Lilis Energy (LLEX) Coverage Initiated by Analysts at B. Riley

B. Riley assumed coverage on shares of Lilis Energy (NYSEAMERICAN:LLEX) in a report released on Tuesday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $5.50 target price on the stock. B. Riley also issued estimates for Lilis Energy’s Q4 2017 earnings at ($0.03) EPS, FY2017 earnings at ($0.84) EPS, Q1 2018 earnings at $0.05 EPS, Q2 2018 earnings at $0.03 EPS, Q3 2018 earnings at $0.06 EPS, Q4 2018 earnings at $0.08 EPS, FY2018 earnings at $0.22 EPS, Q1 2019 earnings at $0.12 EPS, Q2 2019 earnings at $0.12 EPS, Q3 2019 earnings at $0.15 EPS, Q4 2019 earnings at $0.17 EPS and FY2019 earnings at $0.54 EPS.

Separately, Zacks Investment Research raised Lilis Energy from a sell rating to a hold rating in a research note on Tuesday, October 17th. One research analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. Lilis Energy presently has an average rating of Buy and an average target price of $6.56.

Lilis Energy (NYSEAMERICAN LLEX) opened at $3.34 on Tuesday. The firm has a market capitalization of $207.87, a price-to-earnings ratio of -1.60 and a beta of -1.67. Lilis Energy has a 12 month low of $2.95 and a 12 month high of $5.69.

Lilis Energy (NYSEAMERICAN:LLEX) last posted its quarterly earnings results on Tuesday, November 14th. The company reported ($0.12) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.12). Lilis Energy had a negative return on equity of 419.18% and a negative net margin of 115.71%.

Several hedge funds have recently bought and sold shares of LLEX. Wolverine Trading LLC raised its stake in Lilis Energy by 411.0% during the 3rd quarter. Wolverine Trading LLC now owns 61,188 shares of the company’s stock worth $274,000 after buying an additional 49,214 shares during the period. The Manufacturers Life Insurance Company raised its stake in Lilis Energy by 163.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 34,936 shares of the company’s stock worth $179,000 after buying an additional 21,692 shares during the period. Finally, Wells Fargo & Company MN raised its stake in Lilis Energy by 799.6% during the 4th quarter. Wells Fargo & Company MN now owns 26,816 shares of the company’s stock worth $137,000 after buying an additional 23,835 shares during the period.

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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 (NYSEAMERICAN:LLEX)

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