XPLR Infrastructure (NYSE:XIFR) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of XPLR Infrastructure, LP (NYSE:XIFR) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $11.24 and traded as high as $12.00. XPLR Infrastructure shares last traded at $11.73, with a volume of 929,915 shares.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on XIFR. Canadian Imperial Bank of Commerce restated a “neutral” rating and issued a $12.00 price target on shares of XPLR Infrastructure in a report on Friday, July 17th. Zacks Research upgraded XPLR Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 19th. Weiss Ratings upgraded XPLR Infrastructure from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 1st. Evercore reissued a “positive” rating and set a $12.00 target price on shares of XPLR Infrastructure in a research note on Monday, August 17th. Finally, Morgan Stanley raised their target price on shares of XPLR Infrastructure from $11.00 to $12.00 and gave the stock an “underweight” rating in a report on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $12.50.

XPLR Infrastructure Price Performance

The company’s fifty day moving average is $11.91 and its 200 day moving average is $11.25. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 18.48 and a beta of 0.93. The company has a quick ratio of 1.14, a current ratio of 1.27 and a debt-to-equity ratio of 0.56.

XPLR Infrastructure (NYSE:XIFR) last released its earnings results on Tuesday, July 28th. The solar energy provider reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.50) by $0.90. XPLR Infrastructure had a net margin of 5.24% and a return on equity of 0.61%. The business had revenue of $363.00 million during the quarter. During the same period last year, the business posted $0.84 EPS. On average, equities research analysts predict that XPLR Infrastructure, LP will post 0.11 EPS for the current year.

Hedge Funds Weigh In On XPLR Infrastructure

Several hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. acquired a new position in XPLR Infrastructure during the second quarter valued at approximately $55,000. Legal & General Group Plc acquired a new position in shares of XPLR Infrastructure during the 2nd quarter worth approximately $830,000. Prudential Financial Inc. acquired a new position in shares of XPLR Infrastructure during the 2nd quarter worth approximately $119,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of XPLR Infrastructure during the 2nd quarter worth approximately $2,869,000. Finally, Invesco Ltd. bought a new stake in shares of XPLR Infrastructure during the 2nd quarter worth approximately $244,000. 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.