Northland Securities Downgrades Lilis Energy Inc (OTC:LLEX) to Market Perform

Paterniano Del Favero
Agosto 6, 2017

Other analysts also recently issued research reports about the stock.

Northland Securities downgraded shares of Lilis Energy Inc (OTC:LLEX) from an outperform rating to a market perform rating in a research note issued to investors on Thursday morning.

The current consensus rating on Lilis Energy (NASDAQ:LLEX) is Buy (Score: 2.67) with a consensus target price of $8.00 per share, a potential 99.50% upside. Johnson Rice assumed coverage on Lilis Energy in a research note on Tuesday, April 18th. They issued a "buy" rating for the company. Finally, Zacks Investment Research cut Lilis Energy from a "hold" rating to a "sell" rating in a research report on Wednesday, June 21st.

Lilis Energy (OTC:LLEX) traded up 0.26% during trading on Thursday, hitting $3.88. The firm has a 50-day moving average of $4.81 and a 200-day moving average of $4.42. The company has market cap of $193.61 million.

Shares of Lilis Energy closed the previous trading session at 4.01 down -0.43 -9.68% with 212,706 shares trading hands.

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Lilis Energy, Inc is an upstream independent oil and gas company. 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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