Northland Securities analyst Jeff Grampp maintained a Hold rating on Lilis Energy (LLEX) on March 17 and set a price target of $1.50. The company’s shares closed yesterday at $1.57, close to its 52-week low of $1.06.
According to TipRanks.com, Grampp has currently no stars on a ranking scale of 0-5 stars, with an average return of -10.1% and a 35.3% success rate. Grampp covers the Basic Materials sector, focusing on stocks such as Sundance Energy Australia, Goodrich Petroleum Corp, and Lonestar Resources US.
Currently, the analyst consensus on Lilis Energy is a Hold with an average price target of $1.75, which is an 11.5% upside from current levels. In a report issued on March 8, Williams Capital also maintained a Hold rating on the stock with a $2 price target.
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The company has a one-year high of $6.30 and a one-year low of $1.06. Currently, Lilis Energy has an average volume of 435.5K.
Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LLEX in relation to earlier this year.
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Lilis Energy, Inc. is an independent oil and gas company, which engages in the exploration, development, production, and acquisition of oil, natural gas, and natural gas liquids. It operations focuses on the Delaware Basin of the Permian in Winkler, Loving and Reeves Counties, Texas and Lea County, and New Mexico.
