Zacks Investment Research lowered shares of Energy XXI Gulf Coast (NASDAQ:EXXI) from a buy rating to a hold rating in a report released on Monday.

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 shares of Energy XXI Gulf Coast from a sell rating to a strong sell rating in a research report on Tuesday, December 5th.

Energy XXI Gulf Coast (EXXI) traded up $0.03 during trading on Monday, reaching $7.53. 803,801 shares of the company were exchanged, compared to its average volume of 684,544. 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 12 month low of $4.74 and a 12 month high of $35.96.

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

Institutional investors have recently bought and sold shares of the stock. Legal & General Group Plc purchased a new stake in Energy XXI Gulf Coast in the 2nd quarter worth about $138,000. SG Americas Securities LLC purchased a new stake in Energy XXI Gulf Coast in the 3rd quarter worth about $109,000. Goldman Sachs Group Inc. purchased a new stake in Energy XXI Gulf Coast in the 2nd quarter worth about $221,000. Menta Capital LLC purchased a new stake in Energy XXI Gulf Coast in the 2nd quarter worth about $232,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Energy XXI Gulf Coast in the 2nd quarter worth about $235,000. 80.56% of the stock is currently owned by institutional investors.

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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.

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