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

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

Several other research analysts also recently commented on the stock. Canadian Imperial Bank of Commerce reissued a “neutral” rating and set a $12.00 price objective on shares of XPLR Infrastructure in a report on Friday, July 17th. Weiss Ratings raised XPLR Infrastructure from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 1st. Morgan Stanley increased their price target on XPLR Infrastructure from $11.00 to $12.00 and gave the company an “underweight” rating in a research note on Wednesday, May 20th. Finally, Evercore set a $11.00 price objective 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $12.17.

XPLR Infrastructure Trading Up 0.4%

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

XPLR Infrastructure (NYSE:XIFR) last issued its earnings results on Thursday, May 7th. The solar energy provider reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.72). The company 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 period last year, the company posted ($1.05) EPS. On average, equities analysts predict that XPLR Infrastructure will post -1.41 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in XIFR. US Bancorp DE purchased a new position in XPLR Infrastructure in the third quarter worth about $28,000. Huntington National Bank raised its position in XPLR Infrastructure by 715.6% during the fourth quarter. Huntington National Bank now owns 3,075 shares of the solar energy provider’s stock valued at $31,000 after purchasing an additional 2,698 shares during the period. JPMorgan Chase & Co. bought a new stake in shares of XPLR Infrastructure in the 2nd quarter valued at approximately $55,000. CANADA LIFE ASSURANCE Co bought a new stake in shares of XPLR Infrastructure in the 2nd quarter valued at approximately $77,000. Finally, SG Americas Securities LLC bought a new stake in shares of XPLR Infrastructure in the 4th quarter valued at approximately $106,000. 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.