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

Wall Street Zen upgraded shares of XPLR Infrastructure (NYSE:XIFR) from a sell rating to a hold rating in a research report sent to investors on Saturday.

Other equities research analysts have also recently issued research reports about the stock. Barclays lifted their price target on shares of XPLR Infrastructure from $10.00 to $12.00 and gave the stock an “underweight” rating in a research report on Thursday, February 12th. Weiss Ratings restated a “sell (d)” rating on shares of XPLR Infrastructure in a report on Wednesday, January 21st. Royal Bank Of Canada initiated coverage on shares of XPLR Infrastructure in a research note on Tuesday, January 6th. They issued an “outperform” rating and a $14.00 price objective on the stock. Evercore reaffirmed a “hold” rating and set a $10.80 target price on shares of XPLR Infrastructure in a report on Thursday, March 5th. Finally, Mizuho set a $12.00 target price on shares of XPLR Infrastructure in a research report on Wednesday, February 11th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $12.33.

XPLR Infrastructure Price Performance

XPLR Infrastructure stock opened at $10.29 on Friday. The business’s 50-day simple moving average is $10.30 and its 200 day simple moving average is $9.98. The stock has a market cap of $966.48 million, a price-to-earnings ratio of -33.18 and a beta of 1.01. XPLR Infrastructure has a 12-month low of $7.53 and a 12-month high of $11.43. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 0.50.

XPLR Infrastructure (NYSE:XIFR) last announced its quarterly earnings data on Tuesday, February 10th. The solar energy provider reported $0.30 earnings per share for the quarter, topping the consensus estimate of ($0.57) by $0.87. XPLR Infrastructure had a positive return on equity of 1.54% and a negative net margin of 2.27%.The company’s quarterly revenue was down 15.3% compared to the same quarter last year. As a group, research analysts anticipate that XPLR Infrastructure will post 2.33 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. US Bancorp DE bought a new stake in shares of XPLR Infrastructure during the third quarter worth $28,000. Huntington National Bank raised its holdings in shares of XPLR Infrastructure by 715.6% during 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. Steward Partners Investment Advisory LLC bought a new stake in XPLR Infrastructure in the 2nd quarter valued at $25,000. Future Financial Wealth Managment LLC bought a new stake in XPLR Infrastructure in the 3rd quarter valued at $55,000. Finally, JPMorgan Chase & Co. acquired a new position in XPLR Infrastructure in the 2nd quarter worth $55,000. Institutional investors and hedge funds own 66.01% of the company’s stock.

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.