Lilis Energy started with Outperform rating at Northland

|About: Lilis Energy, Inc. (LLEX)|By:, SA News Editor

Lilis Energy (LLEX +1.6%) is higher after Northland Capital initiates coverage with an Outperform rating and $7.50 price target.

The firm says LLEX is an emerging Delaware Basin pure-play with more than 8K net core acres that is embarking on an aggressive growth ramp, with early encouraging results from its operating drilling program, reports.

LLEX was initiated with a Buy rating at Johnson Rice earlier this week.