Northland Securities cut shares of Lilis Energy Inc (NASDAQ:LLEX) from an outperform rating to a market perform rating in a report published on Thursday.

LLEX has been the topic of several other reports. Seaport Global Securities assumed coverage on shares of Lilis Energy in a report on Tuesday, May 23rd. They issued a buy rating and a $8.50 price target on the stock. Zacks Investment Research lowered shares of Lilis Energy from a hold rating to a sell rating in a report on Wednesday, June 21st. Finally, Johnson Rice assumed coverage on shares of Lilis Energy in a report on Tuesday, April 18th. They issued a buy rating on the stock.

Lilis Energy (NASDAQ:LLEX) traded up 0.26% during trading on Thursday, reaching $3.88. The company had a trading volume of 546,853 shares. The stock has a 50 day moving average of $4.81 and a 200-day moving average of $4.42. Lilis Energy has a 12-month low of $1.10 and a 12-month high of $5.69. The stock’s market capitalization is $195.63 million.

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Institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers purchased a new position in Lilis Energy during the second quarter valued at about $219,000. Schwab Charles Investment Management Inc. purchased a new position in Lilis Energy during the second quarter valued at about $352,000. Bank of New York Mellon Corp purchased a new position in Lilis Energy during the second quarter valued at about $503,000. Finally, Gilder Gagnon Howe & Co. LLC purchased a new position in Lilis Energy during the second quarter valued at about $3,384,000.

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.

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