XPLR Infrastructure (NYSE:XIFR) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

XPLR Infrastructure, LP (NYSE:XIFR) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.97 and traded as high as $10.42. XPLR Infrastructure shares last traded at $10.3210, with a volume of 454,481 shares.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Mizuho set a $12.00 target price on XPLR Infrastructure in a report on Wednesday, February 11th. Barclays boosted their price target on XPLR Infrastructure from $10.00 to $12.00 and gave the stock an “underweight” rating in a report on Thursday, February 12th. Evercore reaffirmed a “hold” rating and issued a $10.80 price objective on shares of XPLR Infrastructure in a research note on Thursday, March 5th. Wall Street Zen upgraded XPLR Infrastructure from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Finally, Morgan Stanley lowered their target price on XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $12.33.

XPLR Infrastructure Stock Performance

The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.84 and a current ratio of 0.91. The firm has a market cap of $969.86 million, a P/E ratio of -33.29 and a beta of 1.01. The company’s 50 day moving average is $10.26 and its 200 day moving average is $9.97.

XPLR Infrastructure (NYSE:XIFR) last posted its earnings results on Tuesday, February 10th. The solar energy provider reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.57) by $0.87. XPLR Infrastructure had a negative net margin of 2.27% and a positive return on equity of 1.54%. The business’s quarterly revenue was down 15.3% compared to the same quarter last year. As a group, equities analysts predict 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 company. Abundance Wealth Counselors bought a new stake in shares of XPLR Infrastructure in the third quarter worth $1,112,000. GraniteShares Advisors LLC bought a new position in XPLR Infrastructure during the 3rd quarter worth $1,763,000. DekaBank Deutsche Girozentrale acquired a new position in XPLR Infrastructure during the 3rd quarter worth about $1,299,000. Aberdeen Group plc bought a new stake in shares of XPLR Infrastructure in the 3rd quarter valued at about $7,044,000. Finally, ING Groep NV bought a new stake in shares of XPLR Infrastructure in the 3rd quarter valued at about $20,340,000. Institutional investors and hedge funds own 66.01% of the company’s stock.

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.