Lilis Energy Inc (NYSEAMERICAN:LLEX) – Equities research analysts at SunTrust Banks issued their Q1 2018 EPS estimates for Lilis Energy in a report released on Tuesday. SunTrust Banks analyst N. Dingmann anticipates that the company will earn ($0.14) per share for the quarter. SunTrust Banks also issued estimates for Lilis Energy’s Q2 2018 earnings at ($0.06) EPS, Q3 2018 earnings at $0.01 EPS, Q4 2018 earnings at $0.03 EPS and FY2019 earnings at $0.36 EPS.
A number of other research analysts have also weighed in on LLEX. Zacks Investment Research lowered shares of Lilis Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, February 6th. B. Riley initiated coverage on shares of Lilis Energy in a research note on Tuesday, February 6th. They issued a “buy” rating and a $5.50 price objective for the company. One research analyst has rated the stock with a sell rating and nine have given a buy rating to the company. Lilis Energy currently has a consensus rating of “Buy” and an average price target of $6.56.
Lilis Energy announced that its board has initiated a share repurchase program on Wednesday, February 21st that authorizes the company to buyback $10.00 million in shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.
A number of large investors have recently made changes to their positions in LLEX. Wolverine Trading LLC boosted its holdings in Lilis Energy by 411.0% in the 3rd quarter. Wolverine Trading LLC now owns 61,188 shares of the company’s stock valued at $274,000 after purchasing an additional 49,214 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Lilis Energy by 799.6% during the 4th quarter. Wells Fargo & Company MN now owns 26,816 shares of the company’s stock worth $137,000 after acquiring an additional 23,835 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Lilis Energy by 163.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 34,936 shares of the company’s stock worth $179,000 after acquiring an additional 21,692 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Lilis Energy by 1.3% during the 4th quarter. BlackRock Inc. now owns 2,019,513 shares of the company’s stock worth $10,320,000 after acquiring an additional 25,730 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Lilis Energy by 9.0% during the 4th quarter. Geode Capital Management LLC now owns 331,987 shares of the company’s stock worth $1,696,000 after acquiring an additional 27,331 shares during the last quarter.
TRADEMARK VIOLATION NOTICE: “Lilis Energy Inc Expected to Earn Q1 2018 Earnings of ($0.14) Per Share (LLEX)” was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another site, it was illegally stolen and reposted in violation of international copyright and trademark law. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2018/03/14/lilis-energy-inc-expected-to-earn-q1-2018-earnings-of-0-14-per-share-llex.html.
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.
Receive News & Ratings for Lilis Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lilis Energy and related companies with MarketBeat.com's FREE daily email newsletter.