$18.93 Million in Sales Expected for Sundance Energy Australia Ltd. (SNDE) This Quarter
Analysts predict that Sundance Energy Australia Ltd. (NASDAQ:SNDE) will report $18.93 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Sundance Energy Australia’s earnings, with the lowest sales estimate coming in at $17.80 million and the highest estimate coming in at $19.90 million. The firm is expected to announce its next earnings results on Monday, January 1st.
On average, analysts expect that Sundance Energy Australia will report full year sales of $18.93 million for the current fiscal year, with estimates ranging from $96.60 million to $104.90 million. For the next year, analysts anticipate that the business will report sales of $123.27 million per share, with estimates ranging from $87.70 million to $156.80 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Sundance Energy Australia.
A number of analysts recently commented on the stock. Seaport Global Securities cut shares of Sundance Energy Australia from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $20.00 to $4.25 in a research note on Wednesday, June 21st. Zacks Investment Research lowered shares of Sundance Energy Australia from a “hold” rating to a “sell” rating in a research report on Wednesday, June 14th. Finally, Stifel Nicolaus initiated coverage on shares of Sundance Energy Australia in a research report on Wednesday, April 12th. They set a “hold” rating and a $12.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $17.85.
Sundance Energy Australia (NASDAQ:SNDE) traded up 0.0782% on Friday, hitting $4.7358. 786 shares of the stock traded hands. The firm has a 50-day moving average price of $5.75 and a 200-day moving average price of $10.19. The company’s market capitalization is $59.09 million. Sundance Energy Australia has a 12 month low of $4.59 and a 12 month high of $17.99.
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