Brokerages Set Lilis Energy Inc (LLEX) Price Target at $7.17

Lilis Energy Inc (NASDAQ:LLEX) has received an average recommendation of “Buy” from the six research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $6.88.

A number of analysts have issued reports on the stock. Seaport Global Securities assumed coverage on shares of Lilis Energy in a research note on Tuesday, May 23rd. They set a “buy” rating and a $8.50 price target on the stock. Leerink Swann assumed coverage on shares of Lilis Energy in a research note on Monday. They set an “outperform” rating and a $6.00 price target on the stock. SunTrust Banks, Inc. began coverage on shares of Lilis Energy in a research note on Monday, August 14th. They set a “buy” rating and a $7.00 price target on the stock. Northland Securities downgraded Lilis Energy from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 3rd. Finally, Zacks Investment Research downgraded Lilis Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st.

Shares of Lilis Energy (LLEX) traded down 0.52% on Monday, reaching $3.81. 17,215 shares of the company were exchanged. Lilis Energy has a 52 week low of $1.70 and a 52 week high of $5.69. The company’s market capitalization is $193.62 million. The company’s 50-day moving average is $4.17 and its 200-day moving average is $4.37.

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Several institutional investors have recently made changes to their positions in the company. National Asset Management Inc. increased its position in shares of Lilis Energy by 22.7% in the second quarter. National Asset Management Inc. now owns 21,600 shares of the company’s stock worth $106,000 after buying an additional 4,000 shares in the last quarter. Nationwide Fund Advisors bought a new position in shares of Lilis Energy during the second quarter worth approximately $117,000. Biegel & Waller LLC bought a new position in shares of Lilis Energy during the second quarter worth approximately $123,000. The Manufacturers Life Insurance Company bought a new position in shares of Lilis Energy during the second quarter worth approximately $180,000. Finally, Rhumbline Advisers bought a new position in shares of Lilis Energy during the second quarter worth approximately $219,000.

Lilis Energy Company Profile

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 (NASDAQ:LLEX)

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