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

Key Points

• Wall Street Zen upgraded XPLR Infrastructure from “sell” to “hold,” adding to a mixed analyst picture that now includes two Buy ratings, three Hold ratings, and three Sell ratings.
• The stock was up 2.7% and opened at $11.72, near its 12-month high of $12.40, while still trading above both its 50-day and 200-day moving averages.
• XPLR Infrastructure reported Q1 EPS of $0.35, well below the $1.07 consensus estimate, even as revenue came in at $275 million; analysts now expect the company to post -0.67 EPS for the full year.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

A number of other research analysts have also recently commented on XIFR. Weiss Ratings restated a "sell (d)" rating on shares of XPLR Infrastructure in a report on Monday, April 20th. Canadian Imperial Bank of Commerce cut their price target on shares of XPLR Infrastructure from $11.50 to $11.00 and set a "neutral" rating on the stock in a report on Monday, April 20th. Mizuho set a $12.00 price target on shares of XPLR Infrastructure in a report on Wednesday, February 11th. Evercore restated a "hold" rating and issued a $10.80 price target on shares of XPLR Infrastructure in a report on Thursday, March 5th. Finally, Morgan Stanley increased their target price on shares of XPLR Infrastructure from $10.00 to $11.00 and gave the stock an "underweight" rating in a report on Tuesday, April 7th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Reduce" and an average price target of $12.40.

XPLR Infrastructure Trading Up 2.7%

NYSE XIFR opened at $11.72 on Friday. The company's 50-day moving average price is $10.35 and its 200-day moving average price is $9.99. The company has a current ratio of 0.91, a quick ratio of 0.84 and a debt-to-equity ratio of 0.50. The stock has a market cap of $1.11 billion, a PE ratio of 10.76 and a beta of 0.89. XPLR Infrastructure has a 12 month low of $7.99 and a 12 month high of $12.40.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The solar energy provider reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $1.07 by ($0.72). The company had revenue of $275.00 million during the quarter. XPLR Infrastructure had a return on equity of 0.97% and a net margin of 8.81%.The company's revenue was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.05) EPS. Equities research analysts forecast that XPLR Infrastructure will post -0.67 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XIFR. DekaBank Deutsche Girozentrale purchased a new stake in shares of XPLR Infrastructure during the third quarter valued at about $1,299,000. JPMorgan Chase & Co. lifted its position in shares of XPLR Infrastructure by 4,489.8% during the third quarter. JPMorgan Chase & Co. now owns 308,021 shares of the solar energy provider's stock valued at $3,133,000 after buying an additional 301,310 shares during the last quarter. Anchorage Capital Advisors L.P. purchased a new stake in shares of XPLR Infrastructure during the third quarter valued at about $33,443,000. Aberdeen Group plc purchased a new stake in shares of XPLR Infrastructure during the third quarter valued at about $7,044,000. Finally, ING Groep NV purchased a new stake in shares of XPLR Infrastructure during the third quarter valued at about $20,340,000. 66.01% of the stock is currently owned by institutional investors.

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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