Lilis Energy Inc (LLEX) Stock Rating Reaffirmed by Seaport Global Securities
Lilis Energy Inc (NASDAQ:LLEX)‘s stock had its “buy” rating restated by equities researchers at Seaport Global Securities in a report issued on Wednesday. They currently have a $8.00 price objective on the stock, up from their prior price objective of $6.75. Seaport Global Securities’ target price would suggest a potential upside of 67.71% from the company’s previous close.
Several other analysts have also weighed in on LLEX. Stephens began coverage on Lilis Energy in a report on Friday, September 29th. They issued an “overweight” rating and a $6.00 price objective for the company. Williams Capital began coverage on Lilis Energy in a report on Tuesday, September 26th. They issued a “buy” rating and a $7.00 price objective for the company. Zacks Investment Research raised Lilis Energy from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. SunTrust Banks, Inc. began coverage on Lilis Energy in a report on Monday, August 14th. They issued a “buy” rating and a $7.00 price objective for the company. Finally, Leerink Swann began coverage on Lilis Energy in a report on Monday, August 28th. They issued an “outperform” rating and a $6.00 price objective for the company. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $6.67.
Shares of Lilis Energy (LLEX) traded up 7.66% during mid-day trading on Wednesday, hitting $4.78. The company had a trading volume of 961,153 shares. Lilis Energy has a 52-week low of $2.10 and a 52-week high of $5.69. The stock’s market cap is $242.91 million. The stock’s 50-day moving average is $3.94 and its 200-day moving average is $4.38.
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A number of institutional investors have recently made changes to their positions in LLEX. Gilder Gagnon Howe & Co. LLC bought a new stake in Lilis Energy in the second quarter valued at about $3,384,000. Schwab Charles Investment Management Inc. bought a new stake in Lilis Energy in the second quarter valued at about $352,000. Rhumbline Advisers bought a new stake in Lilis Energy in the second quarter valued at about $219,000. Bank of New York Mellon Corp bought a new stake in Lilis Energy in the second quarter valued at about $503,000. Finally, Biegel & Waller LLC bought a new stake in Lilis Energy in the second quarter valued at about $123,000.
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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