/Lilis Energy (NASDAQ:LLEX) Trading Down 10.8%

Lilis Energy (NASDAQ:LLEX) Trading Down 10.8%

Shares of Lilis Energy Inc. (NASDAQ:LLEX) traded down 10.8% during mid-day trading on Wednesday . The stock traded as low as $0.32 and last traded at $0.33, 97,247 shares were traded during mid-day trading. A decline of 99% from the average session volume of 10,994,423 shares. The stock had previously closed at $0.37.

Separately, Seaport Global Securities lowered Lilis Energy from a “buy” rating to a “neutral” rating in a report on Thursday, October 10th.

The firm’s fifty day moving average is $0.26.

Lilis Energy (NASDAQ:LLEX) last released its earnings results on Thursday, November 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.01. The business had revenue of $11.60 million during the quarter, compared to the consensus estimate of $12.05 million.

Lilis Energy Company Profile (NASDAQ:LLEX)

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 Delaware Basin is approximately 20,400 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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