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

XPLR Infrastructure, LP (NYSE:XIFR - Get Free Report) saw some unusual options trading activity on Wednesday. Investors purchased 6,854 call options on the stock. This is an increase of 121% compared to the typical daily volume of 3,095 call options.

XPLR Infrastructure Price Performance

Shares of NYSE XIFR traded down $0.28 during trading on Friday, reaching $9.44. The company had a trading volume of 1,406,135 shares, compared to its average volume of 3,291,202. The company has a current ratio of 2.02, a quick ratio of 1.78 and a debt-to-equity ratio of 0.37. XPLR Infrastructure has a twelve month low of $7.97 and a twelve month high of $35.15. The stock has a 50-day moving average price of $10.03 and a two-hundred day moving average price of $16.90. The stock has a market capitalization of $887.00 million, a PE ratio of -94.40 and a beta of 1.13.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The solar energy provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate 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, sell-side analysts predict that XPLR Infrastructure will post 2.33 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in XIFR. Avion Wealth lifted its position in XPLR Infrastructure by 610.2% during the fourth quarter. Avion Wealth now owns 2,642 shares of the solar energy provider's stock worth $47,000 after buying an additional 2,270 shares during the period. McIlrath & Eck LLC purchased a new position in shares of XPLR Infrastructure during the 3rd quarter worth about $63,000. Central Pacific Bank Trust Division boosted its position in shares of 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 acquiring an additional 3,750 shares during the last quarter. Truist Financial Corp grew 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 valued at $204,000 after purchasing an additional 1,049 shares during the period. Finally, Wealthcare Advisory Partners LLC acquired a new position in XPLR Infrastructure during the fourth quarter worth approximately $211,000. Hedge funds and other institutional investors own 66.01% of the company's stock.

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Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on XIFR shares. Scotiabank lowered their target price on shares of XPLR Infrastructure from $15.00 to $12.00 and set a "sector perform" rating on the stock in a report on Wednesday, January 29th. Guggenheim dropped their target price on XPLR Infrastructure from $17.00 to $12.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 29th. Wells Fargo & Company cut their target price on 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. Barclays dropped their price objective on XPLR Infrastructure from $17.00 to $7.00 and set an "underweight" rating on the stock in a report on Monday, February 3rd. Finally, CIBC reduced their target price on XPLR Infrastructure from $26.00 to $21.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, XPLR Infrastructure currently has a consensus rating of "Hold" and a consensus 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.