XPLR Infrastructure (NYSE:XIFR) Stock Crosses Above 200 Day Moving Average – Should You Sell?

XPLR Infrastructure, LP (NYSE:XIFR)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.31 and traded as high as $11.87. XPLR Infrastructure shares last traded at $11.7180, with a volume of 891,268 shares.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on XIFR shares. Canadian Imperial Bank of Commerce cut their target price on shares of XPLR Infrastructure from $11.50 to $11.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Barclays raised their target price on shares of XPLR Infrastructure from $10.00 to $12.00 and gave the stock an “underweight” rating in a report on Thursday, February 12th. Mizuho set a $12.00 target price on shares of XPLR Infrastructure in a report on Wednesday, February 11th. Evercore set a $11.00 price target on shares of XPLR Infrastructure in a report on Monday, May 11th. Finally, Weiss Ratings raised shares of XPLR Infrastructure from a “sell (d)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $12.57.

XPLR Infrastructure Trading Up 0.8%

The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.94 and a current ratio of 1.02. The stock’s 50-day simple moving average is $11.00 and its 200-day simple moving average is $10.31. The firm has a market capitalization of $1.10 billion, a PE ratio of 10.75 and a beta of 0.95.

XPLR Infrastructure (NYSE:XIFR) last issued its quarterly earnings data on Thursday, May 7th. The solar energy provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.72). The company had revenue of $275.00 million for the quarter. XPLR Infrastructure had a net margin of 8.81% and a return on equity of 0.98%. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($1.05) earnings per share. As a group, sell-side analysts expect that XPLR Infrastructure, LP will post -0.32 EPS for the current fiscal year.

Hedge Funds Weigh In On XPLR Infrastructure

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in XPLR Infrastructure by 4,489.8% during the third quarter. JPMorgan Chase & Co. now owns 308,021 shares of the solar energy provider’s stock valued at $3,133,000 after buying an additional 301,310 shares during the period. Anchorage Capital Advisors L.P. purchased a new position in XPLR Infrastructure during the third quarter valued at $33,443,000. Aberdeen Group plc purchased a new position in XPLR Infrastructure during the third quarter valued at $7,044,000. ING Groep NV purchased a new position in XPLR Infrastructure during the third quarter valued at $20,340,000. Finally, Counterpoint Mutual Funds LLC purchased a new position in XPLR Infrastructure during the third quarter valued at $3,148,000. Hedge funds and other institutional investors 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.