Equities researchers at Capital One Financial Corporation assumed coverage on shares of Lilis Energy Inc (NASDAQ:LLEX) in a research note issued to investors on Thursday, Marketbeat Ratings reports. The firm set an “overweight” rating and a $7.00 price target on the stock. Capital One Financial Corporation’s target price would indicate a potential upside of 46.44% from the stock’s previous close.

Several other research analysts have also commented on the company. Northland Securities lowered Lilis Energy from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 3rd. Zacks Investment Research upgraded Lilis Energy from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. 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 objective on the stock. 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 objective on the stock. Finally, Williams Capital started coverage on Lilis Energy in a research note on Tuesday, September 26th. They issued a “buy” rating and a $7.00 price objective on the stock. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Lilis Energy currently has a consensus rating of “Buy” and an average target price of $6.71.

Shares of Lilis Energy (LLEX) traded up 4.372% during midday trading on Thursday, reaching $4.989. The company’s stock had a trading volume of 268,741 shares. The stock’s 50-day moving average is $3.97 and its 200-day moving average is $4.38. Lilis Energy has a one year low of $2.10 and a one year high of $5.69. The company’s market capitalization is $253.53 million.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. Mesirow Financial Investment Management Inc. acquired a new stake in shares of Lilis Energy in the second quarter valued at $230,000. National Asset Management Inc. raised its stake in shares of Lilis Energy by 22.7% in the second quarter. National Asset Management Inc. now owns 21,600 shares of the company’s stock valued at $106,000 after acquiring an additional 4,000 shares in the last quarter. California State Teachers Retirement System acquired a new stake in shares of Lilis Energy in the second quarter valued at $371,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Lilis Energy in the second quarter valued at $180,000. Finally, State Street Corp acquired a new stake in shares of Lilis Energy in the second quarter valued at $2,762,000.

About Lilis Energy

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.

Analyst Recommendations for Lilis Energy (NASDAQ:LLEX)

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