Lilis Energy Inc (NYSEAMERICAN:LLEX) – Analysts at Seaport Global Securities dropped their Q3 2018 EPS estimates for Lilis Energy in a report issued on Thursday, October 18th. Seaport Global Securities analyst M. Kelly now forecasts that the company will post earnings per share of ($0.08) for the quarter, down from their prior estimate of ($0.04). Seaport Global Securities also issued estimates for Lilis Energy’s Q4 2018 earnings at ($0.05) EPS, FY2018 earnings at ($0.46) EPS, Q2 2019 earnings at $0.04 EPS, Q3 2019 earnings at $0.07 EPS, Q4 2019 earnings at $0.09 EPS and FY2019 earnings at $0.23 EPS.
Lilis Energy (NYSEAMERICAN:LLEX) last posted its quarterly earnings data on Thursday, August 9th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.12). The company had revenue of $17.48 million for the quarter, compared to analyst estimates of $21.78 million. Lilis Energy had a negative return on equity of 419.18% and a negative net margin of 115.71%.
Other equities analysts also recently issued research reports about the company. Stifel Nicolaus dropped their target price on Lilis Energy from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, August 10th. Williams Capital downgraded 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.
Shares of LLEX opened at $3.28 on Monday. Lilis Energy has a fifty-two week low of $3.10 and a fifty-two week high of $6.30.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Millennium Management LLC bought a new stake in shares of Lilis Energy in the 1st quarter valued at approximately $135,000. Biegel & Waller LLC boosted its position in 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 period. Schwab Charles Investment Management Inc. boosted its position in 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 period. Perella Weinberg Partners Capital Management LP bought a new stake in Lilis Energy during the second quarter worth approximately $590,000. Finally, EAM Investors LLC bought a new stake in Lilis Energy during the second quarter worth approximately $630,000.
In other news, CFO Joseph C. Daches purchased 30,000 shares of the stock in a transaction that occurred on Monday, August 13th. The stock was acquired at an average price of $4.01 per share, with a total value of $120,300.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Oneenergy Partners Operating, sold 6,940,722 shares of the business’s stock in a transaction that occurred on Tuesday, September 18th. The shares were sold at an average price of $4.90, for a total value of $34,009,537.80. The disclosure for this sale can be found here. In the last quarter, insiders bought 71,000 shares of company stock worth $293,850 and sold 7,181,832 shares worth $35,189,197.
About Lilis Energy
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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