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

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

Other equities research analysts also recently issued research reports about the company. Evercore reiterated a “hold” rating and issued a $10.80 price objective on shares of XPLR Infrastructure in a report on Thursday, March 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of XPLR Infrastructure in a report on Wednesday, January 21st. Barclays boosted their price objective on XPLR Infrastructure from $10.00 to $12.00 and gave the company an “underweight” rating in a report on Thursday, February 12th. Morgan Stanley boosted their price objective on XPLR Infrastructure from $10.00 to $11.00 and gave the company an “underweight” rating in a report on Tuesday, April 7th. Finally, Mizuho set a $12.00 price objective on XPLR Infrastructure in a report on Wednesday, February 11th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, XPLR Infrastructure currently has a consensus rating of “Reduce” and an average price target of $12.40.

XPLR Infrastructure Price Performance

NYSE:XIFR opened at $10.02 on Friday. XPLR Infrastructure has a 52 week low of $7.92 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 company has a market capitalization of $944.31 million, a P/E ratio of -32.31 and a beta of 0.97. The stock’s fifty day moving average is $10.42 and its two-hundred day moving average is $10.01.

XPLR Infrastructure (NYSE:XIFR) last posted its quarterly earnings data on Tuesday, February 10th. The solar energy provider reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.57) by $0.87. The firm had revenue of $249.00 million for the quarter. XPLR Infrastructure had a positive return on equity of 1.54% and a negative net margin of 2.27%.The company’s revenue was down 15.3% on a year-over-year basis. Equities analysts expect that XPLR Infrastructure will post -0.67 EPS for the current year.

Institutional Investors Weigh In On XPLR Infrastructure

Several large investors have recently bought and sold shares of the stock. 180 Wealth Advisors LLC increased its holdings in XPLR Infrastructure by 3.2% during the 4th quarter. 180 Wealth Advisors LLC now owns 32,861 shares of the solar energy provider’s stock worth $329,000 after purchasing an additional 1,014 shares during the period. Stifel Financial Corp increased its holdings in shares of XPLR Infrastructure by 7.7% in the 4th quarter. Stifel Financial Corp now owns 22,786 shares of the solar energy provider’s stock valued at $228,000 after acquiring an additional 1,637 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of XPLR Infrastructure by 8.4% in the 4th quarter. Deutsche Bank AG now owns 27,521 shares of the solar energy provider’s stock valued at $275,000 after acquiring an additional 2,125 shares during the last quarter. Central Pacific Bank Trust Division increased its holdings in shares of XPLR Infrastructure by 14.7% in the 4th quarter. Central Pacific Bank Trust Division now owns 19,500 shares of the solar energy provider’s stock valued at $195,000 after acquiring an additional 2,500 shares during the last quarter. Finally, Huntington National Bank increased its holdings in shares of XPLR Infrastructure by 715.6% in the 4th quarter. Huntington National Bank now owns 3,075 shares of the solar energy provider’s stock valued at $31,000 after acquiring an additional 2,698 shares during the last quarter. Hedge funds and other 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.