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Energy XXI (Bermuda) Limited (NASDAQ:EXXI) CEO John D. Schiller, Jr. bought 1,058 shares of the company’s stock in a transaction that occurred on Monday, June 30th. The shares were purchased at an average price of $20.09 per share, for a total transaction of $21,255.22. Following the completion of the transaction, the chief executive officer now directly owns 1,224,711 shares of the company’s stock, valued at approximately $24,604,444. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Energy XXI (NASDAQ:EXXI) opened at 23.63 on Tuesday. Energy XXI has a 1-year low of $19.94 and a 1-year high of $33.93. The stock’s 50-day moving average is $22.2 and its 200-day moving average is $23.3. The company has a market cap of $1.662 billion and a price-to-earnings ratio of 15.84. Energy XXI (Bermuda) Limited also was the target of a significant decline in short interest in the month of June. As of June 13th, there was short interest totalling 13,696,311 shares, a decline of 23.7% from the May 30th total of 17,961,340 shares. Based on an average daily volume of 2,228,787 shares, the short-interest ratio is presently 6.1 days. Approximately 20.3% of the company’s shares are sold short.

Energy XXI (Bermuda) Limited (NASDAQ:EXXI) last released its earnings data on Wednesday, April 30th. The company reported $0.19 earnings per share for the quarter, missing the analysts’ 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. Analysts expect that Energy XXI will post $1.13 EPS for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Energy XXI (Bermuda) Limited from an “underperform” rating to a “neutral” rating in a research note on Thursday, June 26th. They now have a $24.20 price target on the stock. Separately, analysts at BMO Capital Markets initiated coverage on shares of Energy XXI (Bermuda) Limited in a research note on Tuesday, May 27th. They set an “outperform” rating and a $28.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Energy XXI (Bermuda) Limited presently has an average rating of “Buy” and an average target price of $32.85.

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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