XPLR Infrastructure (NYSE:XIFR) Cut to “Sell” at Wall Street Zen

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

Several other research analysts have also recently weighed in on the company. Canadian Imperial Bank of Commerce reiterated a “neutral” rating and set a $12.00 price objective on shares of XPLR Infrastructure in a research report on Friday. Evercore set a $11.00 price target 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, Morgan Stanley boosted 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. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $12.17.

XPLR Infrastructure Stock Performance

Shares of XPLR Infrastructure stock opened at $12.11 on Friday. XPLR Infrastructure has a 12 month low of $8.68 and a 12 month high of $13.25. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $1.14 billion, a PE ratio of 11.11 and a beta of 0.94. The stock’s fifty day simple moving average is $11.91 and its 200 day simple moving average is $10.90.

XPLR Infrastructure (NYSE:XIFR) last posted its quarterly earnings data on Thursday, May 7th. The solar energy provider reported $0.35 earnings per share (EPS) 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 firm had revenue of $275.00 million for the quarter. During the same period in the previous year, the firm posted ($1.05) EPS. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. On average, research analysts predict that XPLR Infrastructure will post -1.34 EPS for the current year.

Institutional Trading of XPLR Infrastructure

Hedge funds have recently made changes to their positions in the stock. US Bancorp DE purchased a new position in shares of XPLR Infrastructure in the third quarter valued at about $28,000. Huntington National Bank grew its stake in 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 purchasing an additional 2,698 shares during the period. JPMorgan Chase & Co. bought a new position in shares of XPLR Infrastructure in the 2nd quarter worth about $55,000. CANADA LIFE ASSURANCE Co bought a new position in shares of XPLR Infrastructure during the second quarter valued at approximately $77,000. Finally, SG Americas Securities LLC purchased a new position in XPLR Infrastructure during the fourth quarter valued at $106,000. 66.01% of the stock is owned by institutional investors.

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.