XPLR Infrastructure (NYSE:XIFR) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

XPLR Infrastructure, LP (NYSE:XIFR) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $10.31 and traded as high as $11.87. XPLR Infrastructure shares last traded at $11.7180, with a volume of 891,268 shares trading hands.

Analyst Ratings Changes

XIFR has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of XPLR Infrastructure from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Barclays lifted their price objective on shares of XPLR Infrastructure from $10.00 to $12.00 and gave the company an “underweight” rating in a research note on Thursday, February 12th. Morgan Stanley lifted their price objective on shares of XPLR Infrastructure from $11.00 to $12.00 and gave the company an “underweight” rating in a research note on Wednesday, May 20th. Evercore set a $11.00 price objective on shares of XPLR Infrastructure in a research note on Monday, May 11th. Finally, Canadian Imperial Bank of Commerce dropped their price objective on shares of XPLR Infrastructure from $11.50 to $11.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, XPLR Infrastructure currently has an average rating of “Hold” and a consensus target price of $12.57.

XPLR Infrastructure Price Performance

The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.94 and a current ratio of 1.02. The company has a 50-day simple moving average of $11.06 and a 200-day simple moving average of $10.35. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 10.53 and a beta of 0.95.

XPLR Infrastructure (NYSE:XIFR) last released its earnings results on Thursday, May 7th. The solar energy provider reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.72). XPLR Infrastructure had a return on equity of 0.98% and a net margin of 8.81%.The business had revenue of $275.00 million for the quarter. During the same quarter last year, the firm earned ($1.05) EPS. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. As a group, research analysts predict that XPLR Infrastructure, LP will post -0.32 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Adage Capital Partners GP L.L.C. lifted its holdings 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 purchasing an additional 3,900,000 shares in the last quarter. Anchorage Capital Advisors L.P. grew its holdings in shares of XPLR Infrastructure by 109.8% during the 4th quarter. Anchorage Capital Advisors L.P. now owns 6,899,310 shares of the solar energy provider’s stock worth $68,993,000 after purchasing an additional 3,610,961 shares during the period. ING Groep NV purchased a new position in shares of XPLR Infrastructure in the 3rd quarter valued at $20,340,000. MUFG Securities EMEA plc purchased a new position in shares of XPLR Infrastructure in the 2nd quarter valued at $16,400,000. Finally, Aventail Capital Group LP purchased a new position in shares of XPLR Infrastructure in the 3rd quarter valued at $11,751,000. 66.01% of the stock is currently owned by institutional investors and hedge funds.

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.