Energy XXI (Bermuda) Limited Given Consensus Rating of “Buy” by Analysts (NASDAQ:EXXI)
Energy XXI (Bermuda) Limited (NASDAQ:EXXI) has earned an average recommendation of “Buy” from the sixteen analysts that are covering the stock, Stock Ratings Network reports. Three analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $32.85.
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.
Shares of Energy XXI (NASDAQ:EXXI) opened at 21.69 on Friday. 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 $22.56 and a 200-day moving average of $23.0. The company has a market cap of $1.526 billion and a P/E ratio of 14.32.
Energy XXI (Bermuda) Limited (NASDAQ:EXXI) last posted its quarterly earnings results 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. Analysts expect that Energy XXI will post $1.13 EPS for the current fiscal year.
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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