Lilis Energy Inc. (LLEX) Receives Consensus Recommendation of “Strong Buy” from Brokerages

Lilis Energy Inc. (NASDAQ:LLEX) has received an average broker rating score of 1.38 (Strong Buy) from the eight brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating, one has given a buy rating and six have issued a strong buy rating on the company. Lilis Energy’s rating score has declined by 38% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.

Brokerages have set a twelve-month consensus price objective of $6.75 for the company and are expecting that the company will post ($0.06) EPS for the current quarter, according to Zacks. Zacks has also given Lilis Energy an industry rank of 52 out of 257 based on the ratings given to related companies.

Separately, Ifs Securities reaffirmed an “outperform” rating on shares of Lilis Energy in a report on Monday, October 29th.

Lilis Energy stock traded down $0.15 during mid-day trading on Friday, reaching $2.91. The company had a trading volume of 421,000 shares, compared to its average volume of 366,086. Lilis Energy has a 1 year low of $2.57 and a 1 year high of $6.30.

Lilis Energy (NASDAQ:LLEX) last issued its earnings results on Thursday, August 9th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.12). The business had revenue of $17.48 million for the quarter, compared to the consensus estimate of $21.78 million.

Lilis Energy Company Profile

Lilis Energy, Inc, an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of conventional and unconventional oil and natural gas properties. Its total net acreage in the Permian Basin is approximately 19,000 acres. The company's oil and natural gas properties are located in the Delaware Basin in Winkler, Loving, and Reeves counties, Texas; and Lea County, New Mexico.

Read More: How does a reverse stock split work?

Get a free copy of the Zacks research report on Lilis Energy (LLEX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.

Leave a Reply