Energy XXI Gulf Coast (EXXI) Lowered to Strong Sell at ValuEngine

ValuEngine cut shares of Energy XXI Gulf Coast (NASDAQ:EXXI) from a sell rating to a strong sell rating in a research note released on Tuesday morning.

Energy XXI Gulf Coast (NASDAQ:EXXI) traded down $0.15 on Tuesday, hitting $4.93. The stock had a trading volume of 908,100 shares, compared to its average volume of 223,958. 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 has a 1-year low of $4.74 and a 1-year high of $35.96.

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

A number of hedge funds have recently modified their holdings of EXXI. Bank of America Corp DE acquired a new position in Energy XXI Gulf Coast during the first quarter worth $1,591,000. Strs Ohio acquired a new position in Energy XXI Gulf Coast during the second quarter worth $159,000. Cigna Investments Inc. New raised its holdings in Energy XXI Gulf Coast by 1.1% during the second quarter. Cigna Investments Inc. New now owns 36,856 shares of the oil and gas producer’s stock worth $684,000 after purchasing an additional 416 shares during the last quarter. Schwab Charles Investment Management Inc. acquired a new position in Energy XXI Gulf Coast during the second quarter worth $2,859,000. Finally, Rhumbline Advisers acquired a new position in Energy XXI Gulf Coast during the second quarter worth $631,000. 80.56% of the stock is owned by hedge funds and other institutional investors.

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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.

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