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Energy XXI (Bermuda) Limited (NASDAQ:EXXI) was upgraded by equities researchers at Raymond James to a “strong-buy” rating in a research report issued on Monday.

A number of other analysts have also recently weighed in on EXXI. 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. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $33.75.

Energy XXI (NASDAQ:EXXI) opened at 20.66 on Monday. Energy XXI has a 52 week low of $19.94 and a 52 week high of $33.93. The stock’s 50-day moving average is $22.71 and its 200-day moving average is $24.58. The company has a market cap of $1.453 billion and a P/E ratio of 13.67.

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 declared a quarterly dividend, which is scheduled for Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend 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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