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

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. “

Other analysts have also recently issued reports about the company. Seaport Global Securities started coverage on Lilis Energy in a research note on Tuesday, May 23rd. They issued a “buy” rating and a $8.50 price target for the company. SunTrust Banks, Inc. started coverage on Lilis Energy in a research note on Monday, August 14th. They issued a “buy” rating and a $7.00 price target for the company. Northland Securities cut Lilis Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 3rd. Finally, Leerink Swann started coverage on Lilis Energy in a research note on Monday, August 28th. They issued an “outperform” rating and a $6.00 price target for the company. 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 target price of $6.88.

Shares of Lilis Energy (LLEX) traded down 6.59% on Friday, hitting $3.83. 597,684 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $3.85 and its 200 day moving average price is $4.36. Lilis Energy has a 1-year low of $2.10 and a 1-year high of $5.69. The company’s market cap is $194.63 million.

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Several institutional investors and hedge funds have recently modified their holdings of the stock. National Asset Management Inc. grew its position in shares of Lilis Energy by 22.7% in the 2nd quarter. National Asset Management Inc. now owns 21,600 shares of the company’s stock valued at $106,000 after purchasing an additional 4,000 shares during the period. Nationwide Fund Advisors acquired a new position in shares of Lilis Energy in the 2nd quarter valued at approximately $117,000. Biegel & Waller LLC acquired a new position in shares of Lilis Energy in the 2nd quarter valued at approximately $123,000. The Manufacturers Life Insurance Company acquired a new position in shares of Lilis Energy in the 2nd quarter valued at approximately $180,000. Finally, Rhumbline Advisers acquired a new position in shares of Lilis Energy in the 2nd quarter valued at approximately $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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