$14.45 Million in Sales Expected for Lilis Energy Inc. (NASDAQ:LLEX) This Quarter

Brokerages forecast that Lilis Energy Inc. (NASDAQ:LLEX) will post $14.45 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Lilis Energy’s earnings, with the lowest sales estimate coming in at $12.30 million and the highest estimate coming in at $16.60 million. The firm is scheduled to announce its next quarterly earnings results on Thursday, February 6th.

According to Zacks, analysts expect that Lilis Energy will report full year sales of $65.50 million for the current financial year, with estimates ranging from $63.50 million to $67.50 million. For the next fiscal year, analysts anticipate that the company will report sales of $72.10 million, with estimates ranging from $68.20 million to $76.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Lilis Energy.

Lilis Energy (NASDAQ:LLEX) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.12) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.01. The business had revenue of $11.60 million during the quarter, compared to analyst estimates of $12.05 million.

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

NASDAQ:LLEX remained flat at $$0.15 during midday trading on Friday. 916,973 shares of the company traded hands, compared to its average volume of 507,369. Lilis Energy has a one year low of $0.13 and a one year high of $2.45. The company’s fifty day moving average price is $0.20.

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 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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