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

XPLR Infrastructure (NYSE:XIFR) was upgraded by equities researchers at BNP Paribas from an “underperform” rating to a “neutral” rating in a report released on Monday.

Other analysts have also recently issued research reports about the stock. Morgan Stanley reissued an “underweight” rating and set a $13.00 price target (down previously from $22.00) on shares of XPLR Infrastructure in a research report on Monday. Jefferies Financial Group decreased their price target on shares of XPLR Infrastructure from $25.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Evercore ISI cut their price objective on XPLR Infrastructure from $32.00 to $30.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Barclays decreased their target price on XPLR Infrastructure from $17.00 to $7.00 and set an “underweight” rating for the company in a report on Monday. Finally, Guggenheim cut their price target on XPLR Infrastructure from $17.00 to $12.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $20.27.

XPLR Infrastructure Trading Down 1.8 %

XPLR Infrastructure stock traded down $0.18 during trading on Monday, hitting $9.64. The company had a trading volume of 2,402,163 shares, compared to its average volume of 4,377,280. The stock has a market cap of $901.63 million, a price-to-earnings ratio of -96.40 and a beta of 1.03. The company has a current ratio of 2.02, a quick ratio of 1.78 and a debt-to-equity ratio of 0.37. XPLR Infrastructure has a 1-year low of $9.37 and a 1-year high of $35.15. The company’s 50 day simple moving average is $16.94 and its 200-day simple moving average is $21.36.

XPLR Infrastructure (NYSE:XIFR) last issued its quarterly earnings data on Tuesday, January 28th. The solar energy provider reported $0.99 earnings per share for the quarter, beating 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%. As a group, analysts expect that XPLR Infrastructure will post 1.54 EPS for the current fiscal year.

Institutional Investors Weigh In On XPLR Infrastructure

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XIFR. M&G PLC raised its position in XPLR Infrastructure by 19.3% in 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. Assenagon Asset Management S.A. raised its holdings in shares of XPLR Infrastructure by 59.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 173,251 shares of the solar energy provider’s stock valued at $3,084,000 after buying an additional 64,673 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of XPLR Infrastructure by 89.4% during the third quarter. Franklin Resources Inc. now owns 78,930 shares of the solar energy provider’s stock worth $2,049,000 after buying an additional 37,265 shares during the period. Thrivent Financial for Lutherans purchased a new position in shares of XPLR Infrastructure during the third quarter worth about $16,186,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in XPLR Infrastructure by 158.4% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 255,754 shares of the solar energy provider’s stock valued at $7,064,000 after acquiring an additional 156,774 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.