Shares of Energy XXI Gulf Coast, Inc. (NASDAQ:EGC) were up 7% during mid-day trading on Monday . The company traded as high as $7.35 and last traded at $7.20. Approximately 637,345 shares changed hands during mid-day trading, an increase of 10% from the average daily volume of 579,958 shares. The stock had previously closed at $6.73.
Separately, Zacks Investment Research raised Energy XXI Gulf Coast from a “sell” rating to a “hold” rating in a research note on Friday.
The company has a market cap of $223.98 million, a price-to-earnings ratio of -1.57 and a beta of 2.88. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.03 and a quick ratio of 1.03.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in EGC. Wells Fargo & Company MN acquired a new position in shares of Energy XXI Gulf Coast in the 1st quarter valued at about $157,000. Rhumbline Advisers purchased a new stake in shares of Energy XXI Gulf Coast during the 1st quarter valued at about $106,000. Dupont Capital Management Corp purchased a new stake in shares of Energy XXI Gulf Coast during the 1st quarter valued at about $3,389,000. Boston Partners purchased a new stake in shares of Energy XXI Gulf Coast during the 1st quarter valued at about $1,179,000. Finally, State Board of Administration of Florida Retirement System purchased a new stake in shares of Energy XXI Gulf Coast during the 1st quarter valued at about $123,000. 80.83% of the stock is currently owned by institutional investors and hedge funds.
Energy XXI Gulf Coast Company Profile
Energy XXI Gulf Coast, Inc, an exploration and production company, engages in the acquisition, development, exploitation, and operation of oil and natural gas properties in the United States Gulf Coast region. It primarily operates properties offshore on the Gulf of Mexico Shelf, as well as onshore in Louisiana and Texas.
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