GeoSphere Capital Management reduced its stake in shares of Lilis Energy Inc (NYSEAMERICAN:LLEX) by 10.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 429,600 shares of the company’s stock after selling 51,849 shares during the quarter. Lilis Energy accounts for 5.0% of GeoSphere Capital Management’s portfolio, making the stock its 12th largest position. GeoSphere Capital Management owned about 0.81% of Lilis Energy worth $1,920,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Separately, Wolverine Trading LLC increased its stake in shares of Lilis Energy by 411.0% in the third quarter. Wolverine Trading LLC now owns 61,188 shares of the company’s stock valued at $274,000 after buying an additional 49,214 shares in the last quarter.
In other Lilis Energy news, major shareholder Fund Vertex sold 60,920 shares of the firm’s stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $4.97, for a total transaction of $302,772.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
A number of analysts recently commented on LLEX shares. Northland Securities upgraded Lilis Energy from a “market perform” rating to an “outperform” rating and set a $6.00 price objective for the company in a research report on Monday, August 28th. Zacks Investment Research upgraded Lilis Energy from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Seaport Global Securities reiterated a “buy” rating and issued a $8.00 price objective (up from $6.75) on shares of Lilis Energy in a research report on Wednesday, October 4th. Leerink Swann started coverage on Lilis Energy in a research report on Monday, August 28th. They issued an “outperform” rating and a $6.00 price objective for the company. Finally, Capital One Financial started coverage on Lilis Energy in a research report on Thursday, October 5th. They issued an “overweight” rating and a $7.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $6.71.
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About Lilis Energy
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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