Traders Buy High Volume of Put Options on XPLR Infrastructure (NYSE:XIFR)

XPLR Infrastructure, LP (NYSE:XIFR) was the target of some unusual options trading on Monday. Traders bought 35,079 put options on the company. This is an increase of approximately 1,045% compared to the average volume of 3,065 put options.

XPLR Infrastructure Trading Down 1.1%

Shares of XPLR Infrastructure stock traded down $0.12 during trading hours on Monday, reaching $11.70. 198,774 shares of the company’s stock were exchanged, compared to its average volume of 1,164,431. XPLR Infrastructure has a 52-week low of $7.99 and a 52-week high of $13.25. The company has a fifty day moving average of $11.22 and a 200-day moving average of $10.47. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 10.73 and a beta of 0.95.

XPLR Infrastructure (NYSE:XIFR) last announced its quarterly earnings data on Thursday, May 7th. The solar energy provider reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.72). The business had revenue of $275.00 million during the quarter. XPLR Infrastructure had a net margin of 8.81% and a return on equity of 0.98%. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period in the prior year, the company posted ($1.05) earnings per share. Sell-side analysts forecast that XPLR Infrastructure will post -1.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on XIFR. Canadian Imperial Bank of Commerce cut their target price on shares of XPLR Infrastructure from $11.50 to $11.00 and set a “neutral” rating for the company in a research note on Monday, April 20th. Evercore set a $11.00 price target on shares of XPLR Infrastructure in a research note on Monday, May 11th. Morgan Stanley lifted their price target on shares of XPLR Infrastructure from $11.00 to $12.00 and gave the stock an “underweight” rating in a report on Wednesday, May 20th. Wall Street Zen raised shares of XPLR Infrastructure from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Finally, Weiss Ratings raised shares of XPLR Infrastructure from a “sell (d)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, XPLR Infrastructure has an average rating of “Hold” and a consensus target price of $12.57.

Institutional Trading of XPLR Infrastructure

A number of hedge funds have recently added to or reduced their stakes in the business. 180 Wealth Advisors LLC grew its stake in XPLR Infrastructure by 3.2% in the 4th quarter. 180 Wealth Advisors LLC now owns 32,861 shares of the solar energy provider’s stock valued at $329,000 after buying an additional 1,014 shares during the last quarter. Stifel Financial Corp lifted its position in XPLR Infrastructure by 7.7% during the 4th quarter. Stifel Financial Corp now owns 22,786 shares of the solar energy provider’s stock worth $228,000 after acquiring an additional 1,637 shares during the last quarter. Deutsche Bank AG lifted its position in XPLR Infrastructure by 8.4% during the 4th quarter. Deutsche Bank AG now owns 27,521 shares of the solar energy provider’s stock worth $275,000 after acquiring an additional 2,125 shares during the last quarter. Central Pacific Bank Trust Division boosted its holdings in XPLR Infrastructure by 14.7% during the fourth quarter. Central Pacific Bank Trust Division now owns 19,500 shares of the solar energy provider’s stock valued at $195,000 after acquiring an additional 2,500 shares during the period. Finally, Kestra Advisory Services LLC boosted its holdings in XPLR Infrastructure by 7.3% during the first quarter. Kestra Advisory Services LLC now owns 38,493 shares of the solar energy provider’s stock valued at $409,000 after acquiring an additional 2,616 shares during the period. 66.01% of the stock is 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.