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

Shares of 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 $9.81 and traded as high as $9.84. XPLR Infrastructure shares last traded at $9.52, with a volume of 1,300,431 shares.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Jefferies Financial Group raised their price objective on shares of XPLR Infrastructure from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Mizuho lowered their price objective on shares of XPLR Infrastructure from $15.00 to $12.00 and set a “neutral” rating on the stock in a research report on Monday, May 12th. Finally, Barclays boosted their target price on shares of XPLR Infrastructure from $6.00 to $9.00 and gave the stock an “underweight” rating in a research report on Monday, May 12th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $16.77.

XPLR Infrastructure Price Performance

The stock has a 50 day moving average of $8.82 and a two-hundred day moving average of $9.81. The stock has a market cap of $897.70 million, a PE ratio of -5.03 and a beta of 0.91. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.76 and a current ratio of 1.85.

XPLR Infrastructure (NYSE:XIFR) last announced its quarterly earnings results on Thursday, May 8th. The solar energy provider reported ($1.05) EPS for the quarter, missing the consensus estimate of $0.25 by ($1.30). XPLR Infrastructure had a negative net margin of 14.10% and a positive return on equity of 1.64%. During the same period in the prior year, the firm posted $0.75 earnings per share. The business’s revenue was up 9.7% on a year-over-year basis. Equities analysts anticipate that XPLR Infrastructure, LP will post 2.33 EPS for the current year.

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.