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

Wall Street Zen cut shares of XPLR Infrastructure (NYSE:XIFR) from a hold rating to a sell rating in a research note issued to investors on Saturday.

Several other research analysts have also issued reports on XIFR. Evercore reiterated a “hold” rating and issued a $10.80 target price on shares of XPLR Infrastructure in a research report on Thursday, March 5th. Royal Bank Of Canada started coverage on shares of XPLR Infrastructure in a research report on Tuesday, January 6th. They set an “outperform” rating and a $14.00 price target for the company. Morgan Stanley upped their price target on shares of XPLR Infrastructure from $10.00 to $11.00 and gave the company an “underweight” rating in a research report on Tuesday, April 7th. Barclays upped their price target on shares of XPLR Infrastructure from $10.00 to $12.00 and gave the company an “underweight” rating in a research report on Thursday, February 12th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of XPLR Infrastructure in a research report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $12.47.

XPLR Infrastructure Stock Up 0.2%

Shares of NYSE:XIFR opened at $10.17 on Friday. XPLR Infrastructure has a 52-week low of $7.92 and a 52-week high of $11.43. The firm has a fifty day moving average of $10.42 and a 200 day moving average of $10.02. The firm has a market capitalization of $958.46 million, a PE ratio of -32.79 and a beta of 0.97. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.84 and a current ratio of 0.91.

XPLR Infrastructure (NYSE:XIFR) last announced its earnings results on Tuesday, February 10th. The solar energy provider reported $0.30 earnings per share (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%. The company had revenue of $249.00 million during the quarter. The company’s revenue was down 15.3% compared to the same quarter last year. As a group, research analysts anticipate that XPLR Infrastructure will post 2.33 EPS for the current fiscal year.

Institutional Trading of XPLR Infrastructure

Several institutional investors have recently added to or reduced their stakes in XIFR. Adage Capital Partners GP L.L.C. boosted its position in 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 buying an additional 3,900,000 shares during the period. Anchorage Capital Advisors L.P. boosted its holdings 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 worth $68,993,000 after purchasing an additional 3,610,961 shares during the period. ING Groep NV purchased a new stake in shares of XPLR Infrastructure during the third quarter worth about $20,340,000. MUFG Securities EMEA plc purchased a new stake in shares of XPLR Infrastructure during the second quarter worth about $16,400,000. Finally, Aventail Capital Group LP purchased a new stake in shares of XPLR Infrastructure during the third quarter worth about $11,751,000. 66.01% of the stock is currently owned by hedge funds and other institutional investors.

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.