Zacks: Lilis Energy Inc. (NASDAQ:LLEX) Receives Average Recommendation of “Hold” from Brokerages

Lilis Energy Inc. (NASDAQ:LLEX) has earned an average broker rating score of 2.71 (Hold) from the seven analysts that cover the stock, Zacks Investment Research reports. Six equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. Lilis Energy’s rating score has declined by 27.2% in the last three months as a result of various analysts’ upgrades and downgrades.

Brokerages have set a 12-month consensus target price of $2.00 for the company and are forecasting that the company will post ($0.11) earnings per share for the current quarter, according to Zacks. Zacks has also given Lilis Energy an industry rank of 166 out of 255 based on the ratings given to related companies.

Separately, Seaport Global Securities downgraded Lilis Energy from a “buy” rating to a “neutral” rating in a research report on Thursday.

Shares of Lilis Energy stock traded down $0.01 on Friday, reaching $0.31. 285,815 shares of the company were exchanged, compared to its average volume of 515,412. Lilis Energy has a 1-year low of $0.28 and a 1-year high of $4.13.

Lilis Energy (NASDAQ:LLEX) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.09) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.03. The company had revenue of $21.57 million for the quarter, compared to analyst estimates of $20.34 million.

Lilis Energy Company Profile

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 Delaware Basin is approximately 20,400 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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