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

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

XIFR has been the topic of several other reports. Mizuho set a $12.00 price objective on shares of XPLR Infrastructure in a research report on Wednesday. Canadian Imperial Bank of Commerce upped their price target on shares of XPLR Infrastructure from $11.00 to $11.50 and gave the company a “neutral” rating in a report on Tuesday, October 21st. Royal Bank Of Canada began coverage on shares of XPLR Infrastructure in a research note on Tuesday, January 6th. They set an “outperform” rating and a $14.00 price objective for the company. Barclays lifted their price objective on XPLR Infrastructure from $10.00 to $12.00 and gave the stock an “underweight” rating in a research report on Thursday. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of XPLR Infrastructure in a research report on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $12.58.

XPLR Infrastructure Price Performance

XIFR stock opened at $10.75 on Friday. The firm has a 50 day moving average of $9.87 and a 200-day moving average of $9.87. The company has a market cap of $1.01 billion, a price-to-earnings ratio of -34.66 and a beta of 1.02. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.44. XPLR Infrastructure has a 12-month low of $7.53 and a 12-month high of $11.43.

XPLR Infrastructure (NYSE:XIFR) last released its quarterly earnings results on Tuesday, February 10th. The solar energy provider reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.57) by $0.87. The business had revenue of $249.00 million for the quarter. XPLR Infrastructure had a positive return on equity of 1.52% and a negative net margin of 2.27%.The business’s quarterly revenue was down 15.3% on a year-over-year basis. As a group, equities analysts expect that XPLR Infrastructure will post 2.33 EPS for the current fiscal year.

Hedge Funds Weigh In On XPLR Infrastructure

Several large investors have recently added to or reduced their stakes in XIFR. Ensign Peak Advisors Inc acquired a new position in shares of XPLR Infrastructure during the 2nd quarter valued at about $256,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of XPLR Infrastructure in the 2nd quarter valued at $256,000. Swiss National Bank purchased a new stake in shares of XPLR Infrastructure during the 2nd quarter valued at $1,465,000. JPMorgan Chase & Co. acquired a new stake in shares of XPLR Infrastructure during the 2nd quarter worth $55,000. Finally, MAI Capital Management acquired a new position in XPLR Infrastructure in the second quarter valued at $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.