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

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

XIFR has been the subject of a number of other research reports. Barclays increased their price target on XPLR Infrastructure from $9.00 to $11.00 and gave the company an “underweight” rating in a report on Tuesday, August 12th. CIBC upped their target price on XPLR Infrastructure from $11.00 to $11.50 and gave the company 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, Jefferies Financial Group upped their price target on shares of XPLR Infrastructure from $13.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. One investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $13.85.

XPLR Infrastructure Trading Up 0.1%

Shares of XIFR opened at $10.24 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.72 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $962.59 million, a P/E ratio of -5.96 and a beta of 0.91. The stock’s fifty day simple moving average is $10.26 and its 200 day simple moving average is $9.38. XPLR Infrastructure has a twelve month low of $7.53 and a twelve month high of $21.15.

XPLR Infrastructure (NYSE:XIFR) last posted its quarterly earnings results on Thursday, August 7th. The solar energy provider reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.64. XPLR Infrastructure had a positive return on equity of 1.86% and a negative net margin of 12.94%.The firm had revenue of $342.00 million during the quarter, compared to the consensus estimate of $359.64 million. The business’s revenue for the quarter was down 5.0% on a year-over-year basis. On average, equities research analysts forecast that XPLR Infrastructure will post 2.33 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of XIFR. Steward Partners Investment Advisory LLC acquired a new position in shares of XPLR Infrastructure in the 2nd quarter valued at about $25,000. Future Financial Wealth Managment LLC acquired a new stake in XPLR Infrastructure during the third quarter worth about $55,000. JPMorgan Chase & Co. bought a new position in XPLR Infrastructure in the second quarter worth about $55,000. CANADA LIFE ASSURANCE Co acquired a new position in XPLR Infrastructure in the second quarter valued at approximately $77,000. Finally, MAI Capital Management acquired a new position in XPLR Infrastructure in the second quarter valued at approximately $94,000. 66.01% of the stock is currently owned by institutional investors.

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.