XPLR Infrastructure (NYSE:XIFR) Shares Pass Above 200-Day Moving Average – Time to Sell?

XPLR Infrastructure, LP (NYSE:XIFR)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-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 traded.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. 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. 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. Morgan Stanley upped 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. Wall Street Zen raised XPLR Infrastructure from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Finally, Evercore set a $11.00 target price on XPLR Infrastructure in a research note on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $12.57.

XPLR Infrastructure Stock Up 2.3%

The firm’s 50-day simple moving average is $11.43 and its 200 day simple moving average is $10.60. The company has a market cap of $1.14 billion, a P/E ratio of 11.09 and a beta of 0.95. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.94 and a current ratio of 1.02.

XPLR Infrastructure (NYSE:XIFR) last announced its quarterly earnings results on Thursday, May 7th. The solar energy provider reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.72). XPLR Infrastructure had a return on equity of 0.98% and a net margin of 8.81%.The firm had revenue of $275.00 million for the quarter. During the same quarter last year, the company posted ($1.05) earnings per share. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. On average, research analysts forecast that XPLR Infrastructure, LP will post -1.34 earnings per share for the current fiscal year.

Hedge Funds Weigh In On XPLR Infrastructure

A number of large investors have recently made changes to their positions in the company. US Bancorp DE acquired a new stake in XPLR Infrastructure during the third quarter worth approximately $28,000. Huntington National Bank increased its stake 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 valued at $31,000 after buying an additional 2,698 shares during the period. JPMorgan Chase & Co. bought a new position in XPLR Infrastructure during the second quarter worth $55,000. CANADA LIFE ASSURANCE Co acquired a new position in XPLR Infrastructure in the second quarter valued at approximately $77,000. Finally, SG Americas Securities LLC bought a new position in shares of XPLR Infrastructure during the 4th quarter worth about $106,000. 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.