Energy XXI Gulf Coast (EXXI) Trading Down 9.4%

Energy XXI Gulf Coast Inc (NASDAQ:EXXI)’s share price dropped 9.4% on Thursday . The stock traded as low as $5.65 and last traded at $5.13. Approximately 148,362 shares were traded during trading, a decline of 76% from the average daily volume of 609,761 shares. The stock had previously closed at $5.66.

EXXI has been the subject of several recent research reports. Zacks Investment Research raised Energy XXI Gulf Coast from a “hold” rating to a “buy” rating and set a $6.50 price target for the company in a research report on Wednesday, January 3rd. ValuEngine downgraded Energy XXI Gulf Coast from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 5th.

The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.21.

Energy XXI Gulf Coast (NASDAQ:EXXI) last announced its quarterly earnings data on Tuesday, November 14th. The oil and gas producer reported ($0.57) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.44) by ($0.13). The firm had revenue of $117.00 million for the quarter, compared to analysts’ expectations of $119.45 million. equities research analysts forecast that Energy XXI Gulf Coast Inc will post -3.11 EPS for the current fiscal year.

In other Energy XXI Gulf Coast news, CEO Douglas E. Brooks acquired 25,000 shares of the stock in a transaction dated Monday, November 20th. The stock was purchased at an average cost of $4.94 per share, for a total transaction of $123,500.00. Following the acquisition, the chief executive officer now owns 10,000 shares in the company, valued at approximately $49,400. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.08% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. bought a new stake in shares of Energy XXI Gulf Coast in the 2nd quarter worth approximately $2,859,000. The Manufacturers Life Insurance Company bought a new stake in shares of Energy XXI Gulf Coast in the 2nd quarter worth approximately $2,055,000. State Street Corp bought a new stake in shares of Energy XXI Gulf Coast in the 2nd quarter worth approximately $9,294,000. Teachers Advisors LLC bought a new stake in shares of Energy XXI Gulf Coast in the 2nd quarter worth approximately $975,000. Finally, Dupont Capital Management Corp lifted its holdings in shares of Energy XXI Gulf Coast by 3.4% in the 3rd quarter. Dupont Capital Management Corp now owns 839,496 shares of the oil and gas producer’s stock worth $8,680,000 after acquiring an additional 27,900 shares during the last quarter. Hedge funds and other institutional investors own 80.66% of the company’s stock.

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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.

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