XPLR Infrastructure (NYSE:XIFR) Stock Rating Upgraded by Wall Street Zen

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

Other research analysts have also issued reports about the company. Canadian Imperial Bank of Commerce reissued a “neutral” rating and issued a $12.00 price objective on shares of XPLR Infrastructure in a research report on Friday, July 17th. Evercore set a $11.00 target price on XPLR Infrastructure in a research report on Monday, May 11th. Weiss Ratings raised XPLR Infrastructure from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 1st. Finally, Morgan Stanley lifted their target price on XPLR Infrastructure from $11.00 to $12.00 and gave the stock an “underweight” rating in a report on Wednesday, May 20th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, XPLR Infrastructure presently has a consensus rating of “Reduce” and a consensus target price of $12.17.

View Our Latest Analysis on XPLR Infrastructure

XPLR Infrastructure Stock Up 0.6%

Shares of NYSE XIFR opened at $12.62 on Friday. The company’s 50 day moving average price is $12.01 and its 200-day moving average price is $10.97. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.94 and a current ratio of 1.02. XPLR Infrastructure has a 52-week low of $8.68 and a 52-week high of $13.25. The company has a market capitalization of $1.19 billion, a P/E ratio of 11.58 and a beta of 0.94.

XPLR Infrastructure (NYSE:XIFRGet Free Report) last posted its quarterly earnings data on Thursday, May 7th. The solar energy provider reported $0.35 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.72). The firm had revenue of $275.00 million for the quarter. XPLR Infrastructure had a return on equity of 0.98% and a net margin of 8.81%.The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($1.05) EPS. Equities analysts forecast that XPLR Infrastructure will post -1.41 earnings per share for the current year.

Hedge Funds Weigh In On XPLR Infrastructure

Several institutional investors have recently made changes to their positions in the stock. Anchorage Capital Advisors L.P. boosted its position in shares of XPLR Infrastructure by 109.8% during the 4th 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 in the last quarter. Adage Capital Partners GP L.L.C. raised its stake in XPLR Infrastructure by 557.1% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 4,600,000 shares of the solar energy provider’s stock worth $46,000,000 after buying an additional 3,900,000 shares during the period. MUFG Securities EMEA plc acquired a new position in XPLR Infrastructure during the 2nd quarter worth approximately $16,400,000. Aventail Capital Group LP boosted its holdings in XPLR Infrastructure by 39.2% in the fourth quarter. Aventail Capital Group LP now owns 1,608,601 shares of the solar energy provider’s stock worth $16,086,000 after acquiring an additional 453,144 shares in the last quarter. Finally, Prescott Group Capital Management L.L.C. boosted its holdings in XPLR Infrastructure by 22.0% in the fourth quarter. Prescott Group Capital Management L.L.C. now owns 1,331,085 shares of the solar energy provider’s stock worth $13,311,000 after acquiring an additional 240,000 shares in the last quarter. Institutional investors and hedge funds own 66.01% of the company’s stock.

About XPLR Infrastructure

(Get Free Report)

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.

Further Reading

Analyst Recommendations for XPLR Infrastructure (NYSE:XIFR)

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