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

Wall Street Zen downgraded shares of XPLR Infrastructure (NYSE:XIFR) from a hold rating to a sell rating in a report issued on Saturday.

A number of other research firms also recently weighed in on XIFR. Evercore set a $11.00 price target on XPLR Infrastructure in a research note on Monday, May 11th. Canadian Imperial Bank of Commerce reissued a “neutral” rating and issued a $12.00 price target on shares of XPLR Infrastructure in a research note on Friday. Morgan Stanley increased their price objective on XPLR Infrastructure from $11.00 to $12.00 and gave the stock an “underweight” rating in a report on Wednesday, May 20th. Finally, Weiss Ratings upgraded XPLR Infrastructure from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 1st. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $12.17.

XPLR Infrastructure Trading Down 1.5%

NYSE XIFR opened at $11.99 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.53. XPLR Infrastructure has a 1-year low of $8.68 and a 1-year high of $13.25. The firm’s fifty day simple moving average is $11.91 and its 200-day simple moving average is $10.87. The company has a market capitalization of $1.13 billion, a PE ratio of 11.00 and a beta of 0.94.

XPLR Infrastructure (NYSE:XIFR) last released its quarterly earnings data on Thursday, May 7th. The solar energy provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.72). XPLR Infrastructure had a net margin of 8.81% and a return on equity of 0.98%. The firm had revenue of $275.00 million for the quarter. During the same period last year, the firm posted ($1.05) earnings per share. The company’s revenue was down 2.5% on a year-over-year basis. As a group, sell-side analysts anticipate that XPLR Infrastructure will post -1.34 earnings per share for the current fiscal year.

Hedge Funds Weigh In On XPLR Infrastructure

Several hedge funds have recently bought and sold shares of XIFR. Assenagon Asset Management S.A. increased its position in XPLR Infrastructure by 372.8% during the second quarter. Assenagon Asset Management S.A. now owns 872,439 shares of the solar energy provider’s stock worth $10,304,000 after buying an additional 687,931 shares during the last quarter. Central Pacific Bank Trust Division lifted its position in shares of XPLR Infrastructure by 35.9% in the second quarter. Central Pacific Bank Trust Division now owns 26,500 shares of the solar energy provider’s stock worth $313,000 after buying an additional 7,000 shares during the last quarter. Bank of America Corp DE lifted its position in shares of XPLR Infrastructure by 248.8% in the first quarter. Bank of America Corp DE now owns 768,078 shares of the solar energy provider’s stock worth $8,157,000 after buying an additional 547,898 shares during the last quarter. Amundi boosted its stake in shares of XPLR Infrastructure by 25.8% during the 1st quarter. Amundi now owns 114,113 shares of the solar energy provider’s stock worth $1,212,000 after acquiring an additional 23,426 shares in the last quarter. Finally, California State Teachers Retirement System boosted its stake in shares of XPLR Infrastructure by 58.4% during the 1st quarter. California State Teachers Retirement System now owns 127,718 shares of the solar energy provider’s stock worth $1,356,000 after acquiring an additional 47,081 shares in the last quarter. 66.01% of the stock is owned by institutional investors and hedge funds.

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.