Sundance Energy Australia Ltd. (NASDAQ:SNDE) – Equities research analysts at Seaport Global Securities reduced their Q3 2017 earnings per share estimates for shares of Sundance Energy Australia in a research report issued on Tuesday, Zacks Investment Research reports. Seaport Global Securities analyst M. Kelly now anticipates that the energy company will post earnings per share of ($0.14) for the quarter, down from their prior estimate of ($0.02). Seaport Global Securities also issued estimates for Sundance Energy Australia’s FY2017 earnings at ($1.43) EPS, Q1 2018 earnings at ($0.09) EPS, Q2 2018 earnings at ($0.08) EPS, Q3 2018 earnings at ($0.02) EPS, Q4 2018 earnings at ($0.01) EPS and FY2018 earnings at ($0.20) EPS.
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Other analysts also recently issued reports about the stock. Canaccord Genuity downgraded shares of Sundance Energy Australia to a “buy” rating in a research report on Tuesday, August 1st. Stifel Nicolaus set a $7.00 price objective on shares of Sundance Energy Australia and gave the company a “buy” rating in a research report on Friday, August 25th. Zacks Investment Research raised shares of Sundance Energy Australia from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. Iberia Capital reissued an “outperform” rating and set a $7.00 price objective on shares of Sundance Energy Australia in a research report on Tuesday, August 29th. Finally, ValuEngine downgraded shares of Sundance Energy Australia from a “sell” rating to a “strong sell” rating in a research report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Sundance Energy Australia presently has an average rating of “Hold” and an average price target of $6.08.
Shares of Sundance Energy Australia (NASDAQ:SNDE) traded up $0.03 during mid-day trading on Thursday, reaching $5.20. 5,900 shares of the company traded hands, compared to its average volume of 10,100. Sundance Energy Australia has a one year low of $3.61 and a one year high of $17.99.
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 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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