Stock Traders Purchase Large Volume of Energy XXI (Bermuda) Limited Call Options (EXXI)
Shares of Energy XXI (Bermuda) Limited (NASDAQ:EXXI) saw unusually large options trading activity on Tuesday. Stock investors bought 2,132 call options on the stock, AnalystRatings.Net reports. This is an increase of approximately 135% compared to the average daily volume of 906 call options.
EXXI has been the subject of a number of recent research reports. 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 research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Energy XXI (Bermuda) Limited presently has a consensus rating of “Buy” and a consensus target price of $30.62.
Shares of Energy XXI (NASDAQ:EXXI) traded down 4.01% during mid-day trading on Tuesday, hitting $19.14. The stock had a trading volume of 2,332,153 shares. Energy XXI has a one year low of $18.71 and a one year high of $33.93. The stock’s 50-day moving average is $22.0 and its 200-day moving average is $22.6. The company has a market cap of $1.346 billion and a P/E ratio of 13.36.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 12th. Investors of record on Friday, August 29th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.51%.
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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