Brokers Set Expectations for Lilis Energy Inc’s Q4 2017 Earnings (LLEX)
Lilis Energy Inc (NYSEAMERICAN:LLEX) – Equities research analysts at SunTrust Banks upped their Q4 2017 earnings per share (EPS) estimates for Lilis Energy in a note issued to investors on Tuesday. SunTrust Banks analyst N. Dingmann now anticipates that the company will post earnings per share of ($0.08) for the quarter, up from their previous forecast of ($0.10). SunTrust Banks has a “Buy” rating and a $7.00 price target on the stock. SunTrust Banks also issued estimates for Lilis Energy’s FY2018 earnings at $0.31 EPS, FY2019 earnings at $1.00 EPS and FY2020 earnings at $1.91 EPS.
Other equities research analysts have also issued research reports about the company. Zacks Investment Research raised Lilis Energy from a “sell” rating to a “hold” rating in a research note on Thursday, September 7th. Stephens began coverage on Lilis Energy in a research note on Friday, September 29th. They set an “overweight” rating and a $6.00 price objective for the company. Northland Securities lowered Lilis Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 3rd. Capital One Financial Corporation began coverage on Lilis Energy in a research note on Thursday, October 5th. They set an “overweight” rating and a $7.00 price objective for the company. Finally, Leerink Swann began coverage on Lilis Energy in a research note on Monday, August 28th. They set an “outperform” rating and a $6.00 price objective for the company. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $6.71.
TRADEMARK VIOLATION NOTICE: “Brokers Set Expectations for Lilis Energy Inc’s Q4 2017 Earnings (LLEX)” was posted by Daily Political and is the property of of Daily Political. If you are reading this report on another site, it was stolen and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.dailypolitical.com/2017/11/17/brokers-set-expectations-for-lilis-energy-incs-q4-2017-earnings-llex.html.
Lilis Energy (LLEX) traded up $0.27 during trading hours on Friday, reaching $4.94. The company had a trading volume of 123,270 shares, compared to its average volume of 207,379. Lilis Energy has a 12 month low of $2.30 and a 12 month high of $5.69.
An institutional investor recently raised its position in Lilis Energy stock. Wolverine Trading LLC grew its position in shares of Lilis Energy Inc (NYSEAMERICAN:LLEX) by 411.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 61,188 shares of the company’s stock after purchasing an additional 49,214 shares during the period. Wolverine Trading LLC owned about 0.12% of Lilis Energy worth $274,000 at the end of the most recent reporting period.
In other Lilis Energy 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 sale was disclosed in a filing with the SEC, which is available at the SEC website.
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 Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lilis Energy Inc and related companies with MarketBeat.com's FREE daily email newsletter.