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

Key Points

• XPLR Infrastructure shares crossed above their 200-day moving average, reaching $12.00 before last trading at $11.73 on volume of approximately 930,000 shares.
• Analyst sentiment is mixed but averages to a “Hold” rating, with a consensus price target of $12.50; targets range from $12.00 to $13.00.
• The company reported quarterly EPS of $0.40, beating consensus estimates by $0.90, while institutional investors own approximately 66.01% of the stock.

XPLR Infrastructure, LP (NYSE:XIFR - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-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.

Analyst Ratings Changes

• NextEra Energy Partners NYSE: NEP Stock Is Falling, You Can Blame GameStop NYSE: GME

A number of research analysts have weighed in on XIFR shares. Wall Street Zen raised shares of XPLR Infrastructure from a "sell" rating to a "hold" rating in a research note on Sunday, July 26th. Canadian Imperial Bank of Commerce reissued a "neutral" rating and set a $12.00 target price on shares of XPLR Infrastructure in a research report on Friday, July 17th. Evercore reaffirmed a "positive" rating and issued a $12.00 price target on shares of XPLR Infrastructure in a research report on Monday, August 17th. Mizuho raised their price target on shares of XPLR Infrastructure from $12.00 to $13.00 and gave the company a "neutral" rating in a research report on Wednesday, July 29th. Finally, Morgan Stanley boosted their price objective on XPLR Infrastructure from $11.00 to $12.00 and gave the stock an "underweight" rating in a report on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $12.50.

XPLR Infrastructure Stock Performance

The company's 50 day moving average price is $11.91 and its 200-day moving average price is $11.24. The stock has a market cap of $1.11 billion, a P/E ratio of 18.05 and a beta of 0.93. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.14 and a current ratio of 1.27.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) last released its quarterly 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 company had revenue of $363.00 million for the quarter. During the same period in the previous year, the business earned $0.84 earnings per share. Equities analysts forecast that XPLR Infrastructure, LP will post 0.11 EPS for the current fiscal year.

Hedge Funds Weigh In On XPLR Infrastructure

A number of hedge funds and other institutional investors have recently modified their holdings of XIFR. Bank of America Corp DE increased its position in shares of XPLR Infrastructure by 248.8% during the first quarter. Bank of America Corp DE now owns 768,078 shares of the solar energy provider's stock valued at $8,157,000 after acquiring an additional 547,898 shares during the last quarter. Endure Capital Management LLC bought a new stake in XPLR Infrastructure during the first quarter worth $12,054,000. Assenagon Asset Management S.A. boosted its position in XPLR Infrastructure by 372.8% in the second quarter. Assenagon Asset Management S.A. now owns 872,439 shares of the solar energy provider's stock worth $10,304,000 after purchasing an additional 687,931 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in XPLR Infrastructure by 63.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,093,633 shares of the solar energy provider's stock worth $11,614,000 after purchasing an additional 425,174 shares during the last quarter. Finally, California State Teachers Retirement System grew its stake in XPLR Infrastructure by 58.4% in the 1st quarter. California State Teachers Retirement System now owns 127,718 shares of the solar energy provider's stock valued at $1,356,000 after purchasing an additional 47,081 shares during the period. Hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source