Lilis Energy Inc (NYSEAMERICAN:LLEX) – Analysts at SunTrust Banks boosted their FY2018 EPS estimates for Lilis Energy in a note issued to investors on Tuesday, according to Zacks Investment Research. SunTrust Banks analyst N. Dingmann now anticipates that the company will earn ($0.15) per share for the year, up from their prior estimate of ($0.22). SunTrust Banks also issued estimates for Lilis Energy’s FY2020 earnings at $0.73 EPS.
Several other analysts have also recently commented on LLEX. Zacks Investment Research cut Lilis Energy from a “hold” rating to a “sell” rating in a report on Tuesday, February 6th. B. Riley assumed coverage on Lilis Energy in a report on Tuesday, February 6th. They set a “buy” rating and a $5.50 target price on the stock. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $6.56.
Shares of LLEX stock traded up $0.06 during mid-day trading on Thursday, hitting $3.65. The stock had a trading volume of 559,581 shares, compared to its average volume of 193,769. The company has a market capitalization of $186.56, a PE ratio of -1.68 and a beta of -1.39. Lilis Energy has a 12 month low of $2.95 and a 12 month high of $5.69.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in LLEX. Vertex One Asset Management Inc. raised its position in shares of Lilis Energy by 1.3% during the fourth quarter. Vertex One Asset Management Inc. now owns 7,189,480 shares of the company’s stock worth $36,738,000 after purchasing an additional 89,119 shares during the period. Deutsche Bank AG raised its position in shares of Lilis Energy by 123.0% during the fourth quarter. Deutsche Bank AG now owns 93,984 shares of the company’s stock worth $479,000 after purchasing an additional 51,840 shares during the period. Wolverine Trading LLC raised its position in shares of Lilis Energy by 411.0% during the third quarter. Wolverine Trading LLC now owns 61,188 shares of the company’s stock worth $274,000 after purchasing an additional 49,214 shares during the period. Geode Capital Management LLC raised its position in shares of Lilis Energy by 9.0% during the fourth quarter. Geode Capital Management LLC now owns 331,987 shares of the company’s stock worth $1,696,000 after purchasing an additional 27,331 shares during the period. Finally, BlackRock Inc. raised its position in shares of Lilis Energy by 1.3% during the fourth quarter. BlackRock Inc. now owns 2,019,513 shares of the company’s stock worth $10,320,000 after purchasing an additional 25,730 shares during the period.
Lilis Energy declared that its board has initiated a share buyback program on Wednesday, February 21st that permits the company to buyback $10.00 million in shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its shares are undervalued.
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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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