XPLR Infrastructure (NYSE:XIFR) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

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 $9.76 and traded as high as $10.17. XPLR Infrastructure shares last traded at $10.01, with a volume of 1,361,084 shares traded.

Wall Street Analyst Weigh In

Several research analysts have weighed in on XIFR shares. Barclays lowered their target price on shares of XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Thursday, November 6th. Morgan Stanley lowered their price target on XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Tuesday, December 2nd. Wall Street Zen cut XPLR Infrastructure from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Royal Bank Of Canada initiated coverage on XPLR Infrastructure in a report on Tuesday, January 6th. They issued an “outperform” rating and a $14.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of XPLR Infrastructure in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $13.05.

XPLR Infrastructure Stock Performance

The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.44. The stock has a fifty day moving average price of $9.55 and a two-hundred day moving average price of $9.77. The company has a market capitalization of $935.43 million, a price-to-earnings ratio of -5.88 and a beta of 0.97.

XPLR Infrastructure (NYSE:XIFR) last posted its quarterly earnings data on Tuesday, November 4th. The solar energy provider reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.30). XPLR Infrastructure had a positive return on equity of 2.01% and a negative net margin of 12.73%.The company had revenue of $315.00 million for the quarter, compared to analysts’ expectations of $331.56 million. The company’s revenue was down 1.3% on a year-over-year basis. As a group, analysts forecast that XPLR Infrastructure, LP will post 2.33 EPS for the current fiscal year.

Hedge Funds Weigh In On XPLR Infrastructure

Several institutional investors and hedge funds have recently modified their holdings of the company. Steward Partners Investment Advisory LLC purchased a new stake in XPLR Infrastructure in the 2nd quarter worth approximately $25,000. US Bancorp DE acquired a new stake in shares of XPLR Infrastructure during the third quarter worth $28,000. Future Financial Wealth Managment LLC acquired a new stake in shares of XPLR Infrastructure during the third quarter worth $55,000. JPMorgan Chase & Co. purchased a new stake in shares of XPLR Infrastructure in the second quarter valued at $55,000. Finally, CANADA LIFE ASSURANCE Co acquired a new position in XPLR Infrastructure in the second quarter valued at $77,000. 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.