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

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

XIFR has been the topic of several other research reports. Morgan Stanley raised their price objective on XPLR Infrastructure from $11.00 to $12.00 and gave the stock an “underweight” rating in a report on Wednesday, May 20th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating and issued a $12.00 target price on shares of XPLR Infrastructure in a research note on Friday, July 17th. Weiss Ratings upgraded XPLR Infrastructure from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 1st. Finally, Evercore set a $11.00 price target on XPLR Infrastructure in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, XPLR Infrastructure currently has a consensus rating of “Reduce” and an average price target of $12.17.

XPLR Infrastructure Stock Performance

Shares of XIFR opened at $12.56 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.94 and a current ratio of 1.02. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 11.53 and a beta of 0.94. The company’s 50 day simple moving average is $11.99 and its 200 day simple moving average is $10.96. XPLR Infrastructure has a 1 year low of $8.68 and a 1 year high of $13.25.

XPLR Infrastructure (NYSE:XIFR) last announced its earnings results on Thursday, May 7th. The solar energy provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.72). The firm had revenue of $275.00 million for the quarter. XPLR Infrastructure had a return on equity of 0.98% and a net margin of 8.81%.The business’s revenue was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($1.05) EPS. On average, sell-side analysts predict that XPLR Infrastructure will post -1.41 EPS for the current year.

Hedge Funds Weigh In On XPLR Infrastructure

A number of hedge funds have recently made changes to their positions in the stock. Adage Capital Partners GP L.L.C. increased its holdings in shares of XPLR Infrastructure by 557.1% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 4,600,000 shares of the solar energy provider’s stock worth $46,000,000 after buying an additional 3,900,000 shares during the last quarter. Anchorage Capital Advisors L.P. boosted its holdings in XPLR Infrastructure by 109.8% in the fourth quarter. Anchorage Capital Advisors L.P. now owns 6,899,310 shares of the solar energy provider’s stock valued at $68,993,000 after acquiring an additional 3,610,961 shares during the last quarter. MUFG Securities EMEA plc acquired a new position in XPLR Infrastructure in the second quarter valued at $16,400,000. Endure Capital Management LLC purchased a new stake in XPLR Infrastructure during the first quarter valued at about $12,054,000. Finally, Assenagon Asset Management S.A. grew its position in XPLR Infrastructure by 372.8% during the second quarter. Assenagon Asset Management S.A. now owns 872,439 shares of the solar energy provider’s stock valued at $10,304,000 after acquiring an additional 687,931 shares during the period. Institutional investors and hedge funds 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.