Energy XXI Gulf Coast (NASDAQ:EXXI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

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 lowered Energy XXI Gulf Coast from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 5th.

Shares of Energy XXI Gulf Coast (EXXI) traded down $0.21 during trading hours on Tuesday, hitting $5.58. The stock had a trading volume of 294,085 shares, compared to its average volume of 618,554. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.38 and a current ratio of 1.38. Energy XXI Gulf Coast has a fifty-two week low of $4.74 and a fifty-two week high of $35.96.

Energy XXI Gulf Coast (NASDAQ:EXXI) last announced its quarterly earnings results on Tuesday, November 14th. The oil and gas producer reported ($0.57) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.44) by ($0.13). The firm had revenue of $117.00 million during the quarter, compared to analyst estimates of $119.45 million. analysts expect that Energy XXI Gulf Coast will post -3.11 EPS for the current fiscal year.

In related news, CEO Douglas E. Brooks bought 25,000 shares of Energy XXI Gulf Coast stock in a transaction that occurred on Monday, November 20th. The shares were purchased at an average price of $4.94 per share, with a total value of $123,500.00. Following the purchase, the chief executive officer now owns 10,000 shares in the company, valued at $49,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.08% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the stock. Spark Investment Management LLC lifted its stake in Energy XXI Gulf Coast by 450.5% in the 4th quarter. Spark Investment Management LLC now owns 57,800 shares of the oil and gas producer’s stock valued at $331,000 after buying an additional 47,300 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Energy XXI Gulf Coast in the 4th quarter valued at approximately $2,878,000. UBS Asset Management Americas Inc. purchased a new stake in Energy XXI Gulf Coast in the 4th quarter valued at approximately $125,000. PenderFund Capital Management Ltd. purchased a new stake in Energy XXI Gulf Coast in the 4th quarter valued at approximately $6,835,000. Finally, Alambic Investment Management L.P. lifted its stake in Energy XXI Gulf Coast by 170.2% in the 4th quarter. Alambic Investment Management L.P. now owns 166,676 shares of the oil and gas producer’s stock valued at $957,000 after buying an additional 105,000 shares in the last quarter. 83.62% 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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