Sundance Energy Australia Ltd. (SNDE) Upgraded to “Hold” at Zacks Investment Research

Sundance Energy Australia Ltd. (NASDAQ:SNDE) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Friday, October 27th.

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 SNDE. 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. ValuEngine cut Sundance Energy Australia from a “sell” rating to a “strong sell” rating in a research note on Tuesday, September 26th. Iberia Capital reissued an “outperform” rating and issued a $7.00 target price on shares of Sundance Energy Australia in a report on Tuesday, August 29th. Finally, Canaccord Genuity lowered Sundance Energy Australia to a “buy” rating in a report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $6.08.

Sundance Energy Australia (NASDAQ SNDE) traded up $0.03 during trading hours on Friday, reaching $5.20. The company’s stock had a trading volume of 5,900 shares, compared to its average volume of 10,100. Sundance Energy Australia has a 52 week low of $3.61 and a 52 week 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.

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