Energy XXI Stock To Go Ex-dividend Tomorrow (EXXI)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- The ex-dividend date for Energy XXI (Nasdaq: EXXI) is tomorrow, February 27, 2013. Owners of shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $30.01 as of 9:36 a.m. ET, the dividend yield is 0.9%.

The average volume for Energy XXI has been 1.4 million shares per day over the past 30 days. Energy XXI has a market cap of $2.45 billion and is part of the basic materials sector and energy industry. Shares are down 4.1% year to date as of the close of trading on Monday.

Energy XXI (Bermuda) Limited, together with its subsidiaries, engages in the acquisition, exploration, development, production, and operation of oil and natural gas properties onshore in Louisiana and Texas, and offshore in the Gulf of Mexico. The company has a P/E ratio of 9.1, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Energy XXI as a buy. Among the primary strengths of the company is its expanding profit margins over time. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Energy XXI Ratings Report.

See our dividend calendar or top-yielding stocks list.

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