XPLR Infrastructure (NYSE:XIFR) Downgraded to Sell Rating by Wall Street Zen

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

Several other brokerages have also recently issued reports on XIFR. Mizuho set a $12.00 price objective on shares of XPLR Infrastructure in a research note on Wednesday, February 11th. Weiss Ratings reissued a “sell (d)” rating on shares of XPLR Infrastructure in a research report on Wednesday, January 21st. Barclays upped their price target on XPLR Infrastructure from $10.00 to $12.00 and gave the stock an “underweight” rating in a research note on Thursday, February 12th. Royal Bank Of Canada initiated coverage on XPLR Infrastructure in a research note on Tuesday, January 6th. They issued an “outperform” rating and a $14.00 price objective on the stock. Finally, Morgan Stanley decreased their target price on XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating for the company in a report on Tuesday, December 2nd. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $12.58.

XPLR Infrastructure Trading Up 3.0%

NYSE XIFR opened at $10.61 on Friday. The company has a market cap of $996.65 million, a P/E ratio of -34.21 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 company has a debt-to-equity ratio of 0.50, a current ratio of 0.91 and a quick ratio of 0.69. The company has a 50-day moving average of $10.04 and a 200-day moving average of $9.91.

XPLR Infrastructure (NYSE:XIFR) last released its earnings results on Tuesday, February 10th. The solar energy provider reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.57) by $0.87. XPLR Infrastructure had a negative net margin of 2.27% and a positive return on equity of 1.54%. XPLR Infrastructure’s revenue was down 15.3% on a year-over-year basis. As a group, equities analysts predict that XPLR Infrastructure will post 2.33 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Nomura Holdings Inc. acquired a new stake in XPLR Infrastructure during the 2nd quarter valued at $46,948,000. Apollo Management Holdings L.P. purchased a new position in XPLR Infrastructure in the 2nd quarter valued at about $40,853,000. Adage Capital Partners GP L.L.C. grew its stake in shares of XPLR Infrastructure by 557.1% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 4,600,000 shares of the solar energy provider’s stock valued at $46,000,000 after acquiring an additional 3,900,000 shares in the last quarter. Anchorage Capital Advisors L.P. grew its stake in shares of XPLR Infrastructure by 109.8% during the fourth quarter. Anchorage Capital Advisors L.P. now owns 6,899,310 shares of the solar energy provider’s stock valued at $68,993,000 after acquiring an additional 3,610,961 shares in the last quarter. Finally, ING Groep NV purchased a new stake in shares of XPLR Infrastructure during the third quarter worth about $20,340,000. 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.