XPLR Infrastructure (NYSE:XIFR) Stock Passes Above 200-Day Moving Average – Here’s Why

XPLR Infrastructure, LP (NYSE:XIFR) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.77 and traded as high as $12.68. XPLR Infrastructure shares last traded at $12.4260, with a volume of 922,368 shares traded.

Analyst Ratings Changes

Several research firms recently weighed in on XIFR. Canadian Imperial Bank of Commerce dropped their price objective on XPLR Infrastructure from $11.50 to $11.00 and set a “neutral” rating for the company in a research note on Monday, April 20th. Weiss Ratings raised XPLR Infrastructure from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 1st. Wall Street Zen raised XPLR Infrastructure from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Morgan Stanley raised their price target on XPLR Infrastructure from $11.00 to $12.00 and gave the company an “underweight” rating in a research report on Wednesday, May 20th. Finally, Evercore set a $11.00 price target on XPLR Infrastructure in a research note on Monday, May 11th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $12.00.

XPLR Infrastructure Price Performance

The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 0.94. The firm has a market capitalization of $1.15 billion, a PE ratio of 11.21 and a beta of 0.94. The company has a 50-day moving average price of $11.79 and a 200-day moving average price of $10.78.

XPLR Infrastructure (NYSE:XIFR) last posted its quarterly earnings data on Thursday, May 7th. The solar energy provider reported $0.35 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 period in the previous year, the company posted ($1.05) EPS. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. Sell-side analysts forecast that XPLR Infrastructure, LP will post -1.34 EPS for the current year.

Institutional Investors Weigh In On XPLR Infrastructure

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Adage Capital Partners GP L.L.C. raised its position in shares of XPLR Infrastructure by 557.1% in 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 buying an additional 3,900,000 shares during the last quarter. Anchorage Capital Advisors L.P. boosted its position in 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 last quarter. MUFG Securities EMEA plc purchased a new stake in XPLR Infrastructure in the 2nd quarter worth approximately $16,400,000. Aventail Capital Group LP purchased a new stake in XPLR Infrastructure in the 3rd quarter worth approximately $11,751,000. Finally, Endure Capital Management LLC acquired a new position in XPLR Infrastructure in the 1st quarter valued at $12,054,000. 66.01% of the stock is currently 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.