Insider Buying: John D. Schiller, Jr. Acquires 1,058 Shares of Energy XXI (Bermuda) Limited Stock (EXXI)
Energy XXI (Bermuda) Limited (NASDAQ:EXXI) CEO John D. Schiller, Jr. acquired 1,058 shares of Energy XXI (Bermuda) Limited 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 acquisition, 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 filing with the SEC, which is available at this link.
Shares of Energy XXI (NASDAQ:EXXI) opened at 23.55 on Wednesday. Energy XXI has a 52-week low of $19.94 and a 52-week high of $33.93. The stock has a 50-day moving average of $22.27 and a 200-day moving average of $23.3. The company has a market cap of $1.657 billion and a P/E ratio of 15.84. Energy XXI (Bermuda) Limited also saw a significant decrease in short interest in June. As of June 13th, there was short interest totalling 13,696,311 shares, a decrease of 23.7% from the May 30th total of 17,961,340 shares. Based on an average daily trading volume, of 2,228,787 shares, the short-interest ratio is currently 6.1 days. Approximately 20.3% of the company’s shares are sold short.
Energy XXI (Bermuda) Limited (NASDAQ:EXXI) last announced its earnings results on Wednesday, April 30th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the 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 $1.13 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on EXXI shares. 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 analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company 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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