XPLR Infrastructure (NYSE:XIFR) Stock Price Passes Above 200 Day Moving Average – What’s Next?

XPLR Infrastructure, LP (NYSE:XIFR) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.43 and traded as high as $11.86. XPLR Infrastructure shares last traded at $11.6370, with a volume of 602,410 shares trading hands.

Analyst Ratings Changes

XIFR has been the subject of several research analyst reports. Wall Street Zen raised XPLR Infrastructure from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Evercore set a $11.00 target price on XPLR Infrastructure in a report on Monday, May 11th. Morgan Stanley raised their target price on XPLR Infrastructure from $11.00 to $12.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 20th. Canadian Imperial Bank of Commerce cut their price target on XPLR Infrastructure from $11.50 to $11.00 and set a “neutral” rating for the company in a research note on Monday, April 20th. 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 research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, XPLR Infrastructure currently has a consensus rating of “Hold” and an average price target of $12.57.

XPLR Infrastructure Stock Down 0.5%

The company’s 50-day simple moving average is $11.16 and its two-hundred day simple moving average is $10.43. The firm has a market capitalization of $1.10 billion, a P/E ratio of 10.68 and a beta of 0.95. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 0.94.

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 business 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%. XPLR Infrastructure’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period last year, the firm posted ($1.05) earnings per share. As a group, research analysts expect that XPLR Infrastructure, LP will post -1.34 earnings per share for the current year.

Institutional Trading of XPLR Infrastructure

Several hedge funds have recently bought and sold shares of the stock. 180 Wealth Advisors LLC increased its position in XPLR Infrastructure by 3.2% in the fourth quarter. 180 Wealth Advisors LLC now owns 32,861 shares of the solar energy provider’s stock worth $329,000 after buying an additional 1,014 shares in the last quarter. Stifel Financial Corp lifted its position in shares of XPLR Infrastructure by 7.7% during the 4th quarter. Stifel Financial Corp now owns 22,786 shares of the solar energy provider’s stock valued at $228,000 after buying an additional 1,637 shares in the last quarter. Deutsche Bank AG lifted its position in shares of XPLR Infrastructure by 8.4% during the 4th quarter. Deutsche Bank AG now owns 27,521 shares of the solar energy provider’s stock valued at $275,000 after buying an additional 2,125 shares in the last quarter. Central Pacific Bank Trust Division grew its stake in shares of XPLR Infrastructure by 14.7% during the 4th quarter. Central Pacific Bank Trust Division now owns 19,500 shares of the solar energy provider’s stock valued at $195,000 after acquiring an additional 2,500 shares during the period. Finally, Kestra Advisory Services LLC grew its stake in shares of XPLR Infrastructure by 7.3% during the 1st quarter. Kestra Advisory Services LLC now owns 38,493 shares of the solar energy provider’s stock valued at $409,000 after acquiring an additional 2,616 shares during the period. 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.