Sundance Energy Australia Ltd. (SNDE) Receives Average Rating of “Buy” from Brokerages

Sundance Energy Australia Ltd. (NASDAQ:SNDE) has been given an average recommendation of “Buy” by the eight ratings firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $14.85.

SNDE has been the topic of several analyst reports. Canaccord Genuity lowered Sundance Energy Australia to a “buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research upgraded Sundance Energy Australia from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 1st. Seaport Global Securities lowered Sundance Energy Australia from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $20.00 to $4.25 in a research note on Wednesday, June 21st. Iberia Capital reiterated an “outperform” rating and issued a $7.00 price objective on shares of Sundance Energy Australia in a research note on Tuesday, August 29th. Finally, Stifel Nicolaus set a $7.00 price objective on Sundance Energy Australia and gave the company a “buy” rating in a research note on Friday, August 25th.

Shares of Sundance Energy Australia (NASDAQ:SNDE) opened at 4.44 on Wednesday. The company has a 50 day moving average price of $4.16 and a 200 day moving average price of $8.83. The company’s market cap is $55.40 million. Sundance Energy Australia has a one year low of $4.10 and a one year high of $17.99.

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About Sundance Energy Australia

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 in the Eagle Ford project in the South-Texas-Gulf Coast Basin; and the Mississippian/Woodford Formations in Oklahoma.

Analyst Recommendations for Sundance Energy Australia (NASDAQ:SNDE)

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