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, TheFly.com reports.

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