Zacks: Lilis Energy Inc. (LLEX) Given $6.88 Consensus Target Price by Brokerages

Lilis Energy Inc. (NASDAQ:LLEX) has received an average broker rating score of 1.38 (Strong Buy) from the eight brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating, one has issued a buy rating and six have issued a strong buy rating on the company. Lilis Energy’s rating score has declined by 38% in the last three months as a result of various analysts’ upgrades and downgrades.

Brokers have set a 1 year consensus price target of $6.88 for the company and are expecting that the company will post ($0.04) earnings per share for the current quarter, according to Zacks. Zacks has also given Lilis Energy an industry rank of 35 out of 255 based on the ratings given to its competitors.

Separately, Ifs Securities reissued an “outperform” rating on shares of Lilis Energy in a report on Monday, October 29th.

Shares of LLEX stock opened at $3.12 on Friday. Lilis Energy has a 12-month low of $2.57 and a 12-month high of $6.30.

Lilis Energy (NASDAQ:LLEX) last announced its quarterly earnings results on Thursday, August 9th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.12). The company had revenue of $17.48 million for the quarter, compared to analysts’ expectations of $21.78 million.

Lilis Energy Company Profile

Lilis Energy, Inc, an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of conventional and unconventional oil and natural gas properties. Its total net acreage in the Permian Basin is approximately 19,000 acres. The company's oil and natural gas properties are located in the Delaware Basin in Winkler, Loving, and Reeves counties, Texas; and Lea County, New Mexico.

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