Lilis Energy Inc. (NASDAQ:LLEX) Expected to Post Quarterly Sales of $14.45 Million

Equities research analysts expect Lilis Energy Inc. (NASDAQ:LLEX) to post sales of $14.45 million for the current quarter, Zacks reports. Two analysts have made estimates for Lilis Energy’s earnings, with the highest sales estimate coming in at $16.60 million and the lowest estimate coming in at $12.30 million. The firm is scheduled to announce its next quarterly earnings report on Thursday, February 6th.

On average, analysts expect that Lilis Energy will report full-year sales of $65.50 million for the current year, with estimates ranging from $63.50 million to $67.50 million. For the next financial year, analysts expect that the company will post sales of $72.10 million, with estimates ranging from $68.20 million to $76.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Lilis Energy.

Lilis Energy (NASDAQ:LLEX) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.01. The company had revenue of $11.60 million during the quarter, compared to analyst estimates of $12.05 million.

Separately, Seaport Global Securities downgraded shares of Lilis Energy from a “buy” rating to a “neutral” rating in a report on Thursday, October 10th.

LLEX stock remained flat at $$0.15 during trading on Friday. 916,973 shares of the company traded hands, compared to its average volume of 507,369. The stock has a fifty day moving average of $0.20. Lilis Energy has a 1-year low of $0.13 and a 1-year high of $2.45.

About Lilis Energy

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 Delaware Basin is approximately 20,400 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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