Positive News Coverage Somewhat Unlikely to Affect Lilis Energy (LLEX) Share Price
Press coverage about Lilis Energy (NASDAQ:LLEX) has trended positive on Friday, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Lilis Energy earned a news sentiment score of 0.27 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.0618673512712 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of Lilis Energy (NASDAQ LLEX) opened at 3.66 on Friday. Lilis Energy has a 52 week low of $1.70 and a 52 week high of $5.69. The stock’s market cap is $185.99 million. The stock has a 50 day moving average price of $4.05 and a 200-day moving average price of $4.36.
A number of brokerages have recently weighed in on LLEX. Zacks Investment Research raised Lilis Energy from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Leerink Swann began coverage on Lilis Energy in a report on Monday. They issued an “outperform” rating and a $6.00 price objective on the stock. SunTrust Banks, Inc. began coverage on Lilis Energy in a research note on Monday, August 14th. They issued a “buy” rating and a $7.00 target price on the stock. Northland Securities upgraded Lilis Energy from a “market perform” rating to an “outperform” rating and set a $6.00 target price on the stock in a research note on Monday. Finally, Seaport Global Securities began coverage on Lilis Energy in a research note on Tuesday, May 23rd. They issued a “buy” rating and a $8.50 target price on the stock. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Lilis Energy presently has a consensus rating of “Buy” and an average price target of $6.88.
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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