XPLR Infrastructure (NYSE:XIFR) Stock Rating Lowered by 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 report released on Saturday.

XIFR has been the topic of several other reports. Mizuho decreased their target price on shares of XPLR Infrastructure from $15.00 to $12.00 and set a “neutral” rating on the stock in a research report on Monday, May 12th. Jefferies Financial Group upped their target price on XPLR Infrastructure from $13.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Finally, Barclays upped their target price on XPLR Infrastructure from $9.00 to $11.00 and gave the company an “underweight” rating in a report on Tuesday. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $16.92.

XPLR Infrastructure Price Performance

Shares of NYSE XIFR opened at $9.92 on Friday. The company has a current ratio of 0.77, a quick ratio of 1.76 and a debt-to-equity ratio of 0.50. XPLR Infrastructure has a twelve month low of $7.53 and a twelve month high of $28.25. The stock has a 50 day moving average of $9.01 and a two-hundred day moving average of $8.95. The stock has a market cap of $932.14 million, a P/E ratio of -5.77 and a beta of 0.86.

XPLR Infrastructure (NYSE:XIFR) last released its 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. The business had revenue of $342.00 million for the quarter, compared to analyst estimates of $359.64 million. XPLR Infrastructure had a positive return on equity of 1.86% and a negative net margin of 12.94%. The business’s revenue was down 5.0% on a year-over-year basis. On average, research analysts forecast that XPLR Infrastructure will post 2.33 earnings per share for the current year.

Institutional Investors Weigh In On XPLR Infrastructure

Hedge funds have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC bought a new stake in shares of XPLR Infrastructure in the 2nd quarter worth about $25,000. JPMorgan Chase & Co. bought a new stake in shares of XPLR Infrastructure in the 2nd quarter worth about $55,000. CANADA LIFE ASSURANCE Co bought a new stake in shares of XPLR Infrastructure in the 2nd quarter worth about $77,000. MAI Capital Management bought a new stake in shares of XPLR Infrastructure in the 2nd quarter worth about $94,000. Finally, Prudential Financial Inc. bought a new stake in shares of XPLR Infrastructure in the 2nd quarter worth about $119,000. Institutional investors and hedge funds 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.