Energy XXI (EXXI) Shares Up 11% Driven by Soaring Oil Prices – Tale of the Tape

Zacks

Energy XXI Ltd. (EXXI) was a big mover last session, as the company saw its shares rise 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. Shares soared after hitting a five-year low during Friday’s trading session driven by rebounding oil prices. This reverses the recent trend of the company, as the stock is now trading above the volatile price range of $2.45 to $3.45 since Dec 5, 2014.

None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate however moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.

Energy XXI currently carries a Zacks Rank #4 (Sell) while its Earnings ESP is negative.

A better-ranked stock in the broad oils-energy sector is SunCoke Energy Inc. (SXC), carrying a Zacks Rank #1 (Strong Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

To read this article on Zacks.com click here.

Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.

Be the first to comment

Leave a Reply