Energy XXI (Bermuda) Limited Stock Rating Lowered by Zacks (EXXI)
Energy XXI (Bermuda) Limited (NASDAQ:EXXI) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a note issued to investors on Friday. They currently have a $15.50 price objective on the stock. Zacks‘s target price would indicate a potential downside of 4.97% from the company’s current price.
Energy XXI (NASDAQ:EXXI) traded up 0.80% during mid-day trading on Friday, hitting $16.44. 1,387,372 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 has a 50-day moving average of $19.20 and a 200-day moving average of $21.89. The company has a market cap of $1.543 billion and a P/E ratio of 25.48.
Energy XXI (Bermuda) Limited (NASDAQ:EXXI) last posted its quarterly earnings results on Wednesday, August 13th. The company reported ($0.06) earnings per share (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 $1.16 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 12th. Stockholders 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 2.94%. The ex-dividend date is Wednesday, August 27th.
A number of other firms have also 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. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $28.23.
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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