Energy XXI (Bermuda) (NASDAQ:EXXI) announced a quarterly dividend on Tuesday, July 23rd, StockRatingsNetwork.com reports. Stockholders of record on Friday, August 30th will be paid a dividend of $0.12 per share on Friday, September 13th. This represents a $0.48 annualized dividend and a dividend yield of 1.76%.
A number of analysts have recently weighed in on EXXI shares. Analysts at Susquehanna raised their price target on shares of Energy XXI (Bermuda) from $30.00 to $35.00 in a research note to investors on Wednesday, July 17th. They now have a “positive” rating on the stock. On the ratings front, analysts at KeyCorp reiterated a “buy” rating on shares of Energy XXI (Bermuda) in a research note to investors on Wednesday, July 17th. Finally, analysts at Miller Tabak set a $53.00 price target on shares of Energy XXI (Bermuda) in a research note to investors on Wednesday, July 17th.
Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $37.50.
Shares of Energy XXI (NASDAQ: EXXI) opened at 27.37 on Tuesday. Energy XXI has a one year low of $21.49 and a one year high of $37.90. The stock’s 50-day moving average is currently $24.88. The company has a market cap of $2.172 billion and a P/E ratio of 13.20.
Energy XXI (Bermuda) (NASDAQ:EXXI) last released its earnings data on Monday, May 6th. The company reported $0.46 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.47 by $0.01. The company had revenue of $303.77 million for the quarter, compared to the consensus estimate of $317.87 million. During the same quarter in the prior year, the company posted $1.04 earnings per share. The company’s quarterly revenue was down 9.6% on a year-over-year basis. On average, analysts predict that Energy XXI will post $1.76 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.