XPLR Infrastructure (NYSE:XIFR) Upgraded to Hold at Wall Street Zen

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

Several other research firms also recently weighed in on XIFR. Royal Bank Of Canada began coverage on XPLR Infrastructure in a research report on Tuesday, January 6th. They issued an “outperform” rating and a $14.00 target price for the company. Mizuho set a $12.00 price objective on shares of XPLR Infrastructure in a report on Wednesday. Canadian Imperial Bank of Commerce increased their target price on shares of XPLR Infrastructure from $11.00 to $11.50 and gave the stock a “neutral” rating in a report on Tuesday, October 21st. Barclays upped their price objective on XPLR Infrastructure from $10.00 to $12.00 and gave the stock an “underweight” rating in a research report on Thursday. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of XPLR Infrastructure in a report on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $12.58.

XPLR Infrastructure Stock Up 0.9%

Shares of NYSE:XIFR opened at $10.75 on Friday. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of -34.66 and a beta of 1.02. XPLR Infrastructure has a 12-month low of $7.53 and a 12-month high of $11.43. The business has a 50-day moving average price of $9.87 and a 200 day moving average price of $9.87. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.44.

XPLR Infrastructure (NYSE:XIFR) last announced its earnings results on Tuesday, February 10th. The solar energy provider reported $0.30 earnings per share for the quarter, topping the consensus estimate of ($0.57) by $0.87. The company had revenue of $249.00 million during the quarter. XPLR Infrastructure had a negative net margin of 2.27% and a positive return on equity of 1.52%. The firm’s revenue was down 15.3% compared to the same quarter last year. Sell-side analysts expect that XPLR Infrastructure will post 2.33 EPS for the current year.

Institutional Investors Weigh In On XPLR Infrastructure

Several large investors have recently modified their holdings of XIFR. Abundance Wealth Counselors acquired a new stake in XPLR Infrastructure in the third quarter valued at about $1,112,000. GraniteShares Advisors LLC purchased a new stake in shares of XPLR Infrastructure in the third quarter valued at approximately $1,763,000. DekaBank Deutsche Girozentrale acquired a new position in XPLR Infrastructure during the third quarter worth $1,299,000. Apollo Management Holdings L.P. purchased a new position in XPLR Infrastructure in the second quarter worth $40,853,000. Finally, ING Groep NV acquired a new stake in XPLR Infrastructure in the third quarter valued at $20,340,000. 66.01% of the stock is owned by institutional investors and hedge funds.

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.