Sundance Energy Australia (SNDE) Cut to “Hold” at Zacks Investment Research

Zacks Investment Research lowered shares of Sundance Energy Australia (NASDAQ:SNDE) from a buy rating to a hold rating in a report published on Thursday morning.

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. “

SNDE has been the subject of a number of other research reports. Stifel Nicolaus set a $7.00 price target on Sundance Energy Australia and gave the company a buy rating in a research report on Thursday, October 5th. ValuEngine downgraded Sundance Energy Australia from a sell rating to a strong sell rating in a research report on Sunday, December 31st. Finally, Seaport Global Securities upgraded Sundance Energy Australia from a neutral rating to a buy rating in a research report on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $6.13.

Shares of Sundance Energy Australia (SNDE) traded up $0.09 on Thursday, hitting $8.34. The stock had a trading volume of 40,400 shares, compared to its average volume of 22,367. Sundance Energy Australia has a 12-month low of $3.61 and a 12-month high of $17.60.

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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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