SUNDANCE ENERGY/S (NASDAQ:SNDE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday, Zacks.com reports.

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. “

A number of other research analysts have also recently commented on the company. SunTrust Banks lowered their target price on SUNDANCE ENERGY/S from $7.00 to $2.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Northland Securities lowered SUNDANCE ENERGY/S from an “outperform” rating to a “hold” rating in a research report on Friday, March 13th. Finally, ValuEngine upgraded shares of SUNDANCE ENERGY/S from a “hold” rating to a “buy” rating in a report on Wednesday, May 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. SUNDANCE ENERGY/S currently has an average rating of “Hold” and an average target price of $19.25.

Shares of SNDE traded down $0.03 during trading hours on Tuesday, reaching $2.75. 308 shares of the company traded hands, compared to its average volume of 368,633. SUNDANCE ENERGY/S has a 12 month low of $1.00 and a 12 month high of $23.78. The company’s fifty day moving average price is $2.93 and its two-hundred day moving average price is $7.78. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $18.49 million, a price-to-earnings ratio of -4.79 and a beta of 3.33.

A number of large investors have recently made changes to their positions in the business. Verus Capital Partners LLC bought a new stake in SUNDANCE ENERGY/S in the fourth quarter worth $38,000. Morgan Stanley purchased a new position in shares of SUNDANCE ENERGY/S in the 1st quarter worth about $440,000. Advisory Research Inc. bought a new position in SUNDANCE ENERGY/S in the 1st quarter worth about $981,000. Finally, Citigroup Inc. boosted its stake in SUNDANCE ENERGY/S by 410.8% in the 4th quarter. Citigroup Inc. now owns 136,015 shares of the energy company’s stock worth $2,582,000 after purchasing an additional 109,389 shares in the last quarter. Institutional investors and hedge funds own 19.35% of the company’s stock.

SUNDANCE ENERGY/S Company Profile

Sundance Energy Australia Limited operates as an onshore oil and gas company in the United States. The company explores for, develops, and produces oil and natural gas. Its 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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