Brokerages Set Sundance Energy Australia (SNDE) Target Price at $7.20

Shares of Sundance Energy Australia (NASDAQ:SNDE) have been assigned an average recommendation of “Buy” from the eight analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $7.75.

SNDE has been the topic of several research analyst reports. Zacks Investment Research raised Sundance Energy Australia from a “hold” rating to a “buy” rating and set a $5.25 price target on the stock in a research report on Friday, March 23rd. Northland Securities reaffirmed a “buy” rating and issued a $9.00 price target on shares of Sundance Energy Australia in a research report on Wednesday, March 21st. Johnson Rice initiated coverage on Sundance Energy Australia in a research report on Wednesday, March 21st. They issued a “buy” rating and a $8.00 price target on the stock. Stifel Nicolaus set a $10.00 price target on Sundance Energy Australia and gave the company a “buy” rating in a research report on Tuesday, January 30th. Finally, Seaport Global Securities raised Sundance Energy Australia from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 19th.

Shares of NASDAQ:SNDE traded down $0.17 during midday trading on Friday, hitting $4.25. The company’s stock had a trading volume of 14,492 shares, compared to its average volume of 8,517. The company has a market cap of $53.10, a P/E ratio of -0.82 and a beta of 3.83. Sundance Energy Australia has a fifty-two week low of $3.61 and a fifty-two week high of $9.59.

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Sundance Energy Australia Company Profile

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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