Lilis Energy (LLEX) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research cut shares of Lilis Energy (NYSEAMERICAN:LLEX) from a hold rating to a sell rating in a research report report published on Tuesday morning.

According to Zacks, “Lilis Energy, Inc. is an independent oil and gas exploration and production company. It is engaged in the acquisition, drilling and production of oil and natural gas properties and prospects within the DJ Basin. Lilis Energy, Inc., formerly known as Recovery Energy, Inc., is based in Denver. “

Shares of Lilis Energy (NYSEAMERICAN:LLEX) opened at $3.21 on Tuesday. The company has a market capitalization of $207.87, a P/E ratio of -1.48 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 released its earnings results on Tuesday, November 14th. The company reported ($0.12) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.12). Lilis Energy had a negative return on equity of 419.18% and a negative net margin of 115.71%.

Large investors have recently bought and sold shares of the business. Wells Fargo & Company MN increased its position in shares of 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 purchasing an additional 23,835 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of 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 purchasing an additional 21,692 shares during the last quarter. Wolverine Trading LLC increased its position in shares of 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 purchasing an additional 49,214 shares during the last quarter. Finally, BlackRock Inc. increased its position in shares of Lilis Energy by 1.3% during the 4th quarter. BlackRock Inc. now owns 2,019,513 shares of the company’s stock worth $10,320,000 after purchasing an additional 25,730 shares during the last quarter.

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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.

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