Lilis Energy (NYSEAMERICAN:LLEX) had its target price lowered by investment analysts at Stifel Nicolaus from $12.00 to $11.00 in a note issued to investors on Friday. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 157.61% from the stock’s previous close.

Separately, B. Riley boosted their price objective on shares of Lilis Energy from $5.50 to $6.00 and gave the stock a “buy” rating in a research report on Monday, June 11th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Lilis Energy has an average rating of “Buy” and an average price target of $7.11.

Lilis Energy stock opened at $4.27 on Friday. Lilis Energy has a twelve month low of $2.95 and a twelve month high of $6.30.

Lilis Energy (NYSEAMERICAN:LLEX) last announced its quarterly earnings data on Thursday, May 10th. The company reported ($0.15) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.05). The business had revenue of $14.40 million during the quarter, compared to the consensus estimate of $13.13 million. Lilis Energy had a negative return on equity of 419.18% and a negative net margin of 115.71%.

In related news, Director G Tyler Runnels acquired 30,000 shares of the company’s stock in a transaction dated Monday, May 14th. The shares were bought at an average cost of $4.35 per share, with a total value of $130,500.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Fund Vertex sold 300,000 shares of the stock in a transaction dated Wednesday, May 23rd. The shares were sold at an average price of $5.25, for a total transaction of $1,575,000.00. Following the completion of the transaction, the insider now directly owns 6,712,440 shares in the company, valued at $35,240,310. The disclosure for this sale can be found here. Insiders have sold 650,000 shares of company stock worth $3,625,500 over the last ninety days.

Several institutional investors and hedge funds have recently modified their holdings of LLEX. Millennium Management LLC acquired a new position in shares of Lilis Energy in the first quarter valued at about $135,000. Wells Fargo & Company MN grew its stake in shares of Lilis Energy by 799.6% in the fourth quarter. Wells Fargo & Company MN now owns 26,816 shares of the company’s stock valued at $137,000 after acquiring an additional 23,835 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in Lilis Energy by 19.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 85,300 shares of the company’s stock worth $444,000 after buying an additional 13,600 shares in the last quarter. Monarch Partners Asset Management LLC acquired a new stake in Lilis Energy during the first quarter worth about $453,000. Finally, Deutsche Bank AG grew its stake in Lilis Energy by 123.0% during the fourth quarter. Deutsche Bank AG now owns 93,984 shares of the company’s stock worth $479,000 after buying an additional 51,840 shares in the last quarter.

About Lilis Energy

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.

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Analyst Recommendations for Lilis Energy (NYSEAMERICAN:LLEX)

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