Energy XXI (Bermuda) Limited Given Consensus Recommendation of “Buy” by Analysts (NASDAQ:EXXI)
Shares of Energy XXI (Bermuda) Limited (NASDAQ:EXXI) have earned an average rating of “Buy” from the twelve brokerages that are covering the stock, AmericanBankingNews.com reports. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $29.50.
Energy XXI (NASDAQ:EXXI) opened at 16.45 on Friday. Energy XXI has a 52 week low of $15.37 and a 52 week high of $33.93. The stock has a 50-day moving average of $19.70 and a 200-day moving average of $22.01. The company has a market cap of $1.542 billion and a P/E ratio of 25.33.
Energy XXI (Bermuda) Limited (NASDAQ:EXXI) last released its earnings data on Wednesday, August 13th. The company reported ($0.06) EPS for the quarter, missing the 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.
Several analysts have recently commented on the stock. 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.
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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