XPLR Infrastructure (NYSE:XIFR) Rating Lowered to Sell at Wall Street Zen

XPLR Infrastructure (NYSE:XIFR) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

A number of other brokerages have also commented on XIFR. CIBC raised their price objective on XPLR Infrastructure from $11.00 to $11.50 and gave the stock a “neutral” rating in a research report on Tuesday, October 21st. Weiss Ratings reissued a “sell (d)” rating on shares of XPLR Infrastructure in a research report on Wednesday, October 8th. Finally, Barclays cut their price target on XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating for the company in a report on Thursday, November 6th. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $13.75.

XPLR Infrastructure Price Performance

Shares of NYSE XIFR opened at $9.40 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.75 and a quick ratio of 0.69. XPLR Infrastructure has a 1-year low of $7.53 and a 1-year high of $20.02. The business’s fifty day moving average price is $10.07 and its two-hundred day moving average price is $9.49. The firm has a market capitalization of $883.60 million, a PE ratio of -5.56 and a beta of 0.94.

XPLR Infrastructure (NYSE:XIFR) last posted its earnings results on Tuesday, November 4th. The solar energy provider reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.30). XPLR Infrastructure had a positive return on equity of 2.01% and a negative net margin of 12.73%.The firm had revenue of $315.00 million during the quarter, compared to the consensus estimate of $331.56 million. The business’s revenue for the quarter was down 1.3% on a year-over-year basis. On average, research analysts expect that XPLR Infrastructure will post 2.33 EPS for the current year.

Hedge Funds Weigh In On XPLR Infrastructure

Institutional investors have recently modified their holdings of the business. US Bancorp DE bought a new stake in XPLR Infrastructure during the 3rd quarter worth about $28,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of XPLR Infrastructure in the second quarter valued at about $25,000. Arrowstreet Capital Limited Partnership increased its holdings in XPLR Infrastructure by 1.2% in the third quarter. Arrowstreet Capital Limited Partnership now owns 354,034 shares of the solar energy provider’s stock worth $3,601,000 after purchasing an additional 4,193 shares in the last quarter. Future Financial Wealth Managment LLC bought a new position in XPLR Infrastructure in the third quarter worth approximately $55,000. Finally, JPMorgan Chase & Co. bought a new position in shares of XPLR Infrastructure in the second quarter valued at approximately $55,000. Institutional investors 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.