Traders Buy Large Volume of XPLR Infrastructure Call Options (NYSE:XIFR)

XPLR Infrastructure, LP (NYSE:XIFR) saw unusually large options trading on Wednesday. Investors bought 6,854 call options on the company. This represents an increase of approximately 121% compared to the average daily volume of 3,095 call options.

Institutional Trading of XPLR Infrastructure

Institutional investors have recently bought and sold shares of the business. Avion Wealth grew its stake in shares of XPLR Infrastructure by 610.2% during the fourth quarter. Avion Wealth now owns 2,642 shares of the solar energy provider’s stock worth $47,000 after purchasing an additional 2,270 shares during the period. McIlrath & Eck LLC bought a new position in XPLR Infrastructure during the third quarter worth about $63,000. Central Pacific Bank Trust Division grew its position in shares of XPLR Infrastructure by 153.1% during the 4th quarter. Central Pacific Bank Trust Division now owns 6,200 shares of the solar energy provider’s stock worth $110,000 after buying an additional 3,750 shares during the period. Truist Financial Corp increased its stake in shares of XPLR Infrastructure by 10.1% in the 4th quarter. Truist Financial Corp now owns 11,434 shares of the solar energy provider’s stock valued at $204,000 after acquiring an additional 1,049 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC acquired a new stake in shares of XPLR Infrastructure in the 4th quarter valued at approximately $211,000. Institutional investors and hedge funds own 66.01% of the company’s stock.

XPLR Infrastructure Trading Down 2.7 %

XIFR stock opened at $9.55 on Thursday. The company has a quick ratio of 1.78, a current ratio of 2.02 and a debt-to-equity ratio of 0.37. XPLR Infrastructure has a twelve month low of $7.97 and a twelve month high of $35.15. The company has a market cap of $897.34 million, a P/E ratio of -95.50 and a beta of 1.13. The business has a fifty day moving average of $10.47 and a 200-day moving average of $17.16.

XPLR Infrastructure (NYSE:XIFR) last released its earnings results on Tuesday, January 28th. The solar energy provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.20. XPLR Infrastructure had a negative net margin of 0.73% and a positive return on equity of 1.34%. As a group, equities research analysts expect that XPLR Infrastructure will post 2.33 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on XIFR shares. Morgan Stanley restated an “underweight” rating and issued a $13.00 target price (down from $22.00) on shares of XPLR Infrastructure in a research note on Monday, February 3rd. CIBC reduced their price objective on shares of XPLR Infrastructure from $26.00 to $21.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Jefferies Financial Group lowered their target price on shares of XPLR Infrastructure from $25.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. JPMorgan Chase & Co. cut their price target on shares of XPLR Infrastructure from $22.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company lowered their price objective on XPLR Infrastructure from $33.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, thirteen have issued 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 $20.27.

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.