Wall Street Zen Upgrades XPLR Infrastructure (NYSE:XIFR) to “Hold”

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

A number of other equities research analysts also recently commented on XIFR. Barclays increased their price objective on XPLR Infrastructure from $10.00 to $12.00 and gave the company an “underweight” rating in a research report on Thursday, February 12th. Morgan Stanley boosted their target price on shares of XPLR Infrastructure from $11.00 to $12.00 and gave the company an “underweight” rating in a research note on Wednesday, May 20th. Weiss Ratings raised shares of XPLR Infrastructure from a “sell (d)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Evercore set a $11.00 target price on shares of XPLR Infrastructure in a research note on Monday, May 11th. Finally, Canadian Imperial Bank of Commerce cut their target price on shares of XPLR Infrastructure from $11.50 to $11.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, XPLR Infrastructure has a consensus rating of “Hold” and an average price target of $12.57.

XPLR Infrastructure Price Performance

Shares of NYSE:XIFR opened at $12.47 on Friday. XPLR Infrastructure has a one year low of $7.99 and a one year high of $12.61. The stock has a fifty day moving average of $10.76 and a 200-day moving average of $10.19. The company has a market capitalization of $1.18 billion, a PE ratio of 11.44 and a beta of 0.89. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.94 and a current ratio of 1.02.

XPLR Infrastructure (NYSE:XIFR) last announced its quarterly earnings data on Thursday, May 7th. The solar energy provider reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.72). XPLR Infrastructure had a net margin of 8.81% and a return on equity of 0.98%. The company had revenue of $275.00 million for the quarter. During the same period in the previous year, the business earned ($1.05) EPS. The business’s revenue was down 2.5% on a year-over-year basis. As a group, equities analysts anticipate that XPLR Infrastructure will post -0.32 EPS for the current fiscal year.

Hedge Funds Weigh In On XPLR Infrastructure

A number of hedge funds have recently modified their holdings of XIFR. US Bancorp DE acquired a new position in shares of XPLR Infrastructure in the third quarter worth $28,000. Huntington National Bank increased its stake in shares of XPLR Infrastructure by 715.6% in the fourth quarter. Huntington National Bank now owns 3,075 shares of the solar energy provider’s stock worth $31,000 after acquiring an additional 2,698 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in shares of XPLR Infrastructure in the second quarter worth $55,000. CANADA LIFE ASSURANCE Co acquired a new position in shares of XPLR Infrastructure in the second quarter worth $77,000. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of XPLR Infrastructure in the third quarter worth $80,000. 66.01% of the stock is owned by institutional investors and hedge funds.

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.