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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.