Lilis Energy Inc (NYSEAMERICAN:LLEX) – Analysts at Seaport Global Securities lowered their Q1 2018 earnings per share estimates for Lilis Energy in a note issued to investors on Tuesday, April 3rd. Seaport Global Securities analyst M. Kelly now forecasts that the company will post earnings per share of ($0.11) for the quarter, down from their previous forecast of ($0.09). Seaport Global Securities also issued estimates for Lilis Energy’s Q4 2018 earnings at $0.01 EPS, FY2018 earnings at ($0.12) EPS, Q1 2019 earnings at $0.02 EPS, Q2 2019 earnings at $0.04 EPS, Q3 2019 earnings at $0.07 EPS and Q4 2019 earnings at $0.10 EPS.
LLEX has been the topic of several other reports. Zacks Investment Research lowered Lilis Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, February 6th. B. Riley started coverage on Lilis Energy in a research report on Tuesday, February 6th. They set a “buy” rating and a $5.50 price target on the stock. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $6.56.
Lilis Energy declared that its Board of Directors has initiated a share buyback plan on Wednesday, February 21st that allows the company to repurchase $10.00 million in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
A number of 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% in the 4th quarter. Vertex One Asset Management Inc. now owns 7,189,480 shares of the company’s stock valued at $36,738,000 after purchasing an additional 89,119 shares in the last quarter. Deutsche Bank AG raised its position in shares of Lilis Energy by 123.0% in the 4th quarter. Deutsche Bank AG now owns 93,984 shares of the company’s stock valued at $479,000 after purchasing an additional 51,840 shares in the last quarter. Wolverine Trading LLC raised its position in shares of Lilis Energy by 411.0% in the 3rd quarter. Wolverine Trading LLC now owns 61,188 shares of the company’s stock valued at $274,000 after purchasing an additional 49,214 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Lilis Energy by 9.0% in the 4th quarter. Geode Capital Management LLC now owns 331,987 shares of the company’s stock valued at $1,696,000 after purchasing an additional 27,331 shares in the last quarter. Finally, BlackRock Inc. raised its position in shares of Lilis Energy by 1.3% in the 4th quarter. BlackRock Inc. now owns 2,019,513 shares of the company’s stock valued at $10,320,000 after purchasing an additional 25,730 shares in the last quarter.
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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