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

Shares of XPLR Infrastructure, LP (NYSE:XIFR - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.25 and traded as high as $11.16. XPLR Infrastructure shares last traded at $10.92, with a volume of 1,589,286 shares.

Wall Street Analysts Forecast Growth

XIFR has been the subject of several recent research reports. Weiss Ratings reissued a "sell (d)" rating on shares of XPLR Infrastructure in a report on Saturday, September 27th. Barclays boosted their price target 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. Wall Street Zen downgraded shares of XPLR Infrastructure from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. Finally, Jefferies Financial Group upped their target price on shares of XPLR Infrastructure from $13.00 to $16.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Reduce" and an average target price of $16.18.

XPLR Infrastructure Price Performance

The company has a debt-to-equity ratio of 0.50, a current ratio of 0.77 and a quick ratio of 0.72. The stock has a market cap of $1.03 billion, a P/E ratio of -6.35 and a beta of 0.91. The company's 50 day simple moving average is $10.01 and its 200 day simple moving average is $9.25.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) last issued its earnings results on Thursday, August 7th. The solar energy provider reported $0.84 EPS 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 during the quarter, compared to the consensus estimate of $359.64 million. The business's revenue was down 5.0% compared to the same quarter last year. As a group, equities analysts forecast that XPLR Infrastructure, LP will post 2.33 earnings per share for the current year.

Institutional Trading of XPLR Infrastructure

A number of large investors have recently bought and sold shares of XIFR. Nomura Holdings Inc. bought a new stake in XPLR Infrastructure during the 2nd quarter worth approximately $46,948,000. Apollo Management Holdings L.P. bought a new stake in shares of XPLR Infrastructure during the second quarter worth $40,853,000. MUFG Securities EMEA plc bought a new stake in shares of XPLR Infrastructure during the second quarter worth $16,400,000. Ardsley Advisory Partners LP bought a new stake in shares of XPLR Infrastructure during the second quarter worth $5,986,000. Finally, Qube Research & Technologies Ltd bought a new stake in shares of XPLR Infrastructure during the second quarter worth $4,220,000. 66.01% of the stock is owned by institutional investors.

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.

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