Energy XXI Gulf Coast (EXXI) Downgraded by ValuEngine to “Strong Sell”
Energy XXI Gulf Coast (NASDAQ:EXXI) was downgraded by investment analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued on Tuesday.
Shares of Energy XXI Gulf Coast (EXXI) traded down $0.15 during mid-day trading on Tuesday, reaching $4.93. 908,174 shares of the company’s stock were exchanged, compared to its average volume of 223,958. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.21. Energy XXI Gulf Coast has a one year low of $4.74 and a one year high of $35.96.
In related news, CEO Douglas E. Brooks purchased 25,000 shares of Energy XXI Gulf Coast stock in a transaction dated Monday, November 20th. The shares were acquired at an average cost of $4.94 per share, with a total value of $123,500.00. Following the purchase, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $49,400. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.08% of the stock is currently owned by insiders.
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About Energy XXI Gulf Coast
Energy XXI Gulf Coast, Inc (EGC) is an independent oil and natural gas development and production company which was focused on development drilling on the Company’s core properties. The Company’s properties are located in the United States Gulf of Mexico waters and the Gulf Coast onshore. The Company operates nine oilfields on the Gulf of Mexico Shelf.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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