XPLR Infrastructure (NYSE:XIFR) Shares Cross Above 200 Day Moving Average – Time to Sell?

XPLR Infrastructure, LP (NYSE:XIFR)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.54 and traded as high as $9.73. XPLR Infrastructure shares last traded at $9.6650, with a volume of 2,236,293 shares.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on XIFR. Wall Street Zen downgraded XPLR Infrastructure from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Barclays cut their target price on XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Thursday, November 6th. CIBC increased their price target on shares of XPLR Infrastructure from $11.00 to $11.50 and gave the company a “neutral” rating in a research report on Tuesday, October 21st. Morgan Stanley lowered their price target on shares of XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Tuesday, December 2nd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of XPLR Infrastructure in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, XPLR Infrastructure currently has an average rating of “Reduce” and a consensus target price of $13.45.

XPLR Infrastructure Stock Up 4.5%

The company has a market capitalization of $908.22 million, a price-to-earnings ratio of -5.72 and a beta of 0.99. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.69 and a current ratio of 0.75. The business’s 50 day moving average is $9.49 and its 200 day moving average is $9.54.

XPLR Infrastructure (NYSE:XIFR) last posted its quarterly earnings results on Tuesday, November 4th. The solar energy provider reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.30). XPLR Infrastructure had a positive return on equity of 2.01% and a negative net margin of 12.73%.The company had revenue of $315.00 million during the quarter, compared to analysts’ expectations of $331.56 million. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. Sell-side analysts anticipate that XPLR Infrastructure, LP will post 2.33 earnings per share for the current year.

Institutional Trading of XPLR Infrastructure

Hedge funds and other institutional investors have recently made changes to their positions in the business. Tudor Investment Corp ET AL grew its position in XPLR Infrastructure by 303.8% during the 3rd quarter. Tudor Investment Corp ET AL now owns 345,070 shares of the solar energy provider’s stock worth $3,509,000 after purchasing an additional 259,616 shares during the period. Investment Research Partners LLC acquired a new stake in XPLR Infrastructure during the third quarter worth about $394,000. Maven Securities LTD acquired a new position in XPLR Infrastructure in the third quarter valued at approximately $1,025,000. XTX Topco Ltd purchased a new stake in XPLR Infrastructure in the 3rd quarter worth approximately $918,000. Finally, Voleon Capital Management LP acquired a new stake in shares of XPLR Infrastructure during the 3rd quarter worth approximately $132,000. Institutional investors and hedge funds 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.