XPLR Infrastructure (NYSE:XIFR) Lowered to “Sell” Rating by Wall Street Zen

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

Several other brokerages also recently issued reports on XIFR. Mizuho set a $12.00 price objective on shares of XPLR Infrastructure in a research report on Wednesday, February 11th. Weiss Ratings reiterated a “sell (d)” rating on shares of XPLR Infrastructure in a research note on Wednesday, January 21st. Morgan Stanley dropped their price target on XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating for the company in a report on Tuesday, December 2nd. Barclays increased their price objective on XPLR Infrastructure from $10.00 to $12.00 and gave the stock an “underweight” rating in a research report on Thursday, February 12th. Finally, Royal Bank Of Canada started coverage on shares of XPLR Infrastructure in a research report on Tuesday, January 6th. They issued an “outperform” rating and a $14.00 target price for the company. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, XPLR Infrastructure currently has a consensus rating of “Reduce” and a consensus target price of $12.58.

XPLR Infrastructure Stock Up 3.0%

NYSE:XIFR opened at $10.61 on Friday. The stock has a 50-day simple moving average of $10.04 and a 200 day simple moving average of $9.92. XPLR Infrastructure has a 52-week low of $7.53 and a 52-week high of $11.43. The company has a market cap of $996.65 million, a PE ratio of -34.21 and a beta of 1.02. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.84 and a current ratio of 0.91.

XPLR Infrastructure (NYSE:XIFR) last issued its quarterly earnings results on Tuesday, February 10th. The solar energy provider reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.57) by $0.87. XPLR Infrastructure had a negative net margin of 2.27% and a positive return on equity of 1.54%. XPLR Infrastructure’s revenue for the quarter was down 15.3% on a year-over-year basis. On average, sell-side analysts expect that XPLR Infrastructure will post 2.33 EPS for the current fiscal year.

Institutional Investors Weigh In On XPLR Infrastructure

A number of hedge funds have recently made changes to their positions in XIFR. Ensign Peak Advisors Inc acquired a new stake in XPLR Infrastructure in the second quarter valued at approximately $256,000. Dynamic Technology Lab Private Ltd bought a new position in shares of XPLR Infrastructure in the 2nd quarter valued at $256,000. Swiss National Bank acquired a new stake in shares of XPLR Infrastructure during the 2nd quarter valued at $1,465,000. JPMorgan Chase & Co. bought a new stake in XPLR Infrastructure during the 2nd quarter worth $55,000. Finally, MAI Capital Management acquired a new position in XPLR Infrastructure in the 2nd quarter worth about $94,000. 66.01% of the stock is currently owned by institutional investors and hedge funds.

XPLR Infrastructure Company Profile

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.