XPLR Infrastructure (NYSE:XIFR) Rating Increased to Neutral at BNP Paribas

XPLR Infrastructure (NYSE:XIFR) was upgraded by BNP Paribas from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Monday.

A number of other equities research analysts also recently weighed in on the company. Wells Fargo & Company dropped their price objective on 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. Evercore ISI cut their price objective on shares of XPLR Infrastructure from $32.00 to $30.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. CIBC decreased their target price on shares of XPLR Infrastructure from $26.00 to $21.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Mizuho cut their price target on shares of XPLR Infrastructure from $33.00 to $26.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $13.00 price target (down from $22.00) on shares of XPLR Infrastructure in a research report on Monday. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $20.27.

XPLR Infrastructure Stock Down 1.8 %

Shares of XPLR Infrastructure stock traded down $0.18 during trading on Monday, hitting $9.64. 2,402,163 shares of the stock traded hands, compared to its average volume of 4,377,280. The company has a current ratio of 2.02, a quick ratio of 1.78 and a debt-to-equity ratio of 0.37. The stock’s fifty day simple moving average is $16.94 and its 200 day simple moving average is $21.36. The firm has a market cap of $901.63 million, a P/E ratio of -96.40 and a beta of 1.03. XPLR Infrastructure has a 52-week low of $9.37 and a 52-week high of $35.15.

XPLR Infrastructure (NYSE:XIFR) last issued its quarterly earnings data on Tuesday, January 28th. The solar energy provider reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.20. XPLR Infrastructure had a negative net margin of 0.73% and a positive return on equity of 1.34%. On average, equities analysts predict that XPLR Infrastructure will post 1.54 earnings per share for the current fiscal year.

Hedge Funds Weigh In On XPLR Infrastructure

A number of hedge funds have recently made changes to their positions in the company. Marshall Wace LLP acquired a new stake in shares of XPLR Infrastructure in the second quarter valued at about $638,000. Creative Planning grew its stake in XPLR Infrastructure by 15.2% during the 2nd quarter. Creative Planning now owns 11,307 shares of the solar energy provider’s stock valued at $313,000 after acquiring an additional 1,490 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in XPLR Infrastructure by 150.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,665 shares of the solar energy provider’s stock valued at $46,000 after acquiring an additional 1,000 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in XPLR Infrastructure by 40.4% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 10,648 shares of the solar energy provider’s stock worth $294,000 after purchasing an additional 3,064 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of XPLR Infrastructure by 10.6% during the 2nd quarter. Cetera Investment Advisers now owns 70,491 shares of the solar energy provider’s stock worth $1,948,000 after purchasing an additional 6,769 shares during the last quarter. Institutional investors and hedge funds 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.