Traders Purchase High Volume of Call Options on XPLR Infrastructure (NYSE:XIFR)

XPLR Infrastructure, LP (NYSE:XIFR) was the target of some unusual options trading on Wednesday. Investors acquired 6,854 call options on the stock. This represents an increase of approximately 121% compared to the average daily volume of 3,095 call options.

XPLR Infrastructure Trading Up 1.6 %

NYSE:XIFR opened at $9.68 on Friday. The stock has a market cap of $909.55 million, a PE ratio of -96.80 and a beta of 1.13. XPLR Infrastructure has a fifty-two week low of $7.97 and a fifty-two week high of $35.15. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.02 and a quick ratio of 1.78. The stock’s 50-day moving average is $10.18 and its two-hundred day moving average is $17.06.

XPLR Infrastructure (NYSE:XIFR) last announced its quarterly earnings data on Tuesday, January 28th. The solar energy provider reported $0.99 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 forecast that XPLR Infrastructure will post 2.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On XPLR Infrastructure

A number of hedge funds have recently modified their holdings of the stock. Avion Wealth grew its stake in XPLR Infrastructure by 610.2% in the fourth quarter. Avion Wealth now owns 2,642 shares of the solar energy provider’s stock valued at $47,000 after purchasing an additional 2,270 shares in the last quarter. McIlrath & Eck LLC bought a new stake in shares of XPLR Infrastructure in the 3rd quarter valued at approximately $63,000. Central Pacific Bank Trust Division increased its holdings in XPLR Infrastructure by 153.1% in the fourth 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 last quarter. Truist Financial Corp increased its holdings in XPLR Infrastructure by 10.1% in the fourth quarter. Truist Financial Corp now owns 11,434 shares of the solar energy provider’s stock worth $204,000 after buying an additional 1,049 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC bought a new position in XPLR Infrastructure during the fourth quarter valued at approximately $211,000. 66.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their target price on XPLR Infrastructure from $22.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, January 23rd. BMO Capital Markets reaffirmed a “market perform” rating and issued a $18.00 price objective (down previously from $26.00) on shares of XPLR Infrastructure in a research note on Monday, January 13th. Wells Fargo & Company cut their target price on shares of XPLR Infrastructure from $33.00 to $13.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Guggenheim decreased their price target on shares of XPLR Infrastructure from $17.00 to $12.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. Finally, BNP Paribas upgraded XPLR Infrastructure from an “underperform” rating to a “neutral” rating in a research report on Monday, February 3rd. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average 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.