Standard Lithium (OTCMKTS:SLI) PT Lowered to $3.50

Standard Lithium (OTCMKTS:SLI - Get Free Report) had its price objective decreased by Roth Mkm from $4.25 to $3.50 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. Roth Mkm's price target points to a potential upside of 124.36% from the company's current price.

Separately, BMO Capital Markets initiated coverage on shares of Standard Lithium in a report on Friday, February 16th. They set an "outperform" rating on the stock.

Standard Lithium Trading Up 17.3 %

Standard Lithium stock traded up $0.23 during trading hours on Thursday, reaching $1.56. 2,136,652 shares of the stock were exchanged, compared to its average volume of 1,232,003. The stock has a 50 day moving average of $1.20 and a two-hundred day moving average of $1.69. The company has a market cap of $269.49 million, a P/E ratio of -7.16 and a beta of 1.81. Standard Lithium has a twelve month low of $1.05 and a twelve month high of $4.85.

Standard Lithium (OTCMKTS:SLI - Get Free Report) last issued its quarterly earnings results on Thursday, February 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.03). On average, analysts expect that Standard Lithium will post -0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Standard Lithium stock. Van ECK Associates Corp boosted its holdings in shares of Standard Lithium Ltd. (OTCMKTS:SLI - Free Report) by 13.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,694,140 shares of the company's stock after acquiring an additional 329,320 shares during the period. Van ECK Associates Corp owned 1.56% of Standard Lithium worth $3,179,000 at the end of the most recent reporting period. 16.77% of the stock is owned by institutional investors.

About Standard Lithium

Standard Lithium Ltd. explores for, develops, and processes lithium brine properties in the United States. Its flagship project is the Lanxess project with area of approximately 150,000 acres located in southern Arkansas. The company was formerly known as Patriot Petroleum Corp. and changed its name to Standard Lithium Ltd.