XPLR Infrastructure (NYSE:XIFR) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• XPLR Infrastructure (NYSE:XIFR) has surpassed its 200-day moving average, trading at $10.30, which is notable as it reflects a potential upward trend in stock performance.
• Analysts have mixed opinions on XIFR, with a consensus rating of "Hold" and an average target price of $16.08, despite two analysts rating it as a "Sell."
• In the most recent quarterly earnings, XPLR reported $0.84 earnings per share, significantly surpassing expectations, although revenue fell by 5% compared to the previous year.

XPLR Infrastructure, LP (NYSE:XIFR - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.18 and traded as high as $10.68. XPLR Infrastructure shares last traded at $10.30, with a volume of 8,109,501 shares.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on XIFR. Jefferies Financial Group boosted their price objective on shares of XPLR Infrastructure from $13.00 to $16.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Barclays boosted their price objective on shares of XPLR Infrastructure from $9.00 to $11.00 and gave the stock an "underweight" rating in a research note on Tuesday, August 12th. Finally, Wall Street Zen cut shares of XPLR Infrastructure from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, XPLR Infrastructure has a consensus rating of "Hold" and an average target price of $16.08.

XPLR Infrastructure Stock Up 1.8%

The company has a quick ratio of 0.72, a current ratio of 0.77 and a debt-to-equity ratio of 0.50. The firm has a market cap of $967.42 million, a P/E ratio of -5.99 and a beta of 0.89. The stock's 50-day simple moving average is $9.87 and its 200 day simple moving average is $9.18.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The solar energy provider reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.64. XPLR Infrastructure had a negative net margin of 12.94% and a positive return on equity of 1.86%. The firm had revenue of $342.00 million for the quarter, compared to analyst estimates of $359.64 million. The business's quarterly revenue was down 5.0% compared to the same quarter last year. As a group, research analysts forecast that XPLR Infrastructure, LP will post 2.33 EPS for the current fiscal year.

Institutional Investors Weigh In On XPLR Infrastructure

Institutional investors and hedge funds have recently made changes to their positions in the business. Nomura Holdings Inc. acquired a new stake in shares of XPLR Infrastructure in the 2nd quarter worth about $46,948,000. Apollo Management Holdings L.P. acquired a new stake in shares of XPLR Infrastructure in the 2nd quarter worth about $40,853,000. Lavaca Capital LLC acquired a new stake in shares of XPLR Infrastructure in the 2nd quarter worth about $180,000. Gabelli Funds LLC acquired a new stake in shares of XPLR Infrastructure in the 2nd quarter worth about $4,009,000. Finally, Ardsley Advisory Partners LP acquired a new stake in shares of XPLR Infrastructure in the 2nd quarter worth about $5,986,000. Institutional investors and hedge funds 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.

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