XPLR Infrastructure (NYSE:XIFR) Stock Passes Above Two Hundred Day Moving Average - What's Next?

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.

XPLR Infrastructure, LP (NYSE:XIFR - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 changing hands.

Analyst Upgrades and Downgrades

A number of research firms have commented on XIFR. Jefferies Financial Group boosted their price target on shares of XPLR Infrastructure from $13.00 to $16.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Wall Street Zen downgraded XPLR Infrastructure from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. Finally, Barclays lifted their price target on XPLR Infrastructure from $9.00 to $11.00 and gave the company an "underweight" rating in a research report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $16.92.

XPLR Infrastructure Stock Down 1.3%

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 capitalization of $913.39 million, a P/E ratio of -5.65 and a beta of 0.89. The stock's fifty day moving average is $9.73 and its two-hundred day moving average is $9.10.

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

Hedge Funds Weigh In On XPLR Infrastructure

Hedge funds and other institutional investors have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC acquired a new stake in XPLR Infrastructure during the 2nd quarter worth about $25,000. JPMorgan Chase & Co. purchased a new position in shares of XPLR Infrastructure in the second quarter worth approximately $55,000. CANADA LIFE ASSURANCE Co acquired a new stake in shares of XPLR Infrastructure during the second quarter valued at approximately $77,000. MAI Capital Management purchased a new stake in shares of XPLR Infrastructure in the 2nd quarter valued at approximately $94,000. Finally, Headlands Technologies LLC purchased a new stake in shares of XPLR Infrastructure in the 2nd quarter valued at 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.