Q4 2017 EPS Estimates for Lilis Energy Inc (LLEX) Boosted by SunTrust Banks
Lilis Energy Inc (NYSEAMERICAN:LLEX) – Equities researchers at SunTrust Banks upped their Q4 2017 earnings estimates for shares of Lilis Energy in a research note issued on Tuesday. SunTrust Banks analyst N. Dingmann now expects that the company will post earnings of ($0.08) per share for the quarter, up from their previous estimate of ($0.10). SunTrust Banks has a “Buy” rating and a $7.00 price objective 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 analysts have also recently issued reports about the stock. Northland Securities raised shares of Lilis Energy from a “market perform” rating to an “outperform” rating and set a $6.00 price objective for the company in a research note on Monday, August 28th. Leerink Swann initiated coverage on shares of Lilis Energy in a research note on Monday, August 28th. They issued an “outperform” rating and a $6.00 price objective for the company. Zacks Investment Research raised shares of Lilis Energy from a “sell” rating to a “hold” rating in a research note on Thursday, September 7th. Stephens began coverage on shares of Lilis Energy in a research note on Friday, September 29th. They set an “overweight” rating and a $6.00 price target for the company. Finally, Williams Capital began coverage on shares of Lilis Energy in a research note on Tuesday, September 26th. They set a “buy” rating and a $7.00 price target for the company. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $6.71.
Lilis Energy (LLEX) opened at $4.94 on Friday. Lilis Energy has a 52 week low of $2.30 and a 52 week high of $5.69.
In related news, major shareholder Fund Vertex sold 10,720 shares of Lilis Energy stock in a transaction dated Thursday, October 5th. The shares were 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 in the company, valued at approximately $34,882,826.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
An institutional investor recently raised its position in Lilis Energy stock. Wolverine Trading LLC lifted its position in Lilis Energy Inc (NYSEAMERICAN:LLEX) by 411.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 61,188 shares of the company’s stock after buying an additional 49,214 shares during the period. Wolverine Trading LLC owned approximately 0.12% of Lilis Energy worth $274,000 as of its most recent SEC filing.
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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