XPLR Infrastructure (NYSE:XIFR) Shares Cross Above 200 Day Moving Average – Should You Sell?
by Tristan Rich · The Markets DailyXPLR Infrastructure, LP (NYSE:XIFR – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.43 and traded as high as $11.86. XPLR Infrastructure shares last traded at $11.6370, with a volume of 602,410 shares trading hands.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the stock. Wall Street Zen raised shares of XPLR Infrastructure from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Evercore set a $11.00 target price on shares of XPLR Infrastructure in a report on Monday, May 11th. Morgan Stanley boosted their target price on shares of XPLR Infrastructure from $11.00 to $12.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 20th. Canadian Imperial Bank of Commerce decreased their price target on shares of XPLR Infrastructure from $11.50 to $11.00 and set a “neutral” rating for the company in a report on Monday, April 20th. Finally, Weiss Ratings raised XPLR Infrastructure from a “sell (d)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, XPLR Infrastructure presently has a consensus rating of “Hold” and a consensus target price of $12.57.
View Our Latest Stock Analysis on XIFR
XPLR Infrastructure Stock Up 0.1%
The firm has a 50-day moving average price of $11.19 and a two-hundred day moving average price of $10.45. The company has a market capitalization of $1.12 billion, a P/E ratio of 10.86 and a beta of 0.95. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.53.
XPLR Infrastructure (NYSE:XIFR – Get Free Report) last announced its earnings results on Thursday, May 7th. The solar energy provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.72). XPLR Infrastructure had a return on equity of 0.98% and a net margin of 8.81%.The company had revenue of $275.00 million for the quarter. During the same quarter in the prior year, the business earned ($1.05) earnings per share. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. Equities research analysts anticipate that XPLR Infrastructure, LP will post -1.34 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Adage Capital Partners GP L.L.C. increased its stake in 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 valued at $46,000,000 after acquiring an additional 3,900,000 shares during the period. Anchorage Capital Advisors L.P. increased its position 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 valued at $68,993,000 after purchasing an additional 3,610,961 shares during the period. MUFG Securities EMEA plc acquired a new position in shares of XPLR Infrastructure in the second quarter valued at $16,400,000. Aventail Capital Group LP acquired a new position in shares of XPLR Infrastructure in the third quarter valued at $11,751,000. Finally, Endure Capital Management LLC bought a new position in XPLR Infrastructure in the first quarter worth $12,054,000. Institutional investors own 66.01% of the company’s stock.
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.