Lilis Energy Inc (LLEX) Receives $6.71 Average PT from Brokerages

Shares of Lilis Energy Inc (NYSEAMERICAN:LLEX) have earned a consensus recommendation of “Buy” from the nine ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $6.71.

A number of research analysts have issued reports on LLEX shares. Northland Securities upgraded Lilis Energy from a “market perform” rating to an “outperform” rating and set a $6.00 price objective for the company in a research note on Monday, August 28th. Leerink Swann began coverage on Lilis Energy in a research note on Monday, August 28th. They set an “outperform” rating and a $6.00 price objective for the company. Zacks Investment Research upgraded Lilis Energy from a “sell” rating to a “hold” rating in a research note on Thursday, September 7th. Stephens began coverage on Lilis Energy in a research note on Friday, September 29th. They issued an “overweight” rating and a $6.00 price target for the company. Finally, SunTrust Banks, Inc. began coverage on Lilis Energy in a research note on Monday, August 14th. They issued a “buy” rating and a $7.00 price target for the company.

Shares of Lilis Energy (NYSEAMERICAN:LLEX) traded down $0.10 during trading hours on Friday, reaching $4.83. The company’s stock had a trading volume of 101,000 shares, compared to its average volume of 208,954. Lilis Energy has a 1-year low of $2.10 and a 1-year high of $5.69.

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In other Lilis Energy news, major shareholder Fund Vertex sold 10,720 shares of the business’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $5.01, for a total transaction of $53,707.20. Following the completion of the sale, the insider now owns 6,962,640 shares of the company’s stock, valued at $34,882,826.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

About Lilis Energy

Lilis Energy, Inc is an upstream independent oil and gas company. The Company is engaged in the acquisition, drilling and production of oil and natural gas properties and prospects. The Company drills for, operates and produces oil and natural gas wells through its land holdings located in Wyoming, Colorado, and Nebraska.

Analyst Recommendations for Lilis Energy (NYSEAMERICAN:LLEX)

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