XPLR Infrastructure Sees Unusually High Options Volume (NYSE:XIFR)

XPLR Infrastructure, LP (NYSE:XIFR) saw unusually large options trading on Wednesday. Investors purchased 30,000 put options on the company. This represents an increase of approximately 1,584% compared to the average volume of 1,781 put options.

Institutional Investors Weigh In On XPLR Infrastructure

Several institutional investors and hedge funds have recently added to or reduced their stakes in XIFR. Nomura Holdings Inc. bought a new stake in XPLR Infrastructure during the 2nd quarter worth $46,948,000. Apollo Management Holdings L.P. bought a new position in XPLR Infrastructure in the second quarter valued at about $40,853,000. Adage Capital Partners GP L.L.C. boosted its stake in shares of XPLR Infrastructure by 557.1% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 4,600,000 shares of the solar energy provider’s stock valued at $46,000,000 after purchasing an additional 3,900,000 shares in the last quarter. Anchorage Capital Advisors L.P. boosted its stake in shares of 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 valued at $68,993,000 after purchasing an additional 3,610,961 shares in the last quarter. Finally, ING Groep NV bought a new stake in shares of XPLR Infrastructure during the third quarter worth about $20,340,000. 66.01% of the stock is currently owned by institutional investors.

XPLR Infrastructure Stock Down 2.1%

XIFR opened at $10.46 on Thursday. The stock has a fifty day moving average of $10.29 and a 200-day moving average of $9.98. The company has a market capitalization of $982.46 million, a P/E ratio of -33.73 and a beta of 1.01. XPLR Infrastructure has a fifty-two week low of $7.53 and a fifty-two week high of $11.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.84 and a current ratio of 0.91.

XPLR Infrastructure (NYSE:XIFR) last issued its quarterly earnings results on Tuesday, February 10th. The solar energy provider reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.57) by $0.87. XPLR Infrastructure had a positive return on equity of 1.54% and a negative net margin of 2.27%.The business’s revenue for the quarter was down 15.3% compared to the same quarter last year. On average, equities analysts expect that XPLR Infrastructure will post 2.33 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Evercore reissued a “hold” rating and issued a $10.80 target price on shares of XPLR Infrastructure in a research note on Thursday, March 5th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of XPLR Infrastructure in a research report on Wednesday, January 21st. Morgan Stanley cut their price target on shares of XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Tuesday, December 2nd. Mizuho set a $12.00 price objective on shares of XPLR Infrastructure in a research report on Wednesday, February 11th. Finally, Wall Street Zen upgraded shares of XPLR Infrastructure from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $12.33.

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.