Citigroup Inc. Begins Coverage on Energy XXI (Bermuda) Limited (EXXI)
October 1st, 2014 • 0 comments • Filed Under • by ABMN Staff
Energy XXI (Bermuda) Limited
Equities researchers at Citigroup Inc. started coverage on shares of Energy XXI (Bermuda) Limited (NASDAQ:EXXI) in a research report issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
A number of other analysts have also recently weighed in on EXXI. Analysts at Capital One Financial Corp. downgraded shares of Energy XXI (Bermuda) Limited from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, September 16th. They now have a $22.00 price target on the stock, down previously from $26.00. Separately, analysts at Raymond James cut their price target on shares of Energy XXI (Bermuda) Limited from $28.00 to $26.00 in a research note on Monday, September 8th.
Finally, analysts at MLV & Co downgraded shares of Energy XXI (Bermuda) Limited from a “buy” rating to a “hold” rating in a research note on Tuesday, September 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. Energy XXI (Bermuda) Limited has an average rating of “Hold” and a consensus price target of $25.95.
Energy XXI (NASDAQ:EXXI) opened at 11.35 on Wednesday. Energy XXI has a one year low of $11.26 and a one year high of $33.93. The stock has a 50-day moving average of $15.0 and a 200-day moving average of $20.40. The company has a market cap of $1.065 billion and a price-to-earnings ratio of 18.66.
Energy XXI (Bermuda) Limited (NASDAQ:EXXI) last posted its quarterly earnings results on Wednesday, August 13th. The company reported ($0.06) EPS for the quarter, missing the Thomson Reuters 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. On average, analysts predict that Energy XXI will post $1.15 earnings per share for the current fiscal year.
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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