Lilis Energy Inc (LLEX) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Lilis Energy Inc (OTC:LLEX) have received an average recommendation of “Buy” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $6.90.
LLEX has been the topic of several research analyst reports. Northland Securities lowered 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 report on Monday, August 14th. They set a “buy” rating and a $7.00 price target on the stock. Leerink Swann initiated coverage on Lilis Energy in a research report on Monday, August 28th. They set an “outperform” rating and a $6.00 price target on the stock. Stephens initiated coverage on Lilis Energy in a research report on Friday, September 29th. They set an “overweight” rating and a $6.00 price target on the stock. Finally, Capital One Financial Corporation initiated coverage on Lilis Energy in a research report on Thursday, October 5th. They set an “overweight” rating and a $7.00 price target on the stock.
Shares of Lilis Energy (LLEX) opened at 4.64 on Tuesday. The company’s 50 day moving average is $4.43 and its 200-day moving average is $4.47. Lilis Energy has a 1-year low of $2.10 and a 1-year high of $5.69. The stock’s market capitalization is $235.80 million.
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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