Leerink Swann started coverage on shares of Lilis Energy Inc (NASDAQ:LLEX) in a research note issued to investors on Monday. The firm set an “outperform” rating and a $6.00 price target on the stock. Leerink Swann’s price objective would suggest a potential upside of 58.31% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. SunTrust Banks, Inc. started coverage on shares of Lilis Energy in a report on Monday, August 14th. They set a “buy” rating and a $7.00 price objective on the stock. Seaport Global Securities started coverage on shares of Lilis Energy in a report on Tuesday, May 23rd. They set a “buy” rating and a $8.50 price objective on the stock. Zacks Investment Research raised shares of Lilis Energy from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Finally, Northland Securities lowered shares of Lilis Energy from an “outperform” rating to a “market perform” rating in a report on Thursday, August 3rd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $7.25.

Lilis Energy (LLEX) traded up 1.32% on Monday, reaching $3.84. The company’s stock had a trading volume of 134,180 shares. Lilis Energy has a 12-month low of $1.70 and a 12-month high of $5.69. The company’s 50 day moving average price is $4.17 and its 200-day moving average price is $4.37. The stock’s market cap is $195.14 million.

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A number of large investors have recently bought and sold shares of LLEX. National Asset Management Inc. raised its stake in Lilis Energy by 22.7% in the second quarter. National Asset Management Inc. now owns 21,600 shares of the company’s stock valued at $106,000 after buying an additional 4,000 shares during the last quarter. Nationwide Fund Advisors acquired a new stake in Lilis Energy during the second quarter valued at approximately $117,000. Biegel & Waller LLC acquired a new stake in Lilis Energy during the second quarter valued at approximately $123,000. The Manufacturers Life Insurance Company acquired a new stake in Lilis Energy during the second quarter valued at approximately $180,000. Finally, Rhumbline Advisers acquired a new stake in Lilis Energy during the second quarter valued at approximately $219,000.

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.

Analyst Recommendations for Lilis Energy (NASDAQ:LLEX)

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