Lilis Energy Inc (LLEX) Coverage Initiated at Stephens
Stephens assumed coverage on shares of Lilis Energy Inc (NASDAQ:LLEX) in a report published on Friday morning, Marketbeat Ratings reports. The brokerage issued an overweight rating and a $6.00 price target on the stock.
Other analysts have also recently issued research reports about the company. 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 report on Monday, August 28th. Leerink Swann started coverage on Lilis Energy in a research note on Monday, August 28th. They issued an outperform rating and a $6.00 target price for the company. Zacks Investment Research raised Lilis Energy from a sell rating to a hold rating in a report on Thursday, September 7th. Williams Capital assumed coverage on Lilis Energy in a report on Tuesday, September 26th. They issued a buy rating and a $7.00 price target for the company. Finally, SunTrust Banks, Inc. assumed coverage on shares of Lilis Energy in a research report on Monday, August 14th. They set a buy rating and a $7.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $6.75.
Shares of Lilis Energy (NASDAQ LLEX) opened at 4.49 on Friday. Lilis Energy has a 52 week low of $2.10 and a 52 week high of $5.69. The company’s market capitalization is $228.17 million. The company’s 50 day moving average is $3.92 and its 200-day moving average is $4.38.
A number of hedge funds have recently bought and sold shares of LLEX. Vanguard Group Inc. acquired a new position in Lilis Energy during the 2nd quarter worth $4,046,000. Gilder Gagnon Howe & Co. LLC bought a new position in Lilis Energy in the 2nd quarter valued at $3,384,000. State Street Corp bought a new position in Lilis Energy in the 2nd quarter valued at $2,762,000. Northern Trust Corp bought a new position in Lilis Energy in the 2nd quarter valued at $2,137,000. Finally, TIAA CREF Investment Management LLC bought a new position in Lilis Energy in the 2nd quarter valued at $553,000.
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.
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