Analysts Expect Lilis Energy Inc. (LLEX) to Announce ($0.06) Earnings Per Share

Lilis Energy Inc. (NASDAQ:LLEX) has been given a consensus broker rating score of 1.38 (Strong Buy) from the eight brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation, one has issued a buy recommendation and six have assigned a strong buy recommendation to the company. Lilis Energy’s rating score has declined by 38% in the last three months as a result of various analysts’ ratings changes.

Analysts have set a 12-month consensus price objective of $6.75 for the company and are predicting that the company will post ($0.06) EPS for the current quarter, according to Zacks. Zacks has also given Lilis Energy an industry rank of 73 out of 257 based on the ratings given to its competitors.

Separately, Ifs Securities reiterated an “outperform” rating on shares of Lilis Energy in a research note on Monday, October 29th.

LLEX stock traded down $0.21 during mid-day trading on Friday, reaching $2.70. The company had a trading volume of 572,669 shares, compared to its average volume of 367,033. Lilis Energy has a one year low of $2.57 and a one year high of $6.30.

Lilis Energy (NASDAQ:LLEX) last posted its earnings results on Thursday, August 9th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.12). The business had revenue of $17.48 million during the quarter, compared to the consensus estimate of $21.78 million.

Lilis Energy Company Profile

Lilis Energy, Inc, an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of conventional and unconventional oil and natural gas properties. Its total net acreage in the Permian Basin is approximately 19,000 acres. The company's oil and natural gas properties are located in the Delaware Basin in Winkler, Loving, and Reeves counties, Texas; and Lea County, New Mexico.

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