Wall Street Zen Downgrades XPLR Infrastructure (NYSE:XIFR) to Sell

XPLR Infrastructure (NYSE:XIFR) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Sunday.

Other research analysts have also recently issued research reports about the company. Mizuho set a $12.00 price target on XPLR Infrastructure in a research note on Wednesday, February 11th. Morgan Stanley reduced their price objective on shares of XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating for the company in a report on Tuesday, December 2nd. Royal Bank Of Canada started coverage on shares of XPLR Infrastructure in a research report on Tuesday, January 6th. They set an “outperform” rating and a $14.00 price target on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of XPLR Infrastructure in a report on Wednesday, January 21st. Finally, Barclays boosted their target price on XPLR Infrastructure from $10.00 to $12.00 and gave the stock an “underweight” rating in a report on Thursday, February 12th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $12.58.

XPLR Infrastructure Trading Up 0.4%

XPLR Infrastructure stock opened at $10.67 on Friday. XPLR Infrastructure has a 52-week low of $7.53 and a 52-week 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. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of -34.40 and a beta of 1.02. The firm has a 50-day moving average price of $10.07 and a two-hundred day moving average price of $9.93.

XPLR Infrastructure (NYSE:XIFR) last released its quarterly earnings results on Tuesday, February 10th. The solar energy provider reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates 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. Sell-side analysts expect that XPLR Infrastructure will post 2.33 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Anchorage Capital Advisors L.P. raised its holdings in shares of XPLR Infrastructure by 109.8% during the fourth quarter. Anchorage Capital Advisors L.P. now owns 6,899,310 shares of the solar energy provider’s stock worth $68,993,000 after acquiring an additional 3,610,961 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in shares of XPLR Infrastructure during the 2nd quarter valued at about $46,948,000. Apollo Management Holdings L.P. bought a new stake in shares of XPLR Infrastructure in the 2nd quarter valued at approximately $40,853,000. Adage Capital Partners GP L.L.C. increased its holdings in XPLR Infrastructure by 557.1% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 4,600,000 shares of the solar energy provider’s stock worth $46,000,000 after buying an additional 3,900,000 shares during the last quarter. Finally, ING Groep NV bought a new position in XPLR Infrastructure during the third quarter valued at approximately $20,340,000. 66.01% of the stock is owned by hedge funds and other 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.