Investors Buy Large Volume of Put Options on XPLR Infrastructure (NYSE:XIFR)

XPLR Infrastructure, LP (NYSE:XIFR) was the recipient of unusually large options trading activity on Wednesday. Traders acquired 34,185 put options on the company. This represents an increase of approximately 962% compared to the typical daily volume of 3,220 put options.

XPLR Infrastructure Price Performance

Shares of NYSE XIFR traded down $0.48 during trading on Wednesday, reaching $11.34. The company had a trading volume of 1,016,970 shares, compared to its average volume of 1,149,111. XPLR Infrastructure has a 52 week low of $8.68 and a 52 week high of $13.25. The business’s 50 day moving average price is $12.03 and its 200-day moving average price is $10.98. The stock has a market cap of $1.07 billion, a PE ratio of 10.40 and a beta of 0.94. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.94 and a current ratio of 1.02.

XPLR Infrastructure (NYSE:XIFR) last released its earnings results on Tuesday, July 28th. The solar energy provider reported $0.40 EPS for the quarter, beating the consensus estimate of ($0.50) by $0.90. The company had revenue of $363.00 million during the quarter. XPLR Infrastructure had a return on equity of 0.98% and a net margin of 8.81%.During the same period last year, the business posted $0.84 earnings per share. Analysts expect that XPLR Infrastructure will post -1.41 earnings per share for the current year.

Institutional Investors Weigh In On XPLR Infrastructure

Several large investors have recently bought and sold shares of the company. US Bancorp DE acquired a new stake in shares of XPLR Infrastructure during the third quarter worth about $28,000. Huntington National Bank grew its position in shares of XPLR Infrastructure by 715.6% in the 4th quarter. Huntington National Bank now owns 3,075 shares of the solar energy provider’s stock valued at $31,000 after purchasing an additional 2,698 shares during the period. JPMorgan Chase & Co. bought a new stake in XPLR Infrastructure during the 2nd quarter worth approximately $55,000. CANADA LIFE ASSURANCE Co bought a new stake in XPLR Infrastructure during the 2nd quarter worth approximately $77,000. Finally, SG Americas Securities LLC acquired a new stake in XPLR Infrastructure during the 4th quarter worth approximately $106,000. Institutional investors own 66.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on XIFR. Morgan Stanley upped their target price 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. Wall Street Zen raised XPLR Infrastructure from a “sell” rating to a “hold” rating in a report on Sunday. Mizuho upped their price objective on XPLR Infrastructure from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Wednesday. Weiss Ratings upgraded XPLR Infrastructure from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 1st. Finally, Evercore set a $11.00 target price on XPLR Infrastructure in a report on Monday, May 11th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $12.33.

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.