XPLR Infrastructure (NYSE:XIFR) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Shares of XPLR Infrastructure, LP (NYSE:XIFR) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $10.58 and traded as high as $12.12. XPLR Infrastructure shares last traded at $11.8750, with a volume of 700,053 shares trading hands.

Analysts Set New Price Targets

Several brokerages recently commented on XIFR. Morgan Stanley upped their price target on shares of XPLR Infrastructure from $11.00 to $12.00 and gave the company an “underweight” rating in a research report on Wednesday, May 20th. 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 research note on Monday, April 20th. Evercore set a $11.00 target price on XPLR Infrastructure in a report on Monday, May 11th. Wall Street Zen raised XPLR Infrastructure from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Finally, Weiss Ratings upgraded XPLR Infrastructure from a “sell (d)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, XPLR Infrastructure currently has an average rating of “Hold” and a consensus price target of $12.57.

XPLR Infrastructure Stock Down 1.3%

The company has a market cap of $1.12 billion, a price-to-earnings ratio of 10.89 and a beta of 0.95. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.53. The business has a fifty day moving average price of $11.40 and a two-hundred day moving average price of $10.58.

XPLR Infrastructure (NYSE:XIFR) last posted its quarterly earnings results 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 during the quarter. XPLR Infrastructure had a return on equity of 0.98% and a net margin of 8.81%.XPLR Infrastructure’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period last year, the business earned ($1.05) earnings per share. On average, equities analysts predict that XPLR Infrastructure, LP will post -1.34 earnings per share for the current year.

Institutional Investors Weigh In On XPLR Infrastructure

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE acquired a new stake in shares of XPLR Infrastructure during the 3rd quarter valued at $28,000. Huntington National Bank grew its holdings in shares of XPLR Infrastructure by 715.6% during the 4th quarter. Huntington National Bank now owns 3,075 shares of the solar energy provider’s stock valued at $31,000 after acquiring an additional 2,698 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in shares of XPLR Infrastructure in the second quarter worth $55,000. CANADA LIFE ASSURANCE Co acquired a new position in shares of XPLR Infrastructure in the second quarter worth $77,000. Finally, SG Americas Securities LLC purchased a new stake in shares of XPLR Infrastructure during the fourth quarter worth $106,000. 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.