Lilis Energy Inc (LLEX) to Post Q3 2018 Earnings of $0.00 Per Share, Seaport Global Securities Forecasts

Lilis Energy Inc (NYSEAMERICAN:LLEX) – Equities research analysts at Seaport Global Securities cut their Q3 2018 earnings per share estimates for Lilis Energy in a research report issued to clients and investors on Tuesday. Seaport Global Securities analyst M. Kelly now expects that the company will post earnings of $0.00 per share for the quarter, down from their prior forecast of $0.03. Seaport Global Securities also issued estimates for Lilis Energy’s Q4 2018 earnings at $0.00 EPS.

Lilis Energy (NYSEAMERICAN:LLEX) last announced its quarterly earnings data on Tuesday, November 14th. The company reported ($0.12) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.12). Lilis Energy had a negative net margin of 115.71% and a negative return on equity of 419.18%.

A number of other brokerages have also weighed in on LLEX. B. Riley initiated coverage on shares of Lilis Energy in a report on Tuesday. They set a “buy” rating and a $5.50 price objective on the stock. Zacks Investment Research lowered shares of Lilis Energy from a “hold” rating to a “sell” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $6.56.

Shares of Lilis Energy (LLEX) traded down $0.08 on Wednesday, hitting $3.26. 53,306 shares of the stock were exchanged, compared to its average volume of 187,820. The stock has a market capitalization of $207.87, a price-to-earnings ratio of -1.51 and a beta of -1.67. Lilis Energy has a 12-month low of $2.95 and a 12-month high of $5.69.

Several hedge funds have recently bought and sold shares of LLEX. Wells Fargo & Company MN raised its position in shares of Lilis Energy by 799.6% during the 4th quarter. Wells Fargo & Company MN now owns 26,816 shares of the company’s stock worth $137,000 after purchasing an additional 23,835 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Lilis Energy by 163.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 34,936 shares of the company’s stock worth $179,000 after purchasing an additional 21,692 shares during the last quarter. Finally, Wolverine Trading LLC raised its position in shares of Lilis Energy by 411.0% during the 3rd quarter. Wolverine Trading LLC now owns 61,188 shares of the company’s stock worth $274,000 after purchasing an additional 49,214 shares during the last quarter.

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About Lilis Energy

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.

Earnings History and Estimates for Lilis Energy (NYSEAMERICAN:LLEX)

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