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

Net profit for the fourth quarter of fiscal 2011 was $36 million on revenue of $282 million and production of 42,100 barrels of oil equivalent per day. The results include contribution from acquisitions made in certain Gulf of Mexico properties. Energy XX1 reported earnings before interest, tax, and depreciation of $166 million as against $79 million in 2010 fiscal fourth quarter.

Increased production and cash flows strengthened the company's balance sheet as it managed to reduce debt by $200 million during the last six months of fiscal 2011. The stock gained 32% in the last one-year and is trading at 10.3 times its estimated 2011 earnings. Of the 14 analysts covering the stock, 13 rate a buy. The stock is expected to deliver 51% over the next one year, according to analysts' consensus estimate.

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