 12.94% and a positive return on equity of 1.86%. The business had revenue of $342.00 million during the quarter, compared to analysts’ expectations of $359.64 million. The firm’s revenue was down 5.0% on a year-over-year basis. As a group, analysts predict that XPLR Infrastructure will post 2.33 earnings per share for the current year.

Hedge Funds Weigh In On XPLR Infrastructure

Institutional investors have recently made changes to their positions in the company. Nomura Holdings Inc. purchased a new position in shares of XPLR Infrastructure during the 2nd quarter valued at approximately $46,948,000. Apollo Management Holdings L.P. purchased a new position in shares of XPLR Infrastructure during the 2nd quarter valued at approximately $40,853,000. Lavaca Capital LLC purchased a new position in shares of XPLR Infrastructure during the 2nd quarter valued at approximately $180,000. Gabelli Funds LLC purchased a new position in shares of XPLR Infrastructure during the 2nd quarter valued at approximately $4,009,000. Finally, Ardsley Advisory Partners LP purchased a new position in shares of XPLR Infrastructure during the 2nd quarter valued at approximately $5,986,000. 66.01% of the stock is owned by hedge funds and other institutional investors.

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.