XPLR Infrastructure (NYSE:XIFR) Stock Rating Upgraded by Royal Bank Of Canada

XPLR Infrastructure (NYSE:XIFR) was upgraded by stock analysts at Royal Bank Of Canada to a “moderate buy” rating in a research report issued on Tuesday,Zacks.com reports.

Several other equities research analysts also recently issued reports on XIFR. Weiss Ratings reaffirmed a “sell (d)” rating on shares of XPLR Infrastructure in a research note on Wednesday, October 8th. Wall Street Zen downgraded XPLR Infrastructure from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. CIBC boosted their price target on XPLR Infrastructure from $11.00 to $11.50 and gave the stock a “neutral” rating in a research note on Tuesday, October 21st. Morgan Stanley reduced 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. Finally, Barclays lowered their price objective on XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Thursday, November 6th. 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. Based on data from MarketBeat, XPLR Infrastructure presently has a consensus rating of “Reduce” and an average price target of $13.50.

XPLR Infrastructure Stock Performance

XPLR Infrastructure stock opened at $10.68 on Tuesday. The firm has a market capitalization of $1.00 billion, a PE ratio of -6.32 and a beta of 0.97. XPLR Infrastructure has a one year low of $7.53 and a one year high of $18.67. The stock’s 50 day moving average price is $9.44 and its 200 day moving average price is $9.65. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.69 and a current ratio of 0.75.

XPLR Infrastructure (NYSE:XIFR) last posted its quarterly earnings data on Tuesday, November 4th. The solar energy provider reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.30). XPLR Infrastructure had a negative net margin of 12.73% and a positive return on equity of 2.01%. The firm had revenue of $315.00 million for the quarter, compared to analysts’ expectations of $331.56 million. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. As a group, sell-side analysts expect that XPLR Infrastructure will post 2.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC acquired a new stake in shares of XPLR Infrastructure during the 2nd quarter valued at approximately $25,000. US Bancorp DE bought a new stake in XPLR Infrastructure during the third quarter valued at $28,000. Future Financial Wealth Managment LLC bought a new stake in XPLR Infrastructure during the third quarter valued at $55,000. JPMorgan Chase & Co. acquired a new stake in shares of XPLR Infrastructure during the second quarter worth $55,000. Finally, CANADA LIFE ASSURANCE Co bought a new position in shares of XPLR Infrastructure in the 2nd quarter worth about $77,000. Institutional investors and hedge funds 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.