XPLR Infrastructure (NYSE:XIFR) Upgraded at Wall Street Zen

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

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

XPLR Infrastructure Price Performance

XPLR Infrastructure stock opened at $10.28 on Friday. XPLR Infrastructure has a one year low of $7.53 and a one year high of $26.25. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.72 and a current ratio of 0.77. The business has a fifty day moving average of $10.21 and a two-hundred day moving average of $9.31. The company has a market cap of $965.73 million, a P/E ratio of -5.97 and a beta of 0.91.

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

Institutional Investors Weigh In On XPLR Infrastructure

Several institutional investors and hedge funds have recently made changes to their positions in XIFR. Nomura Holdings Inc. purchased a new stake in shares of XPLR Infrastructure in the 2nd quarter worth about $46,948,000. Apollo Management Holdings L.P. acquired a new position in XPLR Infrastructure in the 2nd quarter valued at about $40,853,000. MUFG Securities EMEA plc acquired a new position in XPLR Infrastructure in the 2nd quarter valued at about $16,400,000. Ardsley Advisory Partners LP acquired a new position in XPLR Infrastructure in the 2nd quarter valued at about $5,986,000. Finally, Qube Research & Technologies Ltd acquired a new position in XPLR Infrastructure in the 2nd quarter valued at about $4,220,000. 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.