XPLR Infrastructure (NYSE:XIFR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of XPLR Infrastructure (NYSE:XIFR) from a sell rating to a hold rating in a report released on Sunday morning.

XIFR has been the subject of a number of other research reports. Morgan Stanley boosted their price objective on shares of XPLR Infrastructure from $11.00 to $12.00 and gave the company an “underweight” rating in a report on Wednesday, May 20th. Evercore set a $11.00 target price on shares of XPLR Infrastructure in a report on Monday, May 11th. Weiss Ratings upgraded shares of XPLR Infrastructure from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 1st. Finally, Canadian Imperial Bank of Commerce reiterated a “neutral” rating and issued a $12.00 price target on shares of XPLR Infrastructure in a research note on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, XPLR Infrastructure has a consensus rating of “Reduce” and a consensus target price of $12.17.

XPLR Infrastructure Trading Down 6.2%

Shares of XPLR Infrastructure stock opened at $11.82 on Friday. The firm has a 50-day moving average of $12.03 and a 200-day moving average of $10.98. The stock has a market cap of $1.11 billion, a PE ratio of 10.85 and a beta of 0.94. XPLR Infrastructure has a 52-week low of $8.68 and a 52-week high of $13.25. 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 released its quarterly earnings results on Tuesday, July 28th. The solar energy provider reported $0.40 EPS for the quarter, beating the consensus estimate of ($0.50) by $0.90. XPLR Infrastructure had a net margin of 8.81% and a return on equity of 0.98%. The business had revenue of $363.00 million for the quarter. During the same quarter last year, the company posted $0.84 earnings per share. As a group, sell-side analysts forecast that XPLR Infrastructure will post -1.41 EPS for the current year.

Institutional Investors Weigh In On XPLR Infrastructure

A number of large investors have recently bought and sold shares of XIFR. JPMorgan Chase & Co. bought a new position in shares of XPLR Infrastructure in the 2nd quarter valued at $55,000. Legal & General Group Plc acquired a new position in shares of XPLR Infrastructure in the 2nd quarter worth approximately $830,000. Prudential Financial Inc. acquired a new position in shares of XPLR Infrastructure in the 2nd quarter worth approximately $119,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of XPLR Infrastructure in the 2nd quarter valued at $2,869,000. Finally, Invesco Ltd. bought a new stake in shares of XPLR Infrastructure in the 2nd quarter valued at $244,000. 66.01% of the stock is currently owned by institutional investors and hedge funds.

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.