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

XPLR Infrastructure (NYSE:XIFR - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Sunday.

XIFR has been the topic of a number of other research reports. Weiss Ratings restated a "sell (d)" rating on shares of XPLR Infrastructure in a research note on Friday. Jefferies Financial Group boosted their price objective on XPLR Infrastructure from $13.00 to $16.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Barclays boosted their price target on XPLR Infrastructure from $9.00 to $11.00 and gave the stock an "underweight" rating in a research note on Tuesday, August 12th. Finally, CIBC boosted their price target on XPLR Infrastructure from $11.00 to $11.50 and gave the stock a "neutral" rating in a research note on Tuesday, October 21st. One equities research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, XPLR Infrastructure presently has a consensus rating of "Reduce" and an average price target of $13.85.

XPLR Infrastructure Stock Performance

XPLR Infrastructure stock opened at $10.22 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.72 and a current ratio of 0.77. The stock has a fifty day moving average of $10.26 and a two-hundred day moving average of $9.36. The company has a market capitalization of $959.90 million, a price-to-earnings ratio of -5.94 and a beta of 0.91. XPLR Infrastructure has a fifty-two week low of $7.53 and a fifty-two week high of $21.58.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The solar energy provider reported $0.84 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.64. The business had revenue of $342.00 million during the quarter, compared to the consensus estimate of $359.64 million. XPLR Infrastructure had a positive return on equity of 1.86% and a negative net margin of 12.94%.The company's quarterly revenue was down 5.0% on a year-over-year basis. On average, analysts anticipate that XPLR Infrastructure will post 2.33 EPS for the current fiscal year.

Institutional Trading of XPLR Infrastructure

A number of hedge funds have recently modified their holdings of the business. Steward Partners Investment Advisory LLC purchased a new stake in shares of XPLR Infrastructure during the second quarter worth $25,000. Future Financial Wealth Managment LLC acquired a new position in XPLR Infrastructure during the third quarter worth $55,000. JPMorgan Chase & Co. acquired a new position in XPLR Infrastructure during the second quarter worth $55,000. CANADA LIFE ASSURANCE Co acquired a new position in XPLR Infrastructure during the second quarter worth $77,000. Finally, Apollon Wealth Management LLC acquired a new position in XPLR Infrastructure during the third quarter worth $104,000. Hedge funds and other institutional investors 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.

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