Seaport Global Securities Weighs in on Lilis Energy Inc’s FY2017 Earnings (LLEX)

Lilis Energy Inc (NYSEAMERICAN:LLEX) – Investment analysts at Seaport Global Securities reduced their FY2017 earnings estimates for shares of Lilis Energy in a note issued to investors on Tuesday. Seaport Global Securities analyst M. Kelly now forecasts that the company will earn ($0.74) per share for the year, down from their prior forecast of ($0.73). Seaport Global Securities currently has a “Buy” rating and a $8.00 price target on the stock. Seaport Global Securities also issued estimates for Lilis Energy’s Q4 2017 earnings at ($0.06) EPS, Q1 2018 earnings at ($0.05) EPS, Q2 2018 earnings at $0.00 EPS, Q3 2018 earnings at $0.03 EPS, Q4 2018 earnings at $0.04 EPS and FY2018 earnings at $0.01 EPS.

A number of other equities analysts also recently commented on LLEX. Zacks Investment Research upgraded Lilis Energy from a “sell” rating to a “hold” rating in a report on Saturday, September 16th. Stephens started coverage on Lilis Energy in a report on Friday, September 29th. They issued an “overweight” rating and a $6.00 price objective on the stock. Williams Capital started coverage on Lilis Energy in a report on Tuesday, September 26th. They issued a “buy” rating and a $7.00 price objective on the stock. Finally, Capital One Financial restated an “overweight” rating and issued a $7.00 price objective on shares of Lilis Energy in a report on Thursday, October 5th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $6.71.

Shares of Lilis Energy (LLEX) opened at $4.85 on Thursday. Lilis Energy has a 52 week low of $2.90 and a 52 week high of $5.69. The stock has a market capitalization of $268.63, a PE ratio of -2.24 and a beta of -1.38.

A hedge fund recently raised its stake in Lilis Energy stock. Wolverine Trading LLC raised its holdings in shares of Lilis Energy Inc (NYSEAMERICAN:LLEX) by 411.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,188 shares of the company’s stock after acquiring 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.

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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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