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.
To view Zacks’ full report, visit Zacks’ official website.
Receive News & Ratings for Energy XXI (Bermuda) Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energy XXI (Bermuda) Limited and related companies with Analyst Ratings Network's FREE daily email newsletter.