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

Key Points

• XPLR Infrastructure (NYSE:XIFR) has been upgraded from a "sell" to a "hold" rating by Wall Street Zen, highlighting a shift in analyst sentiment.
• Despite the rating upgrade, XIFR's stock has experienced a 1.1% decline recently, reflecting mixed market perceptions.
• The company reported quarterly earnings with an EPS of $0.84, significantly exceeding analyst estimates, but its revenue fell 5.0% year-over-year, raising concerns among investors.

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

Several other brokerages also recently commented on XIFR. Weiss Ratings reissued a "sell (d)" rating on shares of XPLR Infrastructure in a report on Wednesday, October 8th. Barclays raised their price objective 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. Finally, Jefferies Financial Group raised their price objective on shares of XPLR Infrastructure from $13.00 to $16.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, XPLR Infrastructure has an average rating of "Reduce" and an average price target of $16.18.

XPLR Infrastructure Stock Down 1.1%

XIFR opened at $10.22 on Friday. The company has a 50 day moving average of $10.20 and a 200 day moving average of $9.30. The company has a market cap of $960.37 million, a PE ratio of -5.94 and a beta of 0.91. XPLR Infrastructure has a 12 month low of $7.53 and a 12 month high of $26.25. The company has a current ratio of 0.77, a quick ratio of 0.72 and a debt-to-equity ratio of 0.50.

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

Institutional Investors Weigh In On XPLR Infrastructure

Large investors have recently added to or reduced their stakes in the company. Nomura Holdings Inc. bought a new stake in XPLR Infrastructure in the 2nd quarter worth $46,948,000. Apollo Management Holdings L.P. bought a new stake in shares of XPLR Infrastructure during the 2nd quarter valued at about $40,853,000. Lavaca Capital LLC bought a new stake in shares of XPLR Infrastructure during the 2nd quarter valued at about $180,000. Gabelli Funds LLC bought a new stake in shares of XPLR Infrastructure during the 2nd quarter valued at about $4,009,000. Finally, Ardsley Advisory Partners LP bought a new stake in shares of XPLR Infrastructure during the 2nd quarter valued at about $5,986,000. 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.

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