Energy XXI (Bermuda) Limited Given Consensus Recommendation of “Buy” by Analysts (NASDAQ:EXXI)
Energy XXI (Bermuda) Limited (NASDAQ:EXXI) has earned a consensus rating of “Buy” from the twelve ratings firms that are presently covering the stock, Analyst Ratings Net reports. Three research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $29.50.
A number of research firms have recently commented on EXXI. Analysts at KLR Group reiterated a “buy” rating on shares of Energy XXI (Bermuda) Limited in a research note on Friday, August 15th. They now have a $24.00 price target on the stock, up previously from $6.00. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Energy XXI (Bermuda) Limited in a research note on Friday, August 15th. They now have a $30.00 price target on the stock, down previously from $36.00. Finally, analysts at Howard Weil downgraded shares of Energy XXI (Bermuda) Limited from a “sector outperform” rating to a “sector perform” rating in a research note on Friday, August 15th. They now have a $28.00 price target on the stock, down previously from $34.00.
Shares of Energy XXI (NASDAQ:EXXI) traded down 1.52% on Friday, hitting $16.21. 695,150 shares of the company’s stock traded hands. Energy XXI has a 52-week low of $15.37 and a 52-week high of $33.93. The stock’s 50-day moving average is $19.99 and its 200-day moving average is $22.1. The company has a market cap of $1.519 billion and a price-to-earnings ratio of 25.72.
Energy XXI (Bermuda) Limited (NASDAQ:EXXI) last announced its earnings results on Wednesday, August 13th. The company reported ($0.06) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.26 by $0.32. The company had revenue of $324.13 million for the quarter, compared to the consensus estimate of $320.25 million. Analysts expect that Energy XXI will post $1.25 EPS for the current fiscal year.
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 2.92%. The ex-dividend date is Wednesday, August 27th.
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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