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

Weiss Ratings reaffirmed their sell (d) rating on shares of XPLR Infrastructure (NYSE:XIFR) in a report published on Friday morning,Weiss Ratings reports.

XIFR has been the subject of a number of other research reports. 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. Wall Street Zen upgraded XPLR Infrastructure from a “sell” rating to a “hold” rating in a report on Saturday, October 18th. CIBC boosted their target price on XPLR Infrastructure from $11.00 to $11.50 and gave the stock a “neutral” rating in a research note on Tuesday, October 21st. Finally, 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 research report on Wednesday, July 9th. One equities research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $13.85.

XPLR Infrastructure Price Performance

XIFR opened at $10.22 on Friday. The firm has a market capitalization of $959.90 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 current ratio of 0.77 and a quick ratio of 0.72. The business’s 50-day moving average is $10.26 and its two-hundred day moving average is $9.37. XPLR Infrastructure has a 1 year low of $7.53 and a 1 year high of $21.58.

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

Hedge Funds Weigh In On XPLR Infrastructure

Hedge funds have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC acquired a new stake in XPLR Infrastructure during the 2nd quarter worth about $25,000. Future Financial Wealth Managment LLC acquired a new position in shares of XPLR Infrastructure in the third quarter valued at about $55,000. JPMorgan Chase & Co. purchased a new position in shares of XPLR Infrastructure in the second quarter worth about $55,000. CANADA LIFE ASSURANCE Co purchased a new stake in XPLR Infrastructure in the second quarter valued at approximately $77,000. Finally, Apollon Wealth Management LLC acquired a new position in XPLR Infrastructure in the 3rd quarter worth approximately $104,000. 66.01% of the stock is 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.