Lilis Energy (NASDAQ:LLEX) Reaching An Inflection Point; Williams Capital Initiates Shares At “Buy” with $7 target

September 27, 2017 - By Winifred Garcia

 Lilis Energy (NASDAQ:LLEX) Reaching An Inflection Point; Williams Capital Initiates Shares At

Why Has Williams Capital Given Lilis Energy (NASDAQ:LLEX) a $7 Price Target

Investment firm Williams Capital has today has initiated coverage on Lilis Energy (NASDAQ:LLEX) shares, with a “Buy” rating, while giving it the price target at $7.

Lilis Energy Inc (NYSEMKT:LLEX) Ratings Coverage

Among 2 analysts covering Lilis Energy (NASDAQ:LLEX), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Lilis Energy had 3 analyst reports since August 3, 2017 according to SRatingsIntel. The rating was upgraded by Northland Capital on Monday, August 28 to “Outperform”. The stock of Lilis Energy Inc (NYSEMKT:LLEX) earned “Market Perform” rating by Northland Capital on Thursday, August 3.

About 151,464 shares traded. Lilis Energy Inc (NASDAQ:LLEX) has risen 226.06% since September 27, 2016 and is uptrending. It has outperformed by 209.36% the S&P500.

Analysts await Lilis Energy Inc (NYSEMKT:LLEX) to report earnings on November, 13. They expect $-0.09 earnings per share, up 70.97 % or $0.22 from last year’s $-0.31 per share. After $-0.57 actual earnings per share reported by Lilis Energy Inc for the previous quarter, Wall Street now forecasts -84.21 % EPS growth.

Lilis Energy, Inc. is an upstream independent gas and oil company. The company has market cap of $227.17 million. The Firm is engaged in the acquisition, drilling and production of oil and natural gas properties and prospects. It currently has negative earnings. The Firm drills for, operates and produces oil and natural gas wells through its land holdings located in Wyoming, Colorado, and Nebraska.

More notable recent Lilis Energy Inc (NYSEMKT:LLEX) news were published by: Seekingalpha.com which released: “Lilis Energy: A Permian Small Cap That Will Get A Lot Bigger” on July 31, 2017, also Bizjournals.com with their article: “Lilis Energy CEO resigns amid allegations of prior stock fraud” published on August 04, 2017, Prnewswire.com published: “Lilis Energy Provides Second Quarter Operations And Corporate Update” on August 14, 2017. More interesting news about Lilis Energy Inc (NYSEMKT:LLEX) were released by: Bizjournals.com and their article: “Lilis Energy now trading on the New York Stock Exchange” published on May 09, 2017 as well as Prnewswire.com‘s news article titled: “Lilis Energy Announces Delaware Basin Acquisition” with publication date: October 13, 2016.

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