XPLR Infrastructure (NYSE:XIFR) Downgraded by Wall Street Zen to Sell

XPLR Infrastructure (NYSE:XIFR) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Sunday.

Several other equities analysts have also recently commented on XIFR. Weiss Ratings reaffirmed a “sell (d)” rating on shares of XPLR Infrastructure in a research report on Wednesday, January 21st. Barclays upped their price objective on XPLR Infrastructure from $10.00 to $12.00 and gave the company an “underweight” rating in a research note on Thursday, February 12th. Morgan Stanley reduced their target price on XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Tuesday, December 2nd. Mizuho set a $12.00 target price on XPLR Infrastructure in a research report on Wednesday, February 11th. Finally, Royal Bank Of Canada initiated coverage on XPLR Infrastructure in a research report on Tuesday, January 6th. They set an “outperform” rating and a $14.00 price target on the stock. Two equities research 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, the stock currently has an average rating of “Reduce” and an average target price of $12.58.

XPLR Infrastructure Stock Up 3.0%

XIFR stock opened at $10.61 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 0.50. The firm has a 50 day simple moving average of $10.04 and a 200-day simple moving average of $9.91. The company has a market capitalization of $996.65 million, a P/E ratio of -34.21 and a beta of 1.02. XPLR Infrastructure has a twelve month low of $7.53 and a twelve month high of $11.43.

XPLR Infrastructure (NYSE:XIFR) last posted its quarterly earnings results on Tuesday, February 10th. The solar energy provider reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.57) by $0.87. XPLR Infrastructure had a negative net margin of 2.27% and a positive return on equity of 1.54%. The firm’s revenue for the quarter was down 15.3% compared to the same quarter last year. On average, equities research analysts predict that XPLR Infrastructure will post 2.33 earnings per share for the current fiscal year.

Institutional Trading of XPLR Infrastructure

Several hedge funds have recently made changes to their positions in the stock. Abundance Wealth Counselors acquired a new stake in XPLR Infrastructure in the third quarter worth approximately $1,112,000. GraniteShares Advisors LLC acquired a new position in shares of XPLR Infrastructure during the 3rd quarter valued at $1,763,000. DekaBank Deutsche Girozentrale bought a new stake in shares of XPLR Infrastructure in the 3rd quarter worth $1,299,000. ING Groep NV bought a new stake in shares of XPLR Infrastructure in the 3rd quarter worth $20,340,000. Finally, Apollo Management Holdings L.P. acquired a new stake in shares of XPLR Infrastructure in the second quarter valued at $40,853,000. Institutional investors own 66.01% of the company’s stock.

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.