Lilis Energy Inc (LLEX) Expected to Announce Earnings of -$0.12 Per Share
Wall Street brokerages predict that Lilis Energy Inc (NASDAQ:LLEX) will report earnings per share (EPS) of ($0.12) for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Lilis Energy’s earnings, with estimates ranging from ($0.17) to ($0.05). Lilis Energy posted earnings per share of ($0.31) during the same quarter last year, which would suggest a positive year-over-year growth rate of 61.3%. The company is scheduled to issue its next earnings results on Monday, November 13th.
According to Zacks, analysts expect that Lilis Energy will report full year earnings of ($0.76) per share for the current year. For the next year, analysts expect that the company will post earnings of $0.25 per share, with EPS estimates ranging from $0.06 to $0.52. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Lilis Energy.
A number of equities analysts have commented on LLEX shares. Zacks Investment Research raised shares of Lilis Energy from a “sell” rating to a “hold” rating in a report on Tuesday. Stephens assumed coverage on shares of Lilis Energy in a report on Friday, September 29th. They set an “overweight” rating and a $6.00 price target for the company. Williams Capital assumed coverage on shares of Lilis Energy in a report on Tuesday, September 26th. They set a “buy” rating and a $7.00 price target for the company. SunTrust Banks, Inc. assumed coverage on shares of Lilis Energy in a report on Monday, August 14th. They set a “buy” rating and a $7.00 price target for the company. Finally, Leerink Swann assumed coverage on shares of Lilis Energy in a report on Monday, August 28th. They set an “outperform” rating and a $6.00 price target for the company. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Lilis Energy has a consensus rating of “Buy” and a consensus target price of $6.71.
Lilis Energy (LLEX) opened at 4.98 on Friday. The firm’s market cap is $253.07 million. The company has a 50 day moving average of $4.37 and a 200-day moving average of $4.44. Lilis Energy has a one year low of $2.10 and a one year high of $5.69.
In other news, major shareholder Fund Vertex sold 10,720 shares of the business’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $5.01, for a total transaction of $53,707.20. Following the completion of the transaction, the insider now owns 6,962,640 shares of the company’s stock, valued at $34,882,826.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. acquired a new position in shares of Lilis Energy during the second quarter valued at $4,046,000. Gilder Gagnon Howe & Co. LLC acquired a new position in shares of Lilis Energy during the second quarter valued at $3,384,000. State Street Corp acquired a new position in shares of Lilis Energy during the second quarter valued at $2,762,000. Northern Trust Corp acquired a new position in shares of Lilis Energy during the second quarter valued at $2,137,000. Finally, TIAA CREF Investment Management LLC acquired a new position in shares of Lilis Energy during the second quarter valued at $553,000.
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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.
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