XPLR Infrastructure (NYSE:XIFR) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of XPLR Infrastructure (NYSE:XIFR) from a sell rating to a hold rating in a research note published on Saturday morning.

XIFR has been the topic of a number of other reports. Barclays lifted their target price on XPLR Infrastructure from $9.00 to $11.00 and gave the stock an “underweight” rating in a report on Tuesday, August 12th. Jefferies Financial Group lifted their target price on XPLR Infrastructure from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of XPLR Infrastructure in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $16.18.

XPLR Infrastructure Stock Down 1.1%

Shares of XPLR Infrastructure stock opened at $10.22 on Friday. XPLR Infrastructure has a 1-year low of $7.53 and a 1-year high of $26.25. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.77 and a quick ratio of 0.72. The business’s fifty day moving average price is $10.20 and its two-hundred day moving average price is $9.30. The company has a market capitalization of $960.33 million, a P/E ratio of -5.94 and a beta of 0.91.

XPLR Infrastructure (NYSE:XIFR) last posted its quarterly earnings data on Thursday, August 7th. The solar energy provider reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.64. The company had revenue of $342.00 million for the quarter, compared to the consensus estimate of $359.64 million. XPLR Infrastructure had a positive return on equity of 1.86% and a negative net margin of 12.94%.The business’s quarterly revenue was down 5.0% compared to the same quarter last year. As a group, research analysts forecast that XPLR Infrastructure will post 2.33 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Steward Partners Investment Advisory LLC purchased a new position in shares of XPLR Infrastructure during the second quarter valued at $25,000. Future Financial Wealth Managment LLC purchased a new position in XPLR Infrastructure in the third quarter valued at about $55,000. JPMorgan Chase & Co. purchased a new position in XPLR Infrastructure in the second quarter valued at about $55,000. CANADA LIFE ASSURANCE Co purchased a new position in XPLR Infrastructure in the second quarter valued at about $77,000. Finally, Apollon Wealth Management LLC purchased a new position in XPLR Infrastructure in the third quarter valued at about $104,000. 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.