XPLR Infrastructure (NYSE:XIFR) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

XPLR Infrastructure, LP (NYSE:XIFR) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.97 and traded as high as $10.42. XPLR Infrastructure shares last traded at $10.3210, with a volume of 454,481 shares.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on XIFR. Evercore reiterated a “hold” rating and issued a $10.80 target price on shares of XPLR Infrastructure in a report on Thursday, March 5th. Wall Street Zen upgraded shares of XPLR Infrastructure from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Weiss Ratings restated a “sell (d)” rating on shares of XPLR Infrastructure in a research report on Wednesday, January 21st. Morgan Stanley reduced their price objective on shares of XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Tuesday, December 2nd. Finally, Mizuho set a $12.00 price objective on shares of XPLR Infrastructure in a research report on Wednesday, February 11th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, XPLR Infrastructure presently has a consensus rating of “Reduce” and a consensus target price of $12.33.

XPLR Infrastructure Price Performance

The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.84 and a current ratio of 0.91. The business has a 50 day moving average price of $10.26 and a 200-day moving average price of $9.97. The company has a market capitalization of $969.86 million, a price-to-earnings ratio of -33.29 and a beta of 1.01.

XPLR Infrastructure (NYSE:XIFR) last released its earnings results on Tuesday, February 10th. The solar energy provider reported $0.30 EPS for the quarter, topping the consensus estimate of ($0.57) by $0.87. XPLR Infrastructure had a positive return on equity of 1.54% and a negative net margin of 2.27%.The business’s revenue for the quarter was down 15.3% compared to the same quarter last year. Research analysts predict that XPLR Infrastructure, LP will post 2.33 EPS for the current fiscal year.

Institutional Trading of XPLR Infrastructure

Several large investors have recently modified their holdings of the stock. Hsbc Holdings PLC acquired a new position in shares of XPLR Infrastructure during the 4th quarter valued at $180,000. Corient Private Wealth LLC grew its holdings in XPLR Infrastructure by 147.4% in the fourth quarter. Corient Private Wealth LLC now owns 45,708 shares of the solar energy provider’s stock worth $457,000 after purchasing an additional 27,233 shares during the period. Flax Pond Capital LLC acquired a new stake in XPLR Infrastructure in the fourth quarter worth $5,831,000. State of Tennessee Department of Treasury increased its stake in XPLR Infrastructure by 169.8% in the fourth quarter. State of Tennessee Department of Treasury now owns 51,989 shares of the solar energy provider’s stock valued at $506,000 after purchasing an additional 32,716 shares in the last quarter. Finally, EP Wealth Advisors LLC acquired a new position in shares of XPLR Infrastructure during the fourth quarter valued at about $3,012,000. 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.