XPLR Infrastructure (NYSE:XIFR) Upgraded to “Strong-Buy” at Zacks Research

Zacks Research upgraded shares of XPLR Infrastructure (NYSE:XIFR) from a hold rating to a strong-buy rating in a research note published on Wednesday,Zacks.com reports.

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

XPLR Infrastructure Price Performance

NYSE XIFR opened at $11.31 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.27 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $1.07 billion, a P/E ratio of 17.40 and a beta of 0.94. XPLR Infrastructure has a 52 week low of $8.68 and a 52 week high of $13.25. The company has a 50-day moving average price of $11.92 and a 200-day moving average price of $11.17.

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

Hedge Funds Weigh In On XPLR Infrastructure

Several hedge funds and other institutional investors have recently made changes to their positions in XIFR. Endure Capital Management LLC purchased a new position in XPLR Infrastructure during the 1st quarter worth $12,054,000. Assenagon Asset Management S.A. increased its stake in XPLR Infrastructure by 372.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 872,439 shares of the solar energy provider’s stock valued at $10,304,000 after buying an additional 687,931 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of XPLR Infrastructure by 63.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,093,633 shares of the solar energy provider’s stock worth $11,614,000 after acquiring an additional 425,174 shares during the period. California State Teachers Retirement System increased its stake in shares of XPLR Infrastructure by 58.4% during the first quarter. California State Teachers Retirement System now owns 127,718 shares of the solar energy provider’s stock worth $1,356,000 after acquiring an additional 47,081 shares during the period. Finally, Gabelli Funds LLC lifted its position in XPLR Infrastructure by 10.3% in the first quarter. Gabelli Funds LLC now owns 552,400 shares of the solar energy provider’s stock valued at $5,866,000 after purchasing an additional 51,550 shares during the period. 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.