XPLR Infrastructure Target of Unusually Large Options Trading (NYSE:XIFR)

XPLR Infrastructure, LP (NYSE:XIFRGet Free Report) was the recipient of unusually large options trading activity on Monday. Traders purchased 35,079 put options on the stock. This is an increase of 1,045% compared to the typical volume of 3,065 put options.

Analysts Set New Price Targets

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

Get Our Latest Report on XPLR Infrastructure

Hedge Funds Weigh In On XPLR Infrastructure

Hedge funds and other institutional investors have recently bought and sold shares of the company. US Bancorp DE purchased a new position in shares of XPLR Infrastructure during the 3rd quarter worth approximately $28,000. Huntington National Bank lifted its stake in 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 buying an additional 2,698 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in XPLR Infrastructure during the 2nd quarter valued at $55,000. CANADA LIFE ASSURANCE Co purchased a new position in XPLR Infrastructure during the second quarter worth $77,000. Finally, SG Americas Securities LLC purchased a new position in XPLR Infrastructure during the fourth quarter worth $106,000. 66.01% of the stock is owned by institutional investors and hedge funds.

XPLR Infrastructure Price Performance

XIFR traded down $0.12 on Monday, hitting $11.70. 198,774 shares of the company were exchanged, compared to its average volume of 1,164,431. XPLR Infrastructure has a fifty-two week low of $7.99 and a fifty-two week high of $13.25. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.94 and a current ratio of 1.02. The firm has a market capitalization of $1.10 billion, a P/E ratio of 10.73 and a beta of 0.95. The business’s fifty day moving average is $11.22 and its 200 day moving average is $10.47.

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

XPLR Infrastructure Company Profile

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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.

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