XPLR Infrastructure (NYSE:XIFR) Stock Rating Upgraded by Zacks Research

XPLR Infrastructure (NYSE:XIFR) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

A number of other brokerages have also commented on XIFR. Evercore reissued a “positive” rating and set a $12.00 price objective on shares of XPLR Infrastructure in a report on Monday. Weiss Ratings raised XPLR Infrastructure from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 1st. Wall Street Zen upgraded XPLR Infrastructure from a “sell” rating to a “hold” rating in a research note on Sunday, July 26th. Morgan Stanley lifted their price objective on XPLR Infrastructure from $11.00 to $12.00 and gave the stock an “underweight” rating in a report on Wednesday, May 20th. Finally, Mizuho upped their price objective on XPLR Infrastructure from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, XPLR Infrastructure has a consensus rating of “Hold” and an average target price of $12.50.

XPLR Infrastructure Stock Down 2.3%

XIFR stock opened at $11.31 on Wednesday. The stock has a market capitalization of $1.07 billion, a P/E ratio of 17.40 and a beta of 0.94. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.27 and a quick ratio of 1.14. XPLR Infrastructure has a 1-year low of $8.68 and a 1-year high of $13.25. The business has a fifty day moving average price of $11.92 and a 200-day moving average price of $11.17.

XPLR Infrastructure (NYSE:XIFR) last released its quarterly earnings data on Tuesday, July 28th. The solar energy provider reported $0.40 EPS for the quarter, topping the consensus estimate of ($0.50) by $0.90. XPLR Infrastructure had a return on equity of 0.61% and a net margin of 5.24%.The company had revenue of $363.00 million during the quarter. During the same quarter in the previous year, the business posted $0.84 earnings per share. Equities analysts forecast that XPLR Infrastructure will post 0.11 earnings per share for the current fiscal year.

Institutional Trading of XPLR Infrastructure

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Stifel Financial Corp boosted its position in XPLR Infrastructure by 7.7% in the 4th quarter. Stifel Financial Corp now owns 22,786 shares of the solar energy provider’s stock worth $228,000 after purchasing an additional 1,637 shares in the last quarter. Deutsche Bank AG raised its position in XPLR Infrastructure by 8.4% during the fourth quarter. Deutsche Bank AG now owns 27,521 shares of the solar energy provider’s stock worth $275,000 after acquiring an additional 2,125 shares during the period. Kestra Advisory Services LLC grew its position in shares of XPLR Infrastructure by 7.3% in the first quarter. Kestra Advisory Services LLC now owns 38,493 shares of the solar energy provider’s stock valued at $409,000 after purchasing an additional 2,616 shares during the period. Huntington National Bank lifted its stake in XPLR Infrastructure by 715.6% in the 4th quarter. Huntington National Bank now owns 3,075 shares of the solar energy provider’s stock valued at $31,000 after buying an additional 2,698 shares in the last quarter. Finally, US Bancorp DE acquired a new position in shares of XPLR Infrastructure during the third quarter valued at approximately $28,000. 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.