XPLR Infrastructure (NYSE:XIFR) Issues Quarterly Earnings Results

XPLR Infrastructure (NYSE:XIFR) released its earnings results on Thursday. The solar energy provider reported ($1.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($1.30), Briefing.com reports. XPLR Infrastructure had a negative net margin of 0.73% and a positive return on equity of 1.34%. During the same quarter last year, the company earned $0.75 EPS. The business’s quarterly revenue was up 9.7% on a year-over-year basis.

XPLR Infrastructure Price Performance

NYSE XIFR opened at $8.65 on Friday. The company has a market capitalization of $812.77 million, a PE ratio of -86.50 and a beta of 0.93. The firm’s 50 day moving average is $8.76 and its 200-day moving average is $13.27. The company has a quick ratio of 1.78, a current ratio of 2.02 and a debt-to-equity ratio of 0.37. XPLR Infrastructure has a 12-month low of $7.53 and a 12-month high of $35.15.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on XIFR. JPMorgan Chase & Co. cut their price objective on shares of XPLR Infrastructure from $22.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, January 23rd. Guggenheim cut their price target on XPLR Infrastructure from $17.00 to $12.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. BMO Capital Markets reaffirmed a “market perform” rating and set a $18.00 price objective (down from $26.00) on shares of XPLR Infrastructure in a research note on Monday, January 13th. Jefferies Financial Group cut their target price on XPLR Infrastructure from $25.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Finally, Barclays reduced their target price on XPLR Infrastructure from $7.00 to $6.00 and set an “underweight” rating on the stock in a report on Wednesday, April 16th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, XPLR Infrastructure has a consensus rating of “Hold” and an average target price of $18.43.

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.