Energy XXI Gulf Coast Inc (NASDAQ:EGC) saw unusually-high trading volume on Thursday . Approximately 12,490,365 shares were traded during trading, an increase of 1,397% from the previous session’s volume of 834,446 shares.The stock last traded at $9.10 and had previously closed at $8.32.
EGC has been the topic of a number of analyst reports. ValuEngine upgraded shares of Energy XXI Gulf Coast from a “sell” rating to a “hold” rating in a research note on Tuesday, October 2nd. Zacks Investment Research lowered shares of Energy XXI Gulf Coast from a “buy” rating to a “hold” rating in a research note on Wednesday, July 11th.
The company has a market cap of $279.20 million, a PE ratio of -1.98 and a beta of 3.24. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.87 and a current ratio of 0.87.
Several institutional investors and hedge funds have recently bought and sold shares of EGC. Wells Fargo & Company MN purchased a new stake in shares of Energy XXI Gulf Coast during the first quarter valued at approximately $157,000. Schwab Charles Investment Management Inc. bought a new stake in shares of Energy XXI Gulf Coast in the first quarter worth $506,000. Northern Trust Corp bought a new stake in shares of Energy XXI Gulf Coast in the first quarter worth $1,290,000. BlackRock Inc. bought a new stake in shares of Energy XXI Gulf Coast in the first quarter worth $5,588,000. Finally, JPMorgan Chase & Co. bought a new stake in shares of Energy XXI Gulf Coast in the first quarter worth $311,000. Institutional investors own 74.66% of the company’s stock.
Energy XXI Gulf Coast Company Profile (NASDAQ:EGC)
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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