BNP Paribas Upgrades XPLR Infrastructure (NYSE:XIFR) to “Neutral”

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

A number of other equities analysts have also commented on XIFR. Scotiabank reduced their price objective on XPLR Infrastructure from $15.00 to $12.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 29th. CIBC decreased their price objective on shares of XPLR Infrastructure from $26.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Evercore ISI dropped their target price on shares of XPLR Infrastructure from $32.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Jefferies Financial Group reduced their target price on shares of XPLR Infrastructure from $25.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Finally, Barclays lowered their price target on shares of XPLR Infrastructure from $17.00 to $7.00 and set an “underweight” rating for the company in a report on Monday. 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.27.

XPLR Infrastructure Trading Down 2.9 %

Shares of XIFR stock opened at $9.54 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.78 and a current ratio of 2.02. The firm has a fifty day moving average of $16.78 and a 200-day moving average of $21.24. XPLR Infrastructure has a 52-week low of $9.37 and a 52-week high of $35.15. The stock has a market cap of $892.28 million, a price-to-earnings ratio of -95.40 and a beta of 1.03.

XPLR Infrastructure (NYSE:XIFR) last issued its earnings results on Tuesday, January 28th. The solar energy provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. On average, equities research analysts forecast that XPLR Infrastructure will post 1.54 earnings per share for the current fiscal year.

Institutional Investors Weigh In On XPLR Infrastructure

Large investors have recently made changes to their positions in the stock. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new position in XPLR Infrastructure during the fourth quarter worth approximately $21,449,000. Thrivent Financial for Lutherans acquired a new position in shares of XPLR Infrastructure during the 3rd quarter worth approximately $16,186,000. Two Sigma Advisers LP bought a new stake in XPLR Infrastructure in the 3rd quarter valued at $15,310,000. M&G PLC lifted its holdings in XPLR Infrastructure by 19.3% during the 3rd quarter. M&G PLC now owns 3,062,083 shares of the solar energy provider’s stock valued at $85,738,000 after purchasing an additional 496,383 shares during the last quarter. Finally, Graham Capital Wealth Management LLC acquired a new stake in XPLR Infrastructure during the 4th quarter valued at $3,003,000. Institutional investors and hedge funds 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.