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Energy XXI (Bermuda) Limited (NASDAQ:EXXI) is scheduled to announce its Q414 earnings results on Wednesday, August 13th. Analysts expect the company to announce earnings of $0.26 per share and revenue of $320.25 million for the quarter.

Shares of Energy XXI (NASDAQ:EXXI) opened at 20.24 on Tuesday. Energy XXI has a 52 week low of $18.71 and a 52 week high of $33.93. The stock has a 50-day moving average of $21.49 and a 200-day moving average of $22.46. The company has a market cap of $1.424 billion and a P/E ratio of 13.40. Energy XXI (Bermuda) Limited also saw a large drop in short interest in July. As of July 31st, there was short interest totalling 11,937,025 shares, a drop of 7.4% from the July 15th total of 12,890,411 shares. Approximately 13.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,176,368 shares, the short-interest ratio is presently 10.1 days.

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 2.40%.

EXXI has been the subject of a number of recent research reports. 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. Analysts at Raymond James upgraded shares of Energy XXI (Bermuda) Limited from an “outperform” rating to a “strong-buy” rating in a research note on Monday, May 19th. They now have a $29.00 price target on the stock. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Energy XXI (Bermuda) Limited has a consensus rating of “Buy” and an average price target of $31.33.

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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