SUNDANCE ENERGY/S (SNDE) Given Average Recommendation of “Buy” by Brokerages
Shares of SUNDANCE ENERGY/S (NASDAQ:SNDE) have received a consensus rating of “Buy” from the seven research firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $9.00.
Several equities analysts recently commented on the company. Stifel Nicolaus set a $10.00 target price on SUNDANCE ENERGY/S and gave the company a “buy” rating in a report on Tuesday, October 9th. Zacks Investment Research lowered SUNDANCE ENERGY/S from a “buy” rating to a “hold” rating in a report on Saturday, October 27th. Seaport Global Securities reaffirmed a “buy” rating on shares of SUNDANCE ENERGY/S in a report on Monday, August 13th. Finally, SunTrust Banks assumed coverage on SUNDANCE ENERGY/S in a report on Tuesday, November 13th. They set a “buy” rating and a $9.00 price objective on the stock.
NASDAQ:SNDE opened at $3.49 on Friday. SUNDANCE ENERGY/S has a 12 month low of $3.33 and a 12 month high of $9.59.
Sundance Energy Australia Limited engages in the exploration, development, and production of oil and natural gas in the United States. The company's exploration and development activities are focused on the Eagle Ford project in the South-Texas-Gulf Coast Basin. Sundance Energy Australia Limited was incorporated in 2004 and is based in Wayville, Australia.
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