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

Key Points

• XPLR Infrastructure (NYSE:XIFR) has crossed above its 200-day moving average of $9.02, trading at a high of $10.60 with a current price of $10.39.
• Analysts have varying opinions on XIFR, with two Buy ratings, nine Holds, and two Sells, while the average price target is set at $16.92.
• The company reported quarterly earnings of $0.84 EPS, exceeding estimates but showing a decline in revenue of 5.0% compared to the same quarter last year.

XPLR Infrastructure, LP (NYSE:XIFR - Get Free Report)'s stock price passed 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.

Analysts Set New Price Targets

XIFR has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of XPLR Infrastructure from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. Jefferies Financial Group increased their price target on shares of XPLR Infrastructure from $13.00 to $16.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Barclays increased their price target on shares of XPLR Infrastructure from $9.00 to $11.00 and gave the stock an "underweight" rating in a report on Tuesday, August 12th. Finally, Mizuho decreased their price target 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. Two analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $16.92.

XPLR Infrastructure Stock Up 0.7%

The company has a market cap of $972.59 million, a PE ratio of -6.02 and a beta of 0.89. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.72 and a current ratio of 0.77. The stock's 50 day moving average price is $9.51 and its 200-day moving average price is $9.05.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) last announced its quarterly earnings results 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. The business had revenue of $342.00 million during the quarter, compared to analysts' expectations 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 was down 5.0% compared to the same quarter last year. On average, analysts predict that XPLR Infrastructure, LP will post 2.33 earnings per share for the current year.

Institutional Trading of XPLR Infrastructure

Institutional investors and hedge funds have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC purchased a new stake in XPLR Infrastructure in the second quarter worth about $25,000. JPMorgan Chase & Co. purchased a new stake in XPLR Infrastructure in the second quarter worth about $55,000. CANADA LIFE ASSURANCE Co purchased a new stake in XPLR Infrastructure in the second quarter worth about $77,000. MAI Capital Management purchased a new stake in XPLR Infrastructure in the second quarter worth about $94,000. Finally, Headlands Technologies LLC purchased a new stake in XPLR Infrastructure in the second quarter worth about $111,000. 66.01% of the stock is currently owned by hedge funds and other 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.