Energy XXI Gulf Coast, Inc. (NASDAQ:EXXI)’s share price fell 34.3% during mid-day trading on Wednesday . The stock traded as low as $5.32 and last traded at $5.49. 2,569,900 shares changed hands during trading, an increase of 1,269% from the average session volume of 187,687 shares. The stock had previously closed at $8.35.
The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.19.
Institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC bought a new position in Energy XXI Gulf Coast during the third quarter valued at about $109,000. Legal & General Group Plc bought a new position in Energy XXI Gulf Coast during the second quarter valued at about $138,000. Strs Ohio bought a new position in Energy XXI Gulf Coast during the second quarter valued at about $159,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in Energy XXI Gulf Coast during the third quarter valued at about $174,000. Finally, Goldman Sachs Group Inc. bought a new position in Energy XXI Gulf Coast during the second quarter valued at about $221,000. Hedge funds and other institutional investors own 79.00% of the company’s stock.
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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. The Company operates nine oilfields on the Gulf of Mexico Shelf.
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