Sundance Energy Australia Ltd. (SNDE) Rating Lowered to Sell at Zacks Investment Research
Sundance Energy Australia Ltd. (NASDAQ:SNDE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Wednesday.
According to Zacks, “Sundance Energy Australia Limited is focused on the acquisition and development of oil and gas. Its asset primarily located in premier North American resource plays. Sundance Energy Australia Limited is headquareted in DENVER CO. “
SNDE has been the topic of several other reports. Stifel Nicolaus set a $7.00 price target on Sundance Energy Australia and gave the stock a “buy” rating in a report on Friday, August 25th. Seaport Global Securities downgraded Sundance Energy Australia from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $20.00 to $4.25 in a report on Wednesday, June 21st. Canaccord Genuity downgraded Sundance Energy Australia to a “buy” rating in a report on Tuesday, August 1st. Finally, Iberia Capital reiterated an “outperform” rating and issued a $7.00 price target on shares of Sundance Energy Australia in a report on Tuesday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $15.21.
Shares of Sundance Energy Australia (NASDAQ:SNDE) opened at 4.05 on Wednesday. The company’s market capitalization is $50.54 million. Sundance Energy Australia has a 12-month low of $3.61 and a 12-month high of $17.99. The stock’s 50 day moving average price is $4.62 and its 200 day moving average price is $7.10.
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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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