XPLR Infrastructure (NYSE:XIFR) Share Price Passes Above 200-Day Moving Average - Here's Why

Key Points

• XPLR Infrastructure's stock price recently surpassed its 200-day moving average of $9.11, reaching a high of $10.11 during trading on Thursday.
• Analysts' ratings are mixed, with two giving a Buy rating, nine a Hold, and two a Sell rating; the consensus rating is currently Hold with an average price target of $16.92.
• The company reported an EPS of $0.84 for the last quarter, significantly exceeding expectations, but also noted a 5% decline in revenue year-over-year.

XPLR Infrastructure, LP (NYSE:XIFR - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $9.11 and traded as high as $10.11. XPLR Infrastructure shares last traded at $10.08, with a volume of 1,998,415 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on XIFR shares. Jefferies Financial Group raised their price objective on shares of XPLR Infrastructure from $13.00 to $16.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Wall Street Zen downgraded shares of XPLR Infrastructure from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. Finally, Barclays upped their price objective on XPLR Infrastructure from $9.00 to $11.00 and gave the stock an "underweight" rating in a research report on Tuesday, August 12th. Two analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, XPLR Infrastructure has an average rating of "Hold" and an average target price of $16.92.

XPLR Infrastructure Price Performance

The firm has a market capitalization of $918.09 million, a PE ratio of -5.68 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 company has a fifty day moving average price of $9.77 and a two-hundred day moving average price of $9.14.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of XIFR. Steward Partners Investment Advisory LLC acquired a new position in XPLR Infrastructure in the second quarter valued at $25,000. JPMorgan Chase & Co. acquired a new position in shares of XPLR Infrastructure in the second quarter valued at approximately $55,000. CANADA LIFE ASSURANCE Co acquired a new stake in shares of XPLR Infrastructure during the second quarter worth $77,000. MAI Capital Management purchased a new position in XPLR Infrastructure in the 2nd quarter valued at $94,000. Finally, Headlands Technologies LLC acquired a new position in XPLR Infrastructure in the 2nd quarter valued at $111,000. 66.01% of the stock is owned by hedge funds and other institutional investors.

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.