XPLR Infrastructure’s (XIFR) “Sell (D)” Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their sell (d) rating on shares of XPLR Infrastructure (NYSE:XIFR) in a research note published on Wednesday,Weiss Ratings reports.

Several other equities analysts have also recently issued reports on XIFR. Jefferies Financial Group boosted their price target on shares of XPLR Infrastructure from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. Barclays raised their target price on shares of XPLR Infrastructure from $9.00 to $11.00 and gave the stock an “underweight” rating in a report on Tuesday, August 12th. Finally, Wall Street Zen downgraded shares of XPLR Infrastructure from a “hold” rating to a “sell” rating in a research report on Saturday, August 16th. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, XPLR Infrastructure currently has a consensus rating of “Reduce” and an average price target of $16.18.

XPLR Infrastructure Stock Down 4.8%

Shares of NYSE:XIFR opened at $10.22 on Wednesday. XPLR Infrastructure has a 52-week low of $7.53 and a 52-week high of $26.47. The firm has a fifty day moving average of $10.08 and a 200 day moving average of $9.27. The firm has a market capitalization of $960.37 million, a PE ratio of -5.94 and a beta of 0.91. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.72 and a current ratio of 0.77.

XPLR Infrastructure (NYSE:XIFR) last announced its earnings results on Thursday, August 7th. The solar energy provider reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.64. The company had revenue of $342.00 million during the quarter, compared to analyst estimates of $359.64 million. XPLR Infrastructure had a negative net margin of 12.94% and a positive return on equity of 1.86%. The firm’s revenue for the quarter was down 5.0% compared to the same quarter last year. As a group, research analysts anticipate that XPLR Infrastructure will post 2.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of XIFR. Nomura Holdings Inc. bought a new position in shares of XPLR Infrastructure during the 2nd quarter worth approximately $46,948,000. Apollo Management Holdings L.P. purchased a new stake in shares of XPLR Infrastructure in the 2nd quarter valued at $40,853,000. MUFG Securities EMEA plc purchased a new stake in shares of XPLR Infrastructure in the 2nd quarter valued at $16,400,000. Ardsley Advisory Partners LP purchased a new stake in XPLR Infrastructure during the second quarter worth $5,986,000. Finally, Qube Research & Technologies Ltd acquired a new position in XPLR Infrastructure during the second quarter worth $4,220,000. Institutional investors own 66.01% of the company’s stock.

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.