Energy XXI Gulf Coast Inc (NASDAQ:EXXI) shares fell 9.4% during trading on Thursday . The company traded as low as $5.65 and last traded at $5.13. 148,362 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 609,761 shares. The stock had previously closed at $5.66.

A number of brokerages have commented on EXXI. Zacks Investment Research raised Energy XXI Gulf Coast from a “hold” rating to a “buy” rating and set a $7.00 price objective on the stock in a report on Wednesday, January 10th. ValuEngine lowered Energy XXI Gulf Coast from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 5th.

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

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

In other news, CEO Douglas E. Brooks acquired 25,000 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were purchased 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 in the company, valued at approximately $49,400. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.08% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Schwab Charles Investment Management Inc. acquired a new position in Energy XXI Gulf Coast in the 2nd quarter valued at $2,859,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Energy XXI Gulf Coast during the 2nd quarter worth $2,055,000. State Street Corp acquired a new stake in shares of Energy XXI Gulf Coast during the 2nd quarter worth $9,294,000. Teachers Advisors LLC acquired a new stake in shares of Energy XXI Gulf Coast during the 2nd quarter worth $975,000. Finally, Dupont Capital Management Corp grew its holdings in shares of Energy XXI Gulf Coast by 3.4% during 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 purchasing an additional 27,900 shares in the last quarter. 80.66% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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