Lilis Energy Inc (NYSEAMERICAN:LLEX) insider Ronald D. Ormand bought 10,000 shares of the stock in a transaction on Tuesday, November 6th. The shares were acquired at an average cost of $3.02 per share, for a total transaction of $30,200.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
LLEX stock traded up $0.30 during midday trading on Wednesday, reaching $3.31. 119,487 shares of the company’s stock traded hands, compared to its average volume of 364,673. Lilis Energy Inc has a 52 week low of $2.57 and a 52 week high of $6.30.
Lilis Energy (NYSEAMERICAN:LLEX) last issued its earnings results on Thursday, August 9th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.12). The business had revenue of $17.48 million for the quarter, compared to analyst estimates of $21.78 million.
Institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC bought a new position in shares of Lilis Energy in the first quarter worth $135,000. Schwab Charles Investment Management Inc. increased its holdings in shares of Lilis Energy by 19.0% in 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. Biegel & Waller LLC increased its holdings in shares of Lilis Energy by 66.7% in 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. BlackRock Inc. increased its holdings in shares of Lilis Energy by 38.3% in the second quarter. BlackRock Inc. now owns 2,762,139 shares of the company’s stock worth $14,363,000 after purchasing an additional 765,647 shares during the period. Finally, Southpaw Asset Management LP increased its holdings in shares of Lilis Energy by 49.7% in the second quarter. Southpaw Asset Management LP now owns 3,135,207 shares of the company’s stock worth $16,303,000 after purchasing an additional 1,040,893 shares during the period.
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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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