Analysts Set XPLR Infrastructure, LP (NYSE:XIFR) Price Target at $20.27

Shares of XPLR Infrastructure, LP (NYSE:XIFR) have received an average rating of “Hold” from the eighteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $20.27.

A number of research firms recently issued reports on XIFR. BNP Paribas upgraded XPLR Infrastructure from an “underperform” rating to a “neutral” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. decreased their price objective on XPLR Infrastructure from $22.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday, January 23rd. CIBC decreased their price objective on XPLR Infrastructure from $26.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Morgan Stanley reiterated an “underweight” rating and set a $13.00 price objective (down from $22.00) on shares of XPLR Infrastructure in a research note on Monday, February 3rd. Finally, Jefferies Financial Group decreased 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.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in XIFR. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new position in shares of XPLR Infrastructure in the 4th quarter worth approximately $21,449,000. Thrivent Financial for Lutherans bought a new position in shares of XPLR Infrastructure in the 3rd quarter worth approximately $16,186,000. Two Sigma Advisers LP bought a new position in shares of XPLR Infrastructure in the 3rd quarter worth approximately $15,310,000. M&G PLC raised its position in shares of XPLR Infrastructure by 19.3% in 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 in the last quarter. Finally, Graham Capital Wealth Management LLC bought a new position in shares of XPLR Infrastructure in the 4th quarter worth approximately $3,003,000. Institutional investors own 66.01% of the company’s stock.

XPLR Infrastructure Stock Performance

Shares of XIFR opened at $8.62 on Friday. The firm has a market cap of $806.23 million, a PE ratio of -86.20 and a beta of 1.03. The stock’s fifty day moving average price is $15.64 and its two-hundred day moving average price is $20.51. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.02 and a quick ratio of 1.78. XPLR Infrastructure has a 1 year low of $7.97 and a 1 year high of $35.15.

XPLR Infrastructure (NYSE:XIFR) last released its quarterly earnings data on Tuesday, January 28th. The solar energy provider reported $0.99 earnings per share (EPS) for the quarter, beating 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%. On average, equities research analysts forecast that XPLR Infrastructure will post 2.33 EPS for the current year.

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.