Zacks Investment Research upgraded shares of Lilis Energy Inc (NASDAQ:LLEX) from a sell rating to a hold rating in a report released on Friday morning.

According to Zacks, “Lilis Energy, Inc. is an independent oil and gas exploration and production company. It is engaged in the acquisition, drilling and production of oil and natural gas properties and prospects within the DJ Basin. Lilis Energy, Inc., formerly known as Recovery Energy, Inc., is based in Denver. “

Other research analysts also recently issued reports about the company. Seaport Global Securities assumed coverage on Lilis Energy in a research report on Tuesday, May 23rd. They set a buy rating and a $8.50 target price for the company. Leerink Swann assumed coverage on Lilis Energy in a research report on Monday, August 28th. They set an outperform rating and a $6.00 target price for the company. SunTrust Banks, Inc. assumed coverage on Lilis Energy in a research report on Monday, August 14th. They set a buy rating and a $7.00 target price for the company. Finally, Northland Securities downgraded Lilis Energy from an outperform rating to a market perform rating in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $6.88.

Shares of Lilis Energy (LLEX) traded up 3.28% during midday trading on Friday, hitting $3.78. 97,352 shares of the stock were exchanged. Lilis Energy has a 52-week low of $1.70 and a 52-week high of $5.69. The firm’s market cap is $192.09 million. The firm’s 50-day moving average is $4.02 and its 200 day moving average is $4.35.

COPYRIGHT VIOLATION NOTICE: “Lilis Energy Inc (LLEX) Upgraded to Hold by Zacks Investment Research” was first published by Watch List News and is the sole property of of Watch List News. If you are reading this piece on another domain, it was illegally copied and reposted in violation of US and international trademark & copyright law. The legal version of this piece can be read at https://www.watchlistnews.com/lilis-energy-inc-llex-upgraded-to-hold-by-zacks-investment-research/1538364.html.

A number of hedge funds have recently modified their holdings of LLEX. National Asset Management Inc. increased its stake in shares of Lilis Energy by 22.7% in the second quarter. National Asset Management Inc. now owns 21,600 shares of the company’s stock worth $106,000 after buying an additional 4,000 shares in the last quarter. Nationwide Fund Advisors bought a new stake in shares of Lilis Energy during the second quarter worth about $117,000. Biegel & Waller LLC bought a new stake in shares of Lilis Energy during the second quarter worth about $123,000. The Manufacturers Life Insurance Company bought a new stake in shares of Lilis Energy during the second quarter worth about $180,000. Finally, Rhumbline Advisers bought a new stake in shares of Lilis Energy during the second quarter worth about $219,000.

Lilis Energy Company Profile

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.

Analyst Recommendations for Lilis Energy (NASDAQ:LLEX)

Receive News & Ratings for Lilis Energy Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lilis Energy Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.