XPLR Infrastructure (NYSE:XIFR) Stock Rating Upgraded by Wall Street Zen

XPLR Infrastructure (NYSE:XIFR) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

A number of other research firms have also weighed in on XIFR. Weiss Ratings reiterated a “sell (d)” rating on shares of XPLR Infrastructure in a report on Wednesday, October 8th. Jefferies Financial Group increased their target price on shares of XPLR Infrastructure from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Finally, Barclays increased their target price on shares of XPLR Infrastructure from $9.00 to $11.00 and gave the stock an “underweight” rating in a report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $16.18.

XPLR Infrastructure Stock Performance

XPLR Infrastructure stock opened at $10.22 on Friday. 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 firm has a 50-day moving average of $10.20 and a 200-day moving average of $9.30. The firm has a market cap of $960.37 million, a P/E ratio of -5.94 and a beta of 0.91. XPLR Infrastructure has a 1-year low of $7.53 and a 1-year high of $26.25.

XPLR Infrastructure (NYSE:XIFR) last posted its earnings results on Thursday, August 7th. The solar energy provider reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.64. The company had revenue of $342.00 million during the quarter, compared to analyst estimates of $359.64 million. XPLR Infrastructure had a negative net margin of 12.94% and a positive return on equity of 1.86%. The firm’s quarterly revenue was down 5.0% on a year-over-year basis. Sell-side analysts expect that XPLR Infrastructure will post 2.33 EPS for the current year.

Institutional Trading of XPLR Infrastructure

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

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.