Mizuho Cuts XPLR Infrastructure (NYSE:XIFR) Price Target to $12.00

XPLR Infrastructure (NYSE:XIFR - Free Report) had its price target reduced by Mizuho from $15.00 to $12.00 in a research report released on Monday,Benzinga reports. They currently have a neutral rating on the solar energy provider's stock.

XIFR has been the topic of a number of other reports. Barclays lifted their price objective on shares of XPLR Infrastructure from $6.00 to $9.00 and gave the stock an "underweight" rating in a report on Monday, May 12th. BNP Paribas upgraded XPLR Infrastructure from an "underperform" rating to a "neutral" rating in a research note on Monday, February 3rd. BMO Capital Markets reiterated a "market perform" rating and set a $18.00 price target (down from $26.00) on shares of XPLR Infrastructure in a research report on Monday, January 13th. Wells Fargo & Company decreased their price objective on shares of XPLR Infrastructure from $33.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 29th. Finally, Morgan Stanley reaffirmed an "underweight" rating and issued a $13.00 target price (down previously from $22.00) on shares of XPLR Infrastructure in a research note on Monday, February 3rd. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $17.64.

XPLR Infrastructure Trading Up 1.9%

Shares of NYSE:XIFR traded up $0.18 during mid-day trading on Monday, hitting $9.77. The company had a trading volume of 827,616 shares, compared to its average volume of 2,700,862. The company has a market capitalization of $918.01 million, a PE ratio of -97.70 and a beta of 0.93. The firm has a fifty day moving average price of $8.85 and a 200 day moving average price of $12.78. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.02 and a quick ratio of 1.78. XPLR Infrastructure has a one year low of $7.53 and a one year high of $35.15.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The solar energy provider reported ($1.05) EPS for the quarter, missing analysts' consensus estimates of $0.25 by ($1.30). XPLR Infrastructure had a negative net margin of 0.73% and a positive return on equity of 1.34%. The business's revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.75 EPS. As a group, research analysts forecast that XPLR Infrastructure will post 2.33 EPS for the current year.

Hedge Funds Weigh In On XPLR Infrastructure

A number of institutional investors have recently added to or reduced their stakes in XIFR. Barclays PLC increased its holdings in shares of XPLR Infrastructure by 41.1% during the third quarter. Barclays PLC now owns 21,315 shares of the solar energy provider's stock valued at $589,000 after acquiring an additional 6,205 shares in the last quarter. Franklin Resources Inc. boosted its position in XPLR Infrastructure by 89.4% in the third quarter. Franklin Resources Inc. now owns 78,930 shares of the solar energy provider's stock worth $2,049,000 after purchasing an additional 37,265 shares during the last quarter. FNY Investment Advisers LLC lifted its position in shares of XPLR Infrastructure by 309.6% during the 4th quarter. FNY Investment Advisers LLC now owns 23,022 shares of the solar energy provider's stock valued at $409,000 after buying an additional 17,402 shares in the last quarter. 180 Wealth Advisors LLC purchased a new position in shares of XPLR Infrastructure during the 4th quarter valued at about $368,000. Finally, SeaCrest Wealth Management LLC purchased a new position in XPLR Infrastructure in the 4th quarter worth approximately $219,000. Institutional investors own 66.01% of the company's stock.

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.