B. Riley Weighs in on Lilis Energy Inc’s FY2018 Earnings (LLEX)

Lilis Energy Inc (NYSEAMERICAN:LLEX) – Equities researchers at B. Riley decreased their FY2018 earnings estimates for shares of Lilis Energy in a research report issued to clients and investors on Tuesday, November 6th. B. Riley analyst R. Rashid now anticipates that the company will earn ($0.31) per share for the year, down from their previous forecast of ($0.29). B. Riley also issued estimates for Lilis Energy’s Q4 2018 earnings at $0.02 EPS and Q2 2020 earnings at $0.15 EPS.

Lilis Energy (NYSEAMERICAN:LLEX) last issued its earnings results on Thursday, August 9th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.12). The firm had revenue of $17.48 million during the quarter, compared to the consensus estimate of $21.78 million.

A number of other equities analysts have also weighed in on the company. Ifs Securities assumed coverage on Lilis Energy in a research report on Monday, October 29th. They set an “outperform” rating on the stock. Williams Capital lowered Lilis Energy from a “buy” rating to a “hold” rating and lowered their target price for the stock from $8.00 to $5.00 in a research report on Wednesday, October 17th. Finally, Stifel Nicolaus lowered their target price on Lilis Energy from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, August 10th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $7.33.

Shares of NYSEAMERICAN:LLEX opened at $2.91 on Thursday. Lilis Energy has a twelve month low of $2.57 and a twelve month high of $6.30.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. grew its stake in Lilis Energy by 19.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 85,300 shares of the company’s stock valued at $444,000 after purchasing an additional 13,600 shares during the period. Biegel & Waller LLC grew its stake in Lilis Energy by 66.7% in the 3rd quarter. Biegel & Waller LLC now owns 62,500 shares of the company’s stock valued at $306,000 after purchasing an additional 25,000 shares during the period. Millennium Management LLC bought a new position in Lilis Energy in the 1st quarter valued at $135,000. Victory Capital Management Inc. grew its stake in Lilis Energy by 21.0% in the 3rd quarter. Victory Capital Management Inc. now owns 284,775 shares of the company’s stock valued at $1,395,000 after purchasing an additional 49,441 shares during the period. Finally, Perella Weinberg Partners Capital Management LP bought a new position in Lilis Energy in the 2nd quarter valued at $590,000.

In related news, major shareholder Oneenergy Partners Operating, sold 6,940,722 shares of the stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $4.90, for a total value of $34,009,537.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ronald D. Ormand purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, November 6th. The stock was bought at an average cost of $3.02 per share, with a total value of $30,200.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 106,000 shares of company stock worth $399,800 and have sold 7,181,832 shares worth $35,189,197.

Lilis Energy Company Profile

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 Permian Basin is approximately 19,000 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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Earnings History and Estimates for Lilis Energy (NYSEAMERICAN:LLEX)

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