XPLR Infrastructure (NYSE:XIFR) Shares Pass Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• XPLR Infrastructure shares have crossed above their two hundred day moving average of $9.07, trading as high as $9.93 recently.
• Analysts have mixed ratings on the stock, with Barclays increasing its price target to $11.00 while Wall Street Zen downgraded to a "sell" rating; the consensus target price is $16.92.
• The company posted earnings of $0.84 per share for the last quarter, significantly exceeding the consensus estimate of $0.20, although revenue was below expectations at $342 million.

Shares of XPLR Infrastructure, LP (NYSE:XIFR - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $9.07 and traded as high as $9.93. XPLR Infrastructure shares last traded at $9.79, with a volume of 943,120 shares.

Analysts Set New Price Targets

A number of research firms recently weighed in on XIFR. Barclays increased their price target on XPLR Infrastructure from $9.00 to $11.00 and gave the company an "underweight" rating in a research note on Tuesday, August 12th. Wall Street Zen lowered shares of XPLR Infrastructure from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. Finally, Jefferies Financial Group raised their target price 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. Two analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $16.92.

XPLR Infrastructure Price Performance

The company has a current ratio of 0.77, a quick ratio of 0.72 and a debt-to-equity ratio of 0.50. The company has a 50 day moving average of $9.63 and a 200-day moving average of $9.07. The firm has a market capitalization of $919.97 million, a P/E ratio of -5.69 and a beta of 0.89.

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

Institutional Trading of XPLR Infrastructure

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC bought a new stake in XPLR Infrastructure in the 2nd quarter valued at about $25,000. JPMorgan Chase & Co. acquired a new stake in shares of XPLR Infrastructure in the second quarter valued at approximately $55,000. CANADA LIFE ASSURANCE Co bought a new stake in shares of XPLR Infrastructure in the second quarter valued at approximately $77,000. MAI Capital Management acquired a new stake in XPLR Infrastructure during the second quarter worth approximately $94,000. Finally, Headlands Technologies LLC acquired a new stake in XPLR Infrastructure during the second quarter worth approximately $111,000. Institutional investors and hedge funds 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 and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.