Sundance Energy Australia Ltd. (SNDE) Receives Average Recommendation of “Buy” from Brokerages
Sundance Energy Australia Ltd. (NASDAQ:SNDE) has received a consensus recommendation of “Buy” from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, two have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $18.06.
SNDE has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Sundance Energy Australia from a “hold” rating to a “sell” rating in a research note on Wednesday, June 14th. Seaport Global Securities lowered shares of Sundance Energy Australia from a “buy” rating to a “neutral” rating and cut their price target for the company from $20.00 to $4.25 in a research note on Wednesday, June 21st. Finally, Canaccord Genuity lowered shares of Sundance Energy Australia to a “buy” rating in a research note on Tuesday, August 1st.
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Shares of Sundance Energy Australia (SNDE) opened at 4.2884 on Tuesday. Sundance Energy Australia has a one year low of $4.29 and a one year high of $17.99. The company has a 50-day moving average of $4.89 and a 200 day moving average of $7.85. The stock’s market cap is $53.51 million.
Sundance Energy Australia Company Profile
Sundance Energy Australia Limited engages in the exploration, development, and production of oil and natural gas in the United States. The companys exploration and development activities are focused in the Eagle Ford project in the South-Texas-Gulf Coast Basin; and the Mississippian/Woodford Formations in Oklahoma.
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