Lilis Energy Inc (NASDAQ:LLEX) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

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. “

A number of other analysts have also recently weighed in on LLEX. Seaport Global Securities initiated coverage on Lilis Energy in a research note on Tuesday, May 23rd. They issued a “buy” rating and a $8.50 price target on the stock. Northland Securities cut Lilis Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 3rd. SunTrust Banks, Inc. initiated coverage on Lilis Energy in a research note on Monday, August 14th. They issued a “buy” rating and a $7.00 price target on the stock. Finally, Leerink Swann initiated coverage on Lilis Energy in a research note on Monday, August 28th. They issued an “outperform” rating and a $6.00 price target on the stock. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Lilis Energy currently has a consensus rating of “Buy” and an average price target of $6.88.

Shares of Lilis Energy (NASDAQ LLEX) traded down 0.96% on Thursday, reaching $4.12. The company had a trading volume of 129,458 shares. The company has a 50 day moving average of $3.94 and a 200-day moving average of $4.36. Lilis Energy has a 52 week low of $1.70 and a 52 week high of $5.69. The company’s market capitalization is $209.37 million.

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Institutional investors and hedge funds have recently bought and sold shares of the company. National Asset Management Inc. increased its position in shares of Lilis Energy by 22.7% during the second quarter. National Asset Management Inc. now owns 21,600 shares of the company’s stock worth $106,000 after purchasing an additional 4,000 shares in the last quarter. Nationwide Fund Advisors acquired a new stake in shares of Lilis Energy during the second quarter worth about $117,000. Biegel & Waller LLC acquired a new stake in shares of Lilis Energy during the second quarter worth about $123,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Lilis Energy during the second quarter worth about $180,000. Finally, Rhumbline Advisers acquired a new stake in shares of Lilis Energy during the second quarter worth about $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.

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Analyst Recommendations for Lilis Energy (NASDAQ:LLEX)

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