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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.

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