Zacks: Analysts Anticipate Lilis Energy Inc (NASDAQ:LLEX) to Announce -$0.07 Earnings Per Share
Brokerages predict that Lilis Energy Inc (NASDAQ:LLEX) will report ($0.07) earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have provided estimates for Lilis Energy’s earnings, with estimates ranging from ($0.16) to $0.02. Lilis Energy reported earnings of ($3.69) per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 98.1%. The business is expected to report its next quarterly earnings report on Thursday, August 24th.
According to Zacks, analysts expect that Lilis Energy will report full year earnings of ($0.44) per share for the current fiscal year. For the next fiscal year, analysts anticipate that the business will post earnings of $0.26 per share, with EPS estimates ranging from $0.20 to $0.32. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that cover Lilis Energy.
A number of research firms have weighed in on LLEX. Seaport Global Securities began coverage on Lilis Energy in a research note on Tuesday, May 23rd. They set a “buy” rating and a $8.50 price objective for the company. Zacks Investment Research lowered Lilis Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. Northland Securities began coverage on Lilis Energy in a research note on Wednesday, April 19th. They issued an “outperform” rating and a $7.50 price target for the company. Finally, Johnson Rice began coverage on Lilis Energy in a research note on Tuesday, April 18th. They issued a “buy” rating for the company.
Several institutional investors have recently made changes to their positions in LLEX. Bank of New York Mellon Corp acquired a new position in shares of Lilis Energy during the second quarter valued at $503,000. Rhumbline Advisers acquired a new position in shares of Lilis Energy during the second quarter valued at $219,000. Schwab Charles Investment Management Inc. acquired a new position in shares of Lilis Energy during the second quarter valued at $352,000. Finally, Gilder Gagnon Howe & Co. LLC acquired a new position in shares of Lilis Energy during the second quarter valued at $3,384,000.
Lilis Energy (NASDAQ:LLEX) traded up 0.26% during trading on Friday, hitting $3.88. The stock had a trading volume of 546,853 shares. The company’s market cap is $195.63 million. The firm’s 50-day moving average price is $4.81 and its 200-day moving average price is $4.42. Lilis Energy has a 52-week low of $1.10 and a 52-week high of $5.69.
ILLEGAL ACTIVITY WARNING: This report was first reported by American Banking News and is the property of of American Banking News. If you are viewing this report on another domain, it was copied illegally and reposted in violation of U.S. & international copyright law. The correct version of this report can be accessed at https://www.americanbankingnews.com/2017/08/06/zacks-analysts-anticipate-lilis-energy-inc-nasdaqllex-to-announce-0-07-earnings-per-share.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Lilis Energy Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lilis Energy Inc and related companies with MarketBeat.com's FREE daily email newsletter.