Equities research analysts at SunTrust Banks, Inc. assumed coverage on shares of Lilis Energy Inc (NASDAQ:LLEX) in a report issued on Monday. The brokerage set a “buy” rating and a $7.00 price target on the stock. SunTrust Banks, Inc.’s target price would suggest a potential upside of 91.26% from the stock’s current price.
Several other brokerages also recently commented on LLEX. Johnson Rice began coverage on shares of Lilis Energy in a research note on Tuesday, April 18th. They set a “buy” rating for the company. Zacks Investment Research downgraded shares of Lilis Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. Seaport Global Securities began coverage on shares of Lilis Energy in a research note on Tuesday, May 23rd. They issued a “buy” rating and a $8.50 price target for the company. Finally, Northland Securities downgraded shares of Lilis Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. Lilis Energy presently has an average rating of “Hold” and a consensus target price of $7.67.
Shares of Lilis Energy (NASDAQ:LLEX) opened at 3.66 on Monday. The firm’s market capitalization is $184.53 million. Lilis Energy has a 52 week low of $1.22 and a 52 week high of $5.69. The stock has a 50 day moving average price of $4.45 and a 200 day moving average price of $4.41.
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Institutional investors have recently added to or reduced their stakes in the company. National Asset Management Inc. increased its position in Lilis Energy by 22.7% in the second quarter. National Asset Management Inc. now owns 21,600 shares of the company’s stock worth $106,000 after buying an additional 4,000 shares during the last quarter. Nationwide Fund Advisors bought a new position in Lilis Energy during the second quarter worth about $117,000. Biegel & Waller LLC bought a new position in Lilis Energy during the second quarter worth about $123,000. The Manufacturers Life Insurance Company bought a new position in Lilis Energy during the second quarter worth about $180,000. Finally, Rhumbline Advisers bought a new position in Lilis Energy during the second quarter worth about $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.
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