XPLR Infrastructure (NYSE:XIFR) Releases Quarterly Earnings Results, Misses Estimates By $0.30 EPS

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 the consensus estimate of ($0.07) by ($0.30), Zacks reports. XPLR Infrastructure had a negative net margin of 12.94% and a positive return on equity of 1.86%.

XPLR Infrastructure Stock Down 2.9%

Shares of XIFR stock traded down $0.29 during mid-day trading on Tuesday, reaching $9.52. 1,324,827 shares of the company’s stock traded hands, compared to its average volume of 1,968,825. XPLR Infrastructure has a 12 month low of $7.53 and a 12 month high of $20.82. The company has a market cap of $894.88 million, a P/E ratio of -5.54 and a beta of 0.94. The company has a quick ratio of 0.72, a current ratio of 0.77 and a debt-to-equity ratio of 0.50. The company’s 50-day moving average price is $10.23 and its 200-day moving average price is $9.43.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of XPLR Infrastructure in a research report on Wednesday, October 8th. Wall Street Zen raised shares of XPLR Infrastructure from a “sell” rating to a “hold” rating in a report on Monday. CIBC raised their price target on shares of XPLR Infrastructure from $11.00 to $11.50 and gave the company a “neutral” rating in a research note on Tuesday, October 21st. Jefferies Financial Group raised their price target on shares of XPLR Infrastructure from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Finally, Barclays lifted their target price 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. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, XPLR Infrastructure currently has a consensus rating of “Reduce” and an average price target of $13.85.

Institutional Trading of XPLR Infrastructure

A number of hedge funds have recently modified their holdings of XIFR. MUFG Securities EMEA plc purchased a new position in XPLR Infrastructure in the 2nd quarter worth about $16,400,000. Qube Research & Technologies Ltd purchased a new position in XPLR Infrastructure in the 2nd quarter worth about $4,220,000. Balyasny Asset Management L.P. purchased a new position in XPLR Infrastructure in the 2nd quarter worth about $4,192,000. Jump Financial LLC purchased a new position in XPLR Infrastructure in the 2nd quarter worth about $3,132,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in XPLR Infrastructure in the 2nd quarter worth about $2,869,000. Institutional investors own 66.01% of the company’s stock.

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.