XPLR Infrastructure (NYSE:XIFR) Stock Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• XPLR Infrastructure stock recently crossed above its two hundred day moving average at $9.00, with it trading as high as $9.88 and currently at $9.60.
• Analysts have mixed views on XPLR Infrastructure, with Barclays raising the price target to $11.00 while Jefferies increased it to $16.00, resulting in a consensus rating of "Hold" and a target price of $16.92.
• In its most recent earnings report, XPLR Infrastructure exceeded earnings expectations with $0.84 per share, but its revenue of $342 million fell short of the forecasted $359.64 million.

XPLR Infrastructure, LP (NYSE:XIFR - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.00 and traded as high as $9.88. XPLR Infrastructure shares last traded at $9.60, with a volume of 995,988 shares.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Wall Street Zen downgraded XPLR Infrastructure from a "hold" rating to a "sell" rating in a research report on Saturday. Mizuho decreased their target price on XPLR Infrastructure from $15.00 to $12.00 and set a "neutral" rating for the company in a research note on Monday, May 12th. Jefferies Financial Group raised their price objective on XPLR Infrastructure from $13.00 to $16.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Finally, Barclays raised their target price on XPLR Infrastructure from $9.00 to $11.00 and gave the company an "underweight" rating in a report on Tuesday, August 12th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $16.92.

XPLR Infrastructure Price Performance

The stock has a market cap of $932.18 million, a P/E ratio of -5.77 and a beta of 0.86. The firm has a 50-day moving average price of $9.01 and a 200-day moving average price of $8.93. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.76 and a current ratio of 0.77.

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, beating analysts' consensus estimates of $0.20 by $0.64. The company had revenue of $342.00 million during the quarter, compared to analyst estimates 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 revenue for the quarter was down 5.0% on a year-over-year basis. On average, analysts forecast that XPLR Infrastructure, LP will post 2.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On XPLR Infrastructure

Institutional investors and hedge funds have recently bought and sold shares of the stock. MUFG Securities EMEA plc bought a new stake in XPLR Infrastructure during the second quarter valued at about $16,400,000. Ardsley Advisory Partners LP bought a new stake in XPLR Infrastructure during the second quarter valued at about $5,986,000. Qube Research & Technologies Ltd bought a new stake in XPLR Infrastructure during the second quarter valued at about $4,220,000. Balyasny Asset Management L.P. bought a new stake in XPLR Infrastructure during the second quarter valued at about $4,192,000. Finally, Gabelli Funds LLC bought a new stake in XPLR Infrastructure during the second quarter valued at about $4,009,000. 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.