XPLR Infrastructure (NYSE:XIFR) Upgraded at BNP Paribas

BNP Paribas upgraded shares of XPLR Infrastructure (NYSE:XIFR) from an underperform rating to a neutral rating in a research note released on Monday morning, Marketbeat.com reports.

A number of other research analysts also recently issued reports on XIFR. Barclays reduced their price objective on shares of XPLR Infrastructure from $17.00 to $7.00 and set an “underweight” rating on the stock in a research report on Monday. BMO Capital Markets restated a “market perform” rating and issued a $18.00 target price (down previously from $26.00) on shares of XPLR Infrastructure in a research note on Monday, January 13th. CIBC decreased their price objective on XPLR Infrastructure from $26.00 to $21.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Jefferies Financial Group dropped their target price on shares of XPLR Infrastructure from $25.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Finally, Scotiabank decreased their price target on shares of XPLR Infrastructure from $15.00 to $12.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 29th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $20.27.

XPLR Infrastructure Stock Down 3.4 %

Shares of NYSE XIFR opened at $9.28 on Monday. The stock has a market capitalization of $867.96 million, a P/E ratio of -92.80 and a beta of 1.03. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.02 and a quick ratio of 1.78. XPLR Infrastructure has a one year low of $9.22 and a one year high of $35.15. The firm’s 50 day simple moving average is $16.62 and its two-hundred day simple moving average is $21.16.

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

Institutional Trading of XPLR Infrastructure

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XIFR. Marshall Wace LLP bought a new stake in shares of XPLR Infrastructure during the 2nd quarter valued at $638,000. Creative Planning lifted its position in shares of XPLR Infrastructure by 15.2% in the second 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. boosted its stake in shares of XPLR Infrastructure by 150.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,665 shares of the solar energy provider’s stock worth $46,000 after acquiring an additional 1,000 shares during the period. B. Riley Wealth Advisors Inc. grew its position in shares of XPLR Infrastructure by 40.4% during the second 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 raised its stake in XPLR Infrastructure by 10.6% during the 2nd quarter. Cetera Investment Advisers now owns 70,491 shares of the solar energy provider’s stock valued at $1,948,000 after purchasing an additional 6,769 shares during the period. 66.01% of the stock is owned by hedge funds and other institutional investors.

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.