Energy XXI Gulf Coast (EXXI) Rating Lowered to Hold at Zacks Investment Research
Zacks Investment Research lowered shares of Energy XXI Gulf Coast (NASDAQ:EXXI) from a buy rating to a hold rating in a report published on Monday morning.
According to Zacks, “Energy XXI Gulf Coast, Inc. is an oil and natural gas development and production company. Its assets are primarily located in the U.S. Gulf of Mexico waters offshore Louisiana and Texas. Energy XXI Gulf Coast, Inc. is based in Houston, United States. “
Separately, ValuEngine downgraded Energy XXI Gulf Coast from a sell rating to a strong sell rating in a research report on Tuesday, December 5th.
In other news, CEO Douglas E. Brooks bought 25,000 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were bought at an average cost of $4.94 per share, for a total transaction of $123,500.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $49,400. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.08% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Legal & General Group Plc purchased a new stake in Energy XXI Gulf Coast during the second quarter worth $138,000. Wells Fargo & Company MN boosted its position in Energy XXI Gulf Coast by 46.6% during the third quarter. Wells Fargo & Company MN now owns 32,529 shares of the oil and gas producer’s stock worth $337,000 after purchasing an additional 10,335 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Energy XXI Gulf Coast during the third quarter worth $109,000. Goldman Sachs Group Inc. purchased a new stake in Energy XXI Gulf Coast during the second quarter worth $221,000. Finally, Menta Capital LLC purchased a new stake in Energy XXI Gulf Coast during the second quarter worth $232,000. Institutional investors own 80.56% 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Energy XXI Gulf Coast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energy XXI Gulf Coast and related companies with MarketBeat.com's FREE daily email newsletter.