Traders Purchase Large Volume of Put Options on XPLR Infrastructure (NYSE:XIFR)

XPLR Infrastructure, LP (NYSE:XIFR) was the target of some unusual options trading activity on Wednesday. Stock traders acquired 30,000 put options on the stock. This represents an increase of approximately 1,584% compared to the average volume of 1,781 put options.

Institutional Investors Weigh In On XPLR Infrastructure

Hedge funds and other institutional investors have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC purchased a new position in shares of XPLR Infrastructure during the second quarter valued at approximately $25,000. US Bancorp DE purchased a new stake in shares of XPLR Infrastructure in the 3rd quarter worth approximately $28,000. Huntington National Bank increased its position in XPLR Infrastructure by 715.6% during the 4th quarter. Huntington National Bank now owns 3,075 shares of the solar energy provider’s stock valued at $31,000 after buying an additional 2,698 shares in the last quarter. Future Financial Wealth Managment LLC bought a new position in XPLR Infrastructure during the 3rd quarter valued at approximately $55,000. Finally, JPMorgan Chase & Co. purchased a new position in XPLR Infrastructure during the second quarter valued at $55,000. Hedge funds and other institutional investors own 66.01% of the company’s stock.

Analysts Set New Price Targets

XIFR has been the subject of several research reports. Evercore restated a “hold” rating and issued a $10.80 price objective on shares of XPLR Infrastructure in a report on Thursday, March 5th. Barclays boosted their price target on shares of XPLR Infrastructure from $10.00 to $12.00 and gave the company an “underweight” rating in a research report on Thursday, February 12th. Morgan Stanley decreased their price target on shares of XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Tuesday, December 2nd. Wall Street Zen upgraded shares of XPLR Infrastructure from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Mizuho set a $12.00 price objective on XPLR Infrastructure in a research report on Wednesday, February 11th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $12.33.

XPLR Infrastructure Stock Down 2.0%

Shares of XIFR stock traded down $0.21 during mid-day trading on Wednesday, reaching $10.47. 83,246 shares of the company’s stock traded hands, compared to its average volume of 1,428,897. The company’s 50-day moving average price is $10.29 and its 200-day moving average price is $9.98. The company has a market cap of $983.87 million, a P/E ratio of -33.77 and a beta of 1.01. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 0.50. XPLR Infrastructure has a 12 month low of $7.53 and a 12 month high of $11.43.

XPLR Infrastructure (NYSE:XIFR) last issued its quarterly earnings results on Tuesday, February 10th. The solar energy provider reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. XPLR Infrastructure’s quarterly revenue was down 15.3% on a year-over-year basis. On average, equities analysts expect that XPLR Infrastructure will post 2.33 earnings per share for the current fiscal 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.