This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

10 Energy Stocks That Could Outperform

4. Energy XXI (Bermuda) is an independent oil and natural gas exploration and production company with business interests in the U.S. Gulf Coast and Gulf of Mexico.

Energy XXI reported earnings before interest, tax, and depreciation of $166 million for its fourth quarter of fiscal 2011. That compares with $79 million in the same quarter of fiscal 2010.

Net profit was $36 million on revenue of $282 million and production of 42,100 barrels of oil equivalent (boe) per day. The results include contributions from acquisitions made in certain Gulf of Mexico properties.

Higher cash flows and improved production strengthened the company's balance sheet as it has managed to reduce debt by $200 million during the final six months of fiscal 2011.

The stock has gained 32% in the last year and is trading with a P/E of 9.6, based on estimated 2011 earnings. Of the 14 analysts covering the stock, 13 rate it a buy. The stock is expected to gain 61% over the next one year, according to analysts' surveyed by Bloomberg.

8 of 11

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
CVX $109.04 0.00%
EXXI $4.22 0.00%
HAL $49.11 0.00%
IOC $51.94 0.00%
SLB $93.00 0.00%

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs