FY2017 EPS Estimates for Energy XXI Gulf Coast, Inc. Reduced by Analyst (EXXI)

Energy XXI Gulf Coast, Inc. (NASDAQ:EXXI) – Investment analysts at Imperial Capital decreased their FY2017 earnings per share (EPS) estimates for Energy XXI Gulf Coast in a report released on Wednesday. Imperial Capital analyst I. Haas now anticipates that the oil and gas producer will post earnings per share of ($3.11) for the year, down from their prior forecast of ($2.18). Imperial Capital also issued estimates for Energy XXI Gulf Coast’s Q4 2017 earnings at ($1.09) EPS, Q1 2018 earnings at ($0.44) EPS, Q2 2018 earnings at ($0.42) EPS, Q3 2018 earnings at ($0.43) EPS, Q4 2018 earnings at ($0.35) EPS and FY2018 earnings at ($1.65) EPS.

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Energy XXI Gulf Coast (EXXI) traded down $0.30 during trading on Friday, reaching $4.90. 627,567 shares of the company’s stock were exchanged, compared to its average volume of 197,153. Energy XXI Gulf Coast has a 12 month low of $4.77 and a 12 month high of $35.96. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.19.

Institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new stake in Energy XXI Gulf Coast during the 3rd quarter worth approximately $109,000. Legal & General Group Plc purchased a new stake in shares of Energy XXI Gulf Coast in the 2nd quarter valued at approximately $138,000. Strs Ohio purchased a new stake in shares of Energy XXI Gulf Coast in the 2nd quarter valued at approximately $159,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Energy XXI Gulf Coast in the 3rd quarter valued at approximately $174,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Energy XXI Gulf Coast in the 2nd quarter valued at approximately $221,000. Institutional investors own 79.00% of the company’s stock.

Energy XXI Gulf Coast Company Profile

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.

Earnings History and Estimates for Energy XXI Gulf Coast (NASDAQ:EXXI)

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