Energy XXI Gulf Coast (NASDAQ:EXXI) was downgraded by research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report issued on Tuesday.

Energy XXI Gulf Coast (NASDAQ EXXI) opened at $4.96 on Tuesday. Energy XXI Gulf Coast has a fifty-two week low of $4.74 and a fifty-two week high of $35.96. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.21.

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

Hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new stake in Energy XXI Gulf Coast during the 3rd quarter worth about $109,000. Legal & General Group Plc acquired a new stake in Energy XXI Gulf Coast during the 2nd quarter worth about $138,000. Strs Ohio acquired a new stake in Energy XXI Gulf Coast during the 2nd quarter worth about $159,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Energy XXI Gulf Coast during the 3rd quarter worth about $174,000. Finally, Goldman Sachs Group Inc. acquired a new stake in Energy XXI Gulf Coast during the 2nd quarter worth about $221,000. Hedge funds and other institutional investors own 80.56% of the company’s stock.

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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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