XPLR Infrastructure (NYSE:XIFR) Issues Earnings Results

XPLR Infrastructure (NYSE:XIFR) issued its quarterly earnings data on Tuesday. The solar energy provider reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.30), Zacks reports. XPLR Infrastructure had a positive return on equity of 1.96% and a negative net margin of 12.73%.The firm had revenue of $315.00 million during the quarter, compared to analyst estimates of $331.56 million. The company’s quarterly revenue was down 1.3% compared to the same quarter last year.

XPLR Infrastructure Price Performance

XPLR Infrastructure stock opened at $9.15 on Thursday. The company has a current ratio of 0.77, a quick ratio of 0.72 and a debt-to-equity ratio of 0.50. The stock has a market cap of $860.07 million, a P/E ratio of -5.36 and a beta of 0.94. The company has a 50-day moving average price of $10.20 and a 200 day moving average price of $9.43. XPLR Infrastructure has a 12-month low of $7.53 and a 12-month high of $20.02.

Institutional Investors Weigh In On XPLR Infrastructure

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. MUFG Securities EMEA plc purchased a new stake in XPLR Infrastructure in the 2nd quarter valued at about $16,400,000. Qube Research & Technologies Ltd purchased a new position in XPLR Infrastructure in the 2nd quarter valued at approximately $4,220,000. Balyasny Asset Management L.P. acquired a new position in XPLR Infrastructure during the 2nd quarter worth $4,192,000. Jump Financial LLC acquired a new position in shares of XPLR Infrastructure during the second quarter worth about $3,132,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of XPLR Infrastructure in the 2nd quarter valued at approximately $2,869,000. Hedge funds and other institutional investors own 66.01% of the company’s stock.

Analyst Upgrades and Downgrades

XIFR has been the subject of a number of analyst reports. CIBC upped their price target on XPLR Infrastructure from $11.00 to $11.50 and gave the stock a “neutral” rating in a report on Tuesday, October 21st. Wall Street Zen raised XPLR Infrastructure from a “sell” rating to a “hold” rating in a research note on Monday. Weiss Ratings reissued a “sell (d)” rating on shares of XPLR Infrastructure in a research note on Wednesday, October 8th. Barclays upped their price objective on shares of XPLR Infrastructure from $9.00 to $11.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 12th. Finally, Jefferies Financial Group lifted their target price on shares of XPLR Infrastructure from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. One equities research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $13.85.

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.