Energy XXI (Bermuda) Limited Hits New 12-Month Low at $19.97 (EXXI)
Energy XXI (Bermuda) Limited (NASDAQ:EXXI) shares hit a new 52-week low during mid-day trading on Thursday , American Banking & Market News reports. The stock traded as low as $19.97 and last traded at $20.40, with a volume of 1,855,098 shares traded. The stock had previously closed at $21.09.
Several analysts have recently commented on the stock. Analysts at Raymond James reiterated an “outperform” rating on shares of Energy XXI (Bermuda) Limited in a research note on Thursday, May 1st. They now have a $29.00 price target on the stock. Separately, 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. Finally, 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. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $33.32.
The stock’s 50-day moving average is $22.89 and its 200-day moving average is $24.69. The company has a market cap of $1.430 billion and a price-to-earnings ratio of 14.14.
Energy XXI (Bermuda) Limited (NASDAQ:EXXI) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.30 by $0.11. The company had revenue of $285.18 million for the quarter, compared to the consensus estimate of $285.12 million. On average, analysts predict that Energy XXI will post $1.25 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 13th. Investors of record on Friday, May 30th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Wednesday, May 28th.
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.