XPLR Infrastructure (NYSE:XIFR) Issues Quarterly Earnings Results

XPLR Infrastructure (NYSE:XIFR) issued its earnings results on Tuesday. The solar energy provider reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.30), Zacks reports. XPLR Infrastructure had a positive return on equity of 1.86% and a negative net margin of 12.94%.The firm’s revenue was down 1.3% on a year-over-year basis.

XPLR Infrastructure Stock Down 2.9%

Shares of XIFR stock opened at $9.52 on Wednesday. XPLR Infrastructure has a 12-month low of $7.53 and a 12-month high of $20.82. 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 firm has a fifty day moving average of $10.22 and a 200-day moving average of $9.43. The company has a market capitalization of $894.88 million, a price-to-earnings ratio of -5.54 and a beta of 0.94.

Hedge Funds Weigh In On XPLR Infrastructure

Large investors have recently added to or reduced their stakes in the company. MUFG Securities EMEA plc acquired a new stake in shares of XPLR Infrastructure in the 2nd quarter valued at about $16,400,000. Qube Research & Technologies Ltd bought a new position in shares of XPLR Infrastructure during the second quarter worth about $4,220,000. Balyasny Asset Management L.P. bought a new position in shares of XPLR Infrastructure during the second quarter worth about $4,192,000. Jump Financial LLC acquired a new stake in XPLR Infrastructure in the 2nd quarter valued at approximately $3,132,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in XPLR Infrastructure in the 2nd quarter valued at approximately $2,869,000. Institutional investors own 66.01% of the company’s stock.

Analyst Upgrades and Downgrades

XIFR has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of XPLR Infrastructure in a research note on Wednesday, October 8th. Jefferies Financial Group boosted their price target on shares of XPLR Infrastructure from $13.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. CIBC upped their price objective on shares of XPLR Infrastructure from $11.00 to $11.50 and gave the company a “neutral” rating in a research report on Tuesday, October 21st. Wall Street Zen raised XPLR Infrastructure from a “sell” rating to a “hold” rating in a research note on Monday. Finally, Barclays boosted their target price on XPLR Infrastructure from $9.00 to $11.00 and gave the company an “underweight” rating in a research note on Tuesday, August 12th. One investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $13.85.

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.