Gilder Gagnon Howe & Co. LLC acquired a new stake in shares of Lilis Energy Inc (NASDAQ:LLEX) during the second quarter, according to its most recent filing with the SEC. The institutional investor acquired 690,522 shares of the company’s stock, valued at approximately $3,384,000.

Lilis Energy Inc (NASDAQ:LLEX) opened at 3.59 on Thursday. Lilis Energy Inc has a 1-year low of $1.10 and a 1-year high of $5.69. The company’s 50-day moving average is $4.59 and its 200 day moving average is $4.42. The stock’s market capitalization is $181.00 million.

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LLEX has been the topic of several recent analyst reports. Johnson Rice initiated coverage on shares of Lilis Energy in a research report on Tuesday, April 18th. They set a “buy” rating on the stock. Seaport Global Securities initiated coverage on shares of Lilis Energy in a research report on Tuesday, May 23rd. They set a “buy” rating and a $8.50 price objective on the stock. Northland Securities downgraded shares of Lilis Energy from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 3rd. Finally, Zacks Investment Research cut shares of Lilis Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st.

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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