Lilis Energy Inc (NYSEAMERICAN:LLEX) was the target of a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 3,515,480 shares, a decline of 4.3% from the October 31st total of 3,672,262 shares. Based on an average daily trading volume, of 124,943 shares, the short-interest ratio is presently 28.1 days. Currently, 12.7% of the shares of the company are sold short.
Several research analysts recently issued reports on the stock. Stephens assumed coverage on shares of Lilis Energy in a report on Friday, September 29th. They set an “overweight” rating and a $6.00 target price for the company. Williams Capital assumed coverage on shares of Lilis Energy in a report on Tuesday, September 26th. They set a “buy” rating and a $7.00 target price for the company. Capital One Financial reissued an “overweight” rating and set a $7.00 target price on shares of Lilis Energy in a report on Thursday, October 5th. SunTrust Banks assumed coverage on shares of Lilis Energy in a report on Monday, August 14th. They set a “buy” rating and a $7.00 target price for the company. Finally, Northland Securities cut shares of Lilis Energy from an “outperform” rating to a “market perform” rating in a report on Thursday, August 3rd. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $6.71.
Lilis Energy (NYSEAMERICAN LLEX) opened at $4.85 on Thursday. Lilis Energy has a fifty-two week low of $2.30 and a fifty-two week high of $5.69.
In other news, major shareholder Fund Vertex sold 60,920 shares of Lilis Energy stock in a transaction on Friday, October 6th. The shares were sold at an average price of $4.97, for a total transaction of $302,772.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
An institutional investor recently raised its position in Lilis Energy stock. Wolverine Trading LLC raised its position in Lilis Energy Inc (NYSEAMERICAN:LLEX) by 411.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 61,188 shares of the company’s stock after buying an additional 49,214 shares during the period. Wolverine Trading LLC owned about 0.12% of Lilis Energy worth $274,000 at the end of the most recent quarter.
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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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