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

XPLR Infrastructure, LP (NYSE:XIFR) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.77 and traded as high as $12.68. XPLR Infrastructure shares last traded at $12.4260, with a volume of 922,368 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Weiss Ratings upgraded XPLR Infrastructure from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 1st. Evercore set a $11.00 price target on shares of XPLR Infrastructure in a research report on Monday, May 11th. Wall Street Zen raised shares of XPLR Infrastructure from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Canadian Imperial Bank of Commerce lowered their price objective on shares of XPLR Infrastructure from $11.50 to $11.00 and set a “neutral” rating for the company in a research report on Monday, April 20th. Finally, Morgan Stanley lifted their price objective on shares of XPLR Infrastructure from $11.00 to $12.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 20th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $12.00.

XPLR Infrastructure Trading Down 0.4%

The stock has a market cap of $1.17 billion, a PE ratio of 11.40 and a beta of 0.94. 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 has a fifty day moving average price of $11.75 and a 200 day moving average price of $10.77.

XPLR Infrastructure (NYSE:XIFR) last released its quarterly earnings results on Thursday, May 7th. The solar energy provider reported $0.35 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.72). XPLR Infrastructure had a net margin of 8.81% and a return on equity of 0.98%. The company had revenue of $275.00 million for the quarter. During the same quarter in the previous year, the firm earned ($1.05) EPS. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. Equities analysts expect that XPLR Infrastructure, LP will post -1.34 EPS for the current year.

Institutional Trading of XPLR Infrastructure

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE bought a new stake in XPLR Infrastructure in the third quarter worth about $28,000. Huntington National Bank raised its holdings in shares of XPLR Infrastructure by 715.6% in the fourth quarter. Huntington National Bank now owns 3,075 shares of the solar energy provider’s stock worth $31,000 after buying an additional 2,698 shares during the period. JPMorgan Chase & Co. bought a new stake in shares of XPLR Infrastructure during the 2nd quarter worth approximately $55,000. CANADA LIFE ASSURANCE Co bought a new stake in shares of XPLR Infrastructure during the 2nd quarter worth approximately $77,000. Finally, SG Americas Securities LLC bought a new stake in shares of XPLR Infrastructure during the 4th quarter worth approximately $106,000. 66.01% of the stock is owned by hedge funds and other institutional investors.

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.