Weiss Ratings Reaffirms “Sell (D)” Rating for XPLR Infrastructure (NYSE:XIFR)

XPLR Infrastructure (NYSE:XIFR)‘s stock had its “sell (d)” rating reiterated by equities researchers at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Other analysts have also issued research reports about the stock. Wall Street Zen lowered shares of XPLR Infrastructure from a “hold” rating to a “sell” rating in a research note on Saturday, August 16th. Barclays increased their target price on shares of XPLR Infrastructure from $9.00 to $11.00 and gave the company an “underweight” rating in a research report on Tuesday, August 12th. 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. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $16.18.

XPLR Infrastructure Stock Down 3.1%

Shares of NYSE:XIFR opened at $10.75 on Wednesday. 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 company has a fifty day simple moving average of $10.06 and a 200 day simple moving average of $9.27. The firm has a market cap of $1.01 billion, a PE ratio of -6.25 and a beta of 0.91. XPLR Infrastructure has a 12-month low of $7.53 and a 12-month high of $26.47.

XPLR Infrastructure (NYSE:XIFR) last issued its quarterly earnings results on Thursday, August 7th. The solar energy provider reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.64. The business 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 company’s revenue for the quarter was down 5.0% on a year-over-year basis. On average, equities research analysts anticipate that XPLR Infrastructure will post 2.33 EPS for the current fiscal year.

Institutional Trading of XPLR Infrastructure

A number of hedge funds have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC purchased a new stake in shares of XPLR Infrastructure in the second quarter worth approximately $25,000. JPMorgan Chase & Co. acquired a new stake in shares of XPLR Infrastructure during the 2nd quarter valued at about $55,000. CANADA LIFE ASSURANCE Co acquired a new stake in shares of XPLR Infrastructure during the 2nd quarter valued at about $77,000. MAI Capital Management acquired a new stake in shares of XPLR Infrastructure during the 2nd quarter valued at about $94,000. Finally, Headlands Technologies LLC acquired a new position in XPLR Infrastructure in the second quarter worth approximately $111,000. 66.01% of the stock is owned by hedge funds and other institutional investors.

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.