Energy XXI (Bermuda) Limited Sees Unusually High Options Volume (EXXI)
Energy XXI (Bermuda) Limited (NASDAQ:EXXI) was the target of unusually large options trading on Thursday. Stock investors purchased 13,604 put options on the company, American Banking & Market News reports. This represents an increase of 549% compared to the typical daily volume of 2,095 put options.
EXXI has been the subject of a number of recent research reports. Analysts at KLR Group upgraded shares of Energy XXI (Bermuda) Limited from an “accumulate” rating to a “buy” rating in a research note on Wednesday, February 12th. Separately, analysts at Needham & Company cut their price target on shares of Energy XXI (Bermuda) Limited from $42.00 to $34.00 in a research note on Monday, February 10th. They now have a “buy” rating on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Energy XXI (Bermuda) Limited from $38.00 to $36.00 in a research note on Monday, February 10th. They now have a “buy” rating on the stock. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $35.32.
Energy XXI (NASDAQ:EXXI) traded down 2.74% during mid-day trading on Thursday, hitting $23.04. 3,179,354 shares of the company’s stock traded hands. Energy XXI has a 52-week low of $20.40 and a 52-week high of $33.93. The stock’s 50-day moving average is $23.49 and its 200-day moving average is $27.00. The company has a market cap of $1.620 billion and a price-to-earnings ratio of 12.91.
Energy XXI (Bermuda) Limited (NASDAQ:EXXI) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by $0.33. The company had revenue of $296.82 million for the quarter, compared to the consensus estimate of $310.44 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. The company’s revenue for the quarter was down 7.4% on a year-over-year basis. Analysts expect that Energy XXI will post $1.49 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Wednesday, February 26th.
Energy XXI (NASDAQ:EXXI) Limited (Energy XXI) is an independent oil and natural gas exploration and production company with operations focused in the United States Gulf Coast and the Gulf of Mexico.
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