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

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

Other equities analysts also recently issued reports about the stock. Evercore reissued a “hold” rating and set a $10.80 target price on shares of XPLR Infrastructure in a research report on Thursday, March 5th. Mizuho set a $12.00 price target on XPLR Infrastructure in a research report on Wednesday, February 11th. Morgan Stanley decreased their price target on XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Tuesday, December 2nd. Royal Bank Of Canada began coverage on XPLR Infrastructure in a report on Tuesday, January 6th. They set an “outperform” rating and a $14.00 price objective on the stock. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of XPLR Infrastructure in a research note on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $12.33.

XPLR Infrastructure Price Performance

Shares of XIFR opened at $10.29 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.84 and a current ratio of 0.91. The firm has a market cap of $966.48 million, a PE ratio of -33.18 and a beta of 1.01. The firm’s 50 day moving average price is $10.30 and its 200 day moving average price is $9.98. XPLR Infrastructure has a twelve month low of $7.53 and a twelve month high of $11.43.

XPLR Infrastructure (NYSE:XIFR) last posted its earnings results on Tuesday, February 10th. The solar energy provider reported $0.30 EPS for the quarter, topping the consensus estimate 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 quarterly revenue was down 15.3% compared to the same quarter last year. As a group, research analysts expect that XPLR Infrastructure will post 2.33 EPS for the current fiscal year.

Hedge Funds Weigh In On XPLR Infrastructure

Large investors have recently made changes to their positions in the business. US Bancorp DE bought a new position in XPLR Infrastructure in the third quarter worth $28,000. Huntington National Bank increased its holdings in XPLR Infrastructure by 715.6% in the 4th quarter. Huntington National Bank now owns 3,075 shares of the solar energy provider’s stock valued at $31,000 after buying an additional 2,698 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in shares of XPLR Infrastructure in the 2nd quarter valued at $25,000. Future Financial Wealth Managment LLC acquired a new position in shares of XPLR Infrastructure in the 3rd quarter valued at $55,000. Finally, JPMorgan Chase & Co. bought a new position in shares of XPLR Infrastructure during the 2nd quarter worth about $55,000. Institutional investors and hedge funds own 66.01% of the company’s stock.

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.