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

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

Several other analysts also recently weighed in on the stock. Evercore set a $11.00 target price on shares of XPLR Infrastructure in a research report on Monday, May 11th. Weiss Ratings raised shares of XPLR Infrastructure from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 1st. Morgan Stanley lifted their price objective on shares of XPLR Infrastructure from $11.00 to $12.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 20th. Finally, 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. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $12.17.

XPLR Infrastructure Trading Down 1.5%

Shares of NYSE:XIFR opened at $11.99 on Friday. The business’s 50-day moving average is $11.91 and its 200 day moving average is $10.87. 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 has a market capitalization of $1.13 billion, a P/E ratio of 11.00 and a beta of 0.94.

XPLR Infrastructure (NYSE:XIFR) last issued its quarterly 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). XPLR Infrastructure had a return on equity of 0.98% and a net margin of 8.81%.The business had revenue of $275.00 million for the quarter. During the same quarter last year, the firm earned ($1.05) EPS. The business’s revenue was down 2.5% on a year-over-year basis. On average, research analysts predict that XPLR Infrastructure will post -1.34 earnings per share for the current fiscal year.

Hedge Funds Weigh In On XPLR Infrastructure

Hedge funds and other institutional investors have recently bought and sold shares of the business. US Bancorp DE purchased a new position in XPLR Infrastructure during the 3rd quarter worth approximately $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 period. JPMorgan Chase & Co. acquired a new stake in shares of XPLR Infrastructure in the second quarter worth $55,000. CANADA LIFE ASSURANCE Co purchased a new position in shares of XPLR Infrastructure during the second quarter worth $77,000. Finally, SG Americas Securities LLC purchased a new position in shares of XPLR Infrastructure during the fourth quarter worth $106,000. Institutional investors and hedge funds 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.