XPLR Infrastructure, LP (NYSE:XIFR - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $9.02 and traded as high as $10.60. XPLR Infrastructure shares last traded at $10.39, with a volume of 2,524,826 shares trading hands.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the stock. Mizuho reduced their target price on shares of XPLR Infrastructure from $15.00 to $12.00 and set a "neutral" rating on the stock in a report on Monday, May 12th. Barclays upped their target price on shares of 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 cut shares of XPLR Infrastructure from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. Finally, Jefferies Financial Group increased their price objective on shares of XPLR Infrastructure from $13.00 to $16.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Two investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, XPLR Infrastructure has an average rating of "Hold" and an average target price of $16.92.
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XPLR Infrastructure Stock Up 0.7%
The stock has a market cap of $972.59 million, a P/E ratio of -6.02 and a beta of 0.89. 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 firm's fifty day moving average is $9.55 and its 200 day moving average is $9.06.
XPLR Infrastructure (NYSE:XIFR - Get Free Report) last announced its earnings results on Thursday, August 7th. The solar energy provider reported $0.84 EPS for the quarter, topping the consensus estimate of $0.20 by $0.64. The firm had revenue of $342.00 million for the quarter, compared to the consensus estimate of $359.64 million. XPLR Infrastructure had a negative net margin of 12.94% and a positive return on equity of 1.86%. The company's revenue for the quarter was down 5.0% compared to the same quarter last year. As a group, equities research analysts forecast that XPLR Infrastructure, LP will post 2.33 EPS for the current year.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the stock. Ensign Peak Advisors Inc bought a new stake in XPLR Infrastructure in the second quarter valued at about $256,000. Dynamic Technology Lab Private Ltd acquired a new position in XPLR Infrastructure in the second quarter valued at approximately $256,000. Swiss National Bank acquired a new stake in XPLR Infrastructure in the second quarter worth $1,465,000. JPMorgan Chase & Co. bought a new stake in XPLR Infrastructure in the 2nd quarter valued at $55,000. Finally, MAI Capital Management bought a new stake in XPLR Infrastructure in the 2nd quarter valued at $94,000. Institutional investors and hedge funds own 66.01% of the company's stock.
XPLR Infrastructure Company Profile
(
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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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