Lilis Energy Inc (LLEX) Receives Average Recommendation of “Buy” from Analysts
Shares of Lilis Energy Inc (NYSEAMERICAN:LLEX) have received a consensus rating of “Buy” from the nine brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $6.71.
Several brokerages have recently commented on LLEX. Zacks Investment Research upgraded Lilis Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Capital One Financial began coverage on Lilis Energy in a research note on Thursday, October 5th. They set an “overweight” rating and a $7.00 price target on the stock. Seaport Global Securities restated a “buy” rating and set a $8.00 price target (up previously from $6.75) on shares of Lilis Energy in a research note on Wednesday, October 4th. SunTrust Banks started coverage on Lilis Energy in a research note on Monday, August 14th. They issued a “buy” rating and a $7.00 target price 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 target price on the stock.
In related news, major shareholder Fund Vertex sold 10,720 shares of Lilis Energy stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $5.01, for a total transaction of $53,707.20. Following the completion of the sale, the insider now owns 6,962,640 shares of the company’s stock, valued at $34,882,826.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Lilis Energy (NYSEAMERICAN LLEX) opened at $4.64 on Wednesday. Lilis Energy has a 52 week low of $2.30 and a 52 week high of $5.69.
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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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