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

Key Points

• Analysts at Wall Street Zen have downgraded XPLR Infrastructure (NYSE:XIFR) from a "hold" rating to a "sell" rating.
• Mizuho and Barclays have also lowered their target prices for XIFR, with Mizuho setting a target of $12.00 and Barclays at $11.00.
• Despite the downgrade, XPLR Infrastructure reported strong earnings, with an EPS of $0.84 for the last quarter, surpassing analysts' expectations.

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

Other analysts have also issued reports about the stock. Jefferies Financial Group raised their price target on shares of XPLR Infrastructure from $13.00 to $16.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Mizuho cut their target price on shares of XPLR Infrastructure from $15.00 to $12.00 and set a "neutral" rating on the stock in a research report on Monday, May 12th. Finally, Barclays lifted their price target on shares of XPLR Infrastructure from $9.00 to $11.00 and gave the company an "underweight" rating in a research report on Tuesday, August 12th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $16.92.

XPLR Infrastructure Price Performance

XPLR Infrastructure stock traded up $0.51 during midday trading on Friday, reaching $9.92. 1,476,509 shares of the stock traded hands, compared to its average volume of 1,077,409. The stock has a market cap of $932.18 million, a P/E ratio of -5.77 and a beta of 0.86. XPLR Infrastructure has a 12 month low of $7.53 and a 12 month high of $28.25. The stock's fifty day moving average is $9.01 and its 200-day moving average is $8.92. The company has a quick ratio of 0.72, a current ratio of 0.77 and a debt-to-equity ratio of 0.50.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The solar energy provider reported $0.84 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.64. The company had revenue of $342.00 million during the quarter, compared to analysts' expectations of $359.64 million. XPLR Infrastructure had a positive return on equity of 1.86% and a negative net margin of 12.94%. The business's revenue was down 5.0% compared to the same quarter last year. As a group, equities research analysts anticipate that XPLR Infrastructure will post 2.33 EPS for the current year.

Hedge Funds Weigh In On XPLR Infrastructure

Hedge funds and other institutional investors have recently bought and sold shares of the stock. MUFG Securities EMEA plc purchased a new stake in XPLR Infrastructure during the 2nd quarter valued at about $16,400,000. Ardsley Advisory Partners LP purchased a new stake in XPLR Infrastructure during the 2nd quarter valued at about $5,986,000. Qube Research & Technologies Ltd purchased a new stake in XPLR Infrastructure during the 2nd quarter valued at about $4,220,000. Balyasny Asset Management L.P. purchased a new stake in shares of XPLR Infrastructure during the 2nd quarter valued at about $4,192,000. Finally, Gabelli Funds LLC purchased a new stake in shares of XPLR Infrastructure during the 2nd quarter valued at about $4,009,000. 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.