Energy XXI (Bermuda) Limited Receives Consensus Rating of “Buy” from Brokerages (NASDAQ:EXXI)
Shares of Energy XXI (Bermuda) Limited (NASDAQ:EXXI) have received a consensus rating of “Buy” from the seventeen ratings firms that are covering the stock, AR Network reports. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $33.38.
Shares of Energy XXI (NASDAQ:EXXI) traded up 0.23% on Monday, hitting $23.595. 235,402 shares of the company’s stock traded hands. Energy XXI has a 1-year low of $20.40 and a 1-year high of $33.93. The stock has a 50-day moving average of $23.1 and a 200-day moving average of $25.89. The company has a market cap of $1.659 billion and a P/E ratio of 12.83.
Energy XXI (Bermuda) Limited (NASDAQ:EXXI) last issued its quarterly earnings data 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. On average, analysts predict that Energy XXI will post $1.31 earnings per share for the current fiscal year.
EXXI has been the subject of a number of recent research reports. Analysts at Cowen and Company cut their price target on shares of Energy XXI (Bermuda) Limited from $40.00 to $30.00 in a research note on Friday, March 28th. Separately, analysts at Guggenheim cut their price target on shares of Energy XXI (Bermuda) Limited from $27.00 to $26.00 in a research note on Wednesday, March 19th. Finally, analysts at Stifel Nicolaus initiated coverage on shares of Energy XXI (Bermuda) Limited in a research note on Thursday, March 13th. They set a “hold” rating on the stock.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.