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

XPLR Infrastructure, LP (NYSE:XIFR) was the recipient of some unusual options trading activity on Wednesday. Traders purchased 34,185 put options on the stock. This represents an increase of 962% compared to the average daily volume of 3,220 put options.

XPLR Infrastructure Stock Performance

Shares of XPLR Infrastructure stock opened at $11.82 on Friday. XPLR Infrastructure has a 52 week low of $8.68 and a 52 week high of $13.25. The business’s fifty day simple moving average is $12.02 and its 200-day simple moving average is $10.99. The firm has a market cap of $1.11 billion, a PE ratio of 18.19 and a beta of 0.94. The company has a quick ratio of 0.94, a current ratio of 1.27 and a debt-to-equity ratio of 0.56.

XPLR Infrastructure (NYSE:XIFR) last issued its quarterly earnings data on Tuesday, July 28th. The solar energy provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.50) by $0.90. The firm had revenue of $363.00 million during the quarter. XPLR Infrastructure had a return on equity of 0.61% and a net margin of 5.24%.During the same period in the previous year, the business posted $0.84 earnings per share. Equities analysts forecast that XPLR Infrastructure will post -1.41 earnings per share for the current year.

Wall Street Analyst Weigh In

XIFR has been the topic of several analyst reports. Evercore set a $11.00 price target on shares of XPLR Infrastructure in a research report on Monday, May 11th. Mizuho upped their price objective on shares of XPLR Infrastructure from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Wednesday. Weiss Ratings raised shares of XPLR Infrastructure from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 1st. Canadian Imperial Bank of Commerce restated a “neutral” rating and set a $12.00 target price on shares of XPLR Infrastructure in a research report on Friday, July 17th. Finally, Morgan Stanley lifted their price target on XPLR Infrastructure from $11.00 to $12.00 and gave the company an “underweight” rating in a research note on Wednesday, May 20th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, XPLR Infrastructure presently has a consensus rating of “Reduce” and a consensus price target of $12.33.

Institutional Investors Weigh In On XPLR Infrastructure

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its position in shares of XPLR Infrastructure by 4,489.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 308,021 shares of the solar energy provider’s stock worth $3,133,000 after purchasing an additional 301,310 shares during the period. Tudor Investment Corp ET AL increased its holdings in XPLR Infrastructure by 303.8% in the 3rd quarter. Tudor Investment Corp ET AL now owns 345,070 shares of the solar energy provider’s stock valued at $3,509,000 after purchasing an additional 259,616 shares during the last quarter. Endure Capital Management LLC purchased a new stake in XPLR Infrastructure in the first quarter valued at approximately $12,054,000. Gamco Investors INC. ET AL raised its position in XPLR Infrastructure by 25.3% in the fourth quarter. Gamco Investors INC. ET AL now owns 575,168 shares of the solar energy provider’s stock valued at $5,752,000 after purchasing an additional 116,227 shares during the period. Finally, Anchorage Capital Advisors L.P. lifted its stake in XPLR Infrastructure by 109.8% during the fourth quarter. Anchorage Capital Advisors L.P. now owns 6,899,310 shares of the solar energy provider’s stock worth $68,993,000 after purchasing an additional 3,610,961 shares in the last quarter. 66.01% of the stock is owned by hedge funds and other institutional investors.

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.