Lilis Energy Inc (LLEX) CFO Buys $75,750.00 in Stock

Lilis Energy Inc (NYSEAMERICAN:LLEX) CFO Joseph C. Daches acquired 25,000 shares of the business’s stock in a transaction dated Tuesday, November 6th. The shares were bought at an average cost of $3.03 per share, for a total transaction of $75,750.00. Following the transaction, the chief financial officer now directly owns 599,234 shares of the company’s stock, valued at approximately $1,815,679.02. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NYSEAMERICAN:LLEX opened at $2.91 on Friday. Lilis Energy Inc has a 12 month low of $2.57 and a 12 month high of $6.30.

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

Several research firms recently commented on LLEX. Stifel Nicolaus began coverage on Lilis Energy in a report on Tuesday, July 31st. They issued a “buy” rating on the stock. Williams Capital lowered Lilis Energy from a “buy” rating to a “hold” rating and dropped their target price for the company from $8.00 to $5.00 in a report on Wednesday, October 17th. Finally, Ifs Securities began coverage on Lilis Energy in a report on Monday, October 29th. They issued an “outperform” rating on the stock. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $7.33.

Hedge funds have recently modified their holdings of the business. Millennium Management LLC purchased a new position in shares of Lilis Energy during the first quarter worth about $135,000. Biegel & Waller LLC grew its holdings in shares of Lilis Energy by 66.7% during the third quarter. Biegel & Waller LLC now owns 62,500 shares of the company’s stock worth $306,000 after purchasing an additional 25,000 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Lilis Energy by 19.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 85,300 shares of the company’s stock worth $444,000 after purchasing an additional 13,600 shares during the last quarter. Perella Weinberg Partners Capital Management LP purchased a new position in shares of Lilis Energy during the second quarter worth about $590,000. Finally, EAM Investors LLC purchased a new position in shares of Lilis Energy during the second quarter worth about $630,000.

COPYRIGHT VIOLATION NOTICE: This report was posted by WKRB News and is the sole property of of WKRB News. If you are viewing this report on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The original version of this report can be read at https://www.wkrb13.com/2018/11/09/lilis-energy-inc-llex-cfo-buys-75750-00-in-stock.html.

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.

Featured Story: What is a Market Correction?

Insider Buying and Selling by Quarter for Lilis Energy (NYSEAMERICAN:LLEX)

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

Leave a Reply