XPLR Infrastructure (NYSE:XIFR) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen cut shares of XPLR Infrastructure (NYSE:XIFR) from a hold rating to a sell rating in a report released on Sunday morning.

Several other research firms also recently commented on XIFR. Morgan Stanley upped their price objective on shares of XPLR Infrastructure from $10.00 to $11.00 and gave the company an “underweight” rating in a report on Tuesday, April 7th. Evercore set a $11.00 price objective on shares of XPLR Infrastructure in a report on Monday, May 11th. Barclays upped their price objective on shares of XPLR Infrastructure from $10.00 to $12.00 and gave the company an “underweight” rating in a report on Thursday, February 12th. Mizuho set a $12.00 price target on shares of XPLR Infrastructure in a research note on Wednesday, February 11th. Finally, Canadian Imperial Bank of Commerce decreased their price target on shares of XPLR Infrastructure from $11.50 to $11.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $12.43.

XPLR Infrastructure Price Performance

NYSE:XIFR opened at $11.08 on Friday. XPLR Infrastructure has a one year low of $7.99 and a one year high of $12.61. The company has a market cap of $1.04 billion, a P/E ratio of 10.17 and a beta of 0.89. The firm’s fifty day moving average price is $10.49 and its two-hundred day moving average price is $10.05. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 0.94.

XPLR Infrastructure (NYSE:XIFR) last released its quarterly earnings data on Thursday, May 7th. The solar energy provider reported $0.35 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.72). XPLR Infrastructure had a net margin of 8.81% and a return on equity of 0.98%. The company had revenue of $275.00 million during the quarter. During the same quarter in the prior year, the company posted ($1.05) EPS. XPLR Infrastructure’s revenue was down 2.5% on a year-over-year basis. Equities analysts expect that XPLR Infrastructure will post -0.67 earnings per share for the current year.

Hedge Funds Weigh In On XPLR Infrastructure

Several institutional investors and hedge funds have recently modified their holdings of the business. 180 Wealth Advisors LLC grew its stake in shares of XPLR Infrastructure by 3.2% in the fourth quarter. 180 Wealth Advisors LLC now owns 32,861 shares of the solar energy provider’s stock valued at $329,000 after acquiring an additional 1,014 shares in the last quarter. Stifel Financial Corp grew its stake in shares of XPLR Infrastructure by 7.7% in the fourth 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 in the last quarter. Deutsche Bank AG grew its stake in shares of XPLR Infrastructure by 8.4% in the fourth 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 in the last quarter. Central Pacific Bank Trust Division lifted its position in XPLR Infrastructure by 14.7% during the fourth quarter. Central Pacific Bank Trust Division now owns 19,500 shares of the solar energy provider’s stock worth $195,000 after purchasing an additional 2,500 shares during the period. Finally, Kestra Advisory Services LLC lifted its position in XPLR Infrastructure by 7.3% during the first quarter. Kestra Advisory Services LLC now owns 38,493 shares of the solar energy provider’s stock worth $409,000 after purchasing an additional 2,616 shares during the period. 66.01% of the stock is currently owned by institutional investors and hedge funds.

About XPLR Infrastructure

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.