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ENERGY XXI LTD (EXXI) [hlAlert]

Rating:
Buy EXXI
down 91.96 %

ENERGY XXI LTD (EXXI) rated Buy with price target $34 by Needham

Posted on: Monday,  Feb 10, 2014  8:25 AM ET by Needham

Needham rated Buy ENERGY XXI LTD (NASDAQ: EXXI) on 02/10/2014, when the stock price was $21.29. Since
then, ENERGY XXI LTD has lost 91.97% as of 09/11/2015's recent price of $1.71.
If you would have followed this Needham's recommendation on EXXI, you would have lost 91.96% of your investment in 578 days.

Energy XXI (Bermuda) Limited (Energy XXI) is an independent oil and natural gas exploration and production company. The Company is engaged in the acquisition, exploration, development and operation of oil and natural gas properties onshore in Louisiana and Texas, and offshore in the Gulf of Mexico. As of June 30, 2009, its total proved reserves were 53.1 million barrels of oil equivalent (MMBOE) of which 58% were oil and 64% were classified as proved developed. The Company operated or had an interest in 274 producing wells on 148,784 net developed acres, including interests in 56 producing fields. Its wholly-owned subsidiary is Energy XXI Gulf Coast, Inc. The Company?s properties include Marlin, Castex, Pogo properties and Castex Energy. As of June 30, 2009, the Company completed three acquisitions of oil and natural gas properties.

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/10/2014 8:25 AM Buy
None
21.29 34.00
as of 10/17/2014
1 Week down  -3.41 %
1 Month down  -47.63 %
3 Months down  -63.05 %
1 YTD down  -64.16 %

(*) Stock Price at the time of the recommendation.
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