XPLR Infrastructure (NYSE:XIFR) Stock Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• XPLR Infrastructure crossed above its 200-day moving average (200‑day MA $9.97) and traded as high as $10.34, last at $10.265 on volume ~795,495 shares, up about 2.1%.
• Analyst sentiment is mixed—two Buys, three Holds and three Sells—with a consensus rating of "Reduce" and a $12.40 average price target after several recent downgrades and target cuts.
• Fundamentals are uneven: the company beat the quarter's EPS estimate ($0.30 vs. -$0.57) on $249M revenue (down 15.3% YoY), but posted a negative net margin (-2.27%) and analysts forecast -$0.67 EPS for the current fiscal year.

XPLR Infrastructure, LP (NYSE:XIFR - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $9.97 and traded as high as $10.34. XPLR Infrastructure shares last traded at $10.2650, with a volume of 795,495 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on XIFR shares. Weiss Ratings restated a "sell (d)" rating on shares of XPLR Infrastructure in a report on Monday, April 20th. Wall Street Zen lowered shares of XPLR Infrastructure from a "hold" rating to a "sell" rating in a report on Saturday, April 18th. Evercore reiterated a "hold" rating and issued a $10.80 target price on shares of XPLR Infrastructure in a report on Thursday, March 5th. Canadian Imperial Bank of Commerce cut their target price on shares of XPLR Infrastructure from $11.50 to $11.00 and set a "neutral" rating on the stock in a report on Monday, April 20th. Finally, Royal Bank Of Canada initiated coverage on shares of XPLR Infrastructure in a report on Tuesday, January 6th. They issued an "outperform" rating and a $14.00 target price on the stock. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus price target of $12.40.

XPLR Infrastructure Trading Up 2.1%

The company's fifty day simple moving average is $10.33 and its two-hundred day simple moving average is $9.97. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $967.89 million, a price-to-earnings ratio of -33.11 and a beta of 0.97.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) last posted its earnings results on Tuesday, February 10th. The solar energy provider reported $0.30 earnings per share for the quarter, topping the consensus estimate of ($0.57) by $0.87. The company had revenue of $249.00 million for the quarter. XPLR Infrastructure had a negative net margin of 2.27% and a positive return on equity of 1.54%. The company's revenue was down 15.3% compared to the same quarter last year. Research analysts forecast that XPLR Infrastructure, LP will post -0.67 earnings per share for the current fiscal year.

Institutional Investors Weigh In On XPLR Infrastructure

A number of hedge funds and other institutional investors have recently made changes to their positions in XIFR. Adage Capital Partners GP L.L.C. raised its holdings in shares of XPLR Infrastructure by 557.1% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 4,600,000 shares of the solar energy provider's stock worth $46,000,000 after acquiring an additional 3,900,000 shares during the period. Anchorage Capital Advisors L.P. raised its holdings in shares of XPLR Infrastructure by 109.8% during the fourth quarter. Anchorage Capital Advisors L.P. now owns 6,899,310 shares of the solar energy provider's stock worth $68,993,000 after acquiring an additional 3,610,961 shares during the period. ING Groep NV acquired a new stake in shares of XPLR Infrastructure during the third quarter worth $20,340,000. MUFG Securities EMEA plc acquired a new stake in shares of XPLR Infrastructure during the second quarter worth $16,400,000. Finally, Aventail Capital Group LP acquired a new stake in shares of XPLR Infrastructure during the third quarter worth $11,751,000. 66.01% of the stock is currently owned by institutional investors and hedge funds.

XPLR Infrastructure Company Profile

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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