Wall Street analysts expect that Sundance Energy Australia (NASDAQ:SNDE) will report sales of $29.30 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Sundance Energy Australia’s earnings. The highest sales estimate is $33.10 million and the lowest is $23.00 million. The company is scheduled to announce its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that Sundance Energy Australia will report full year sales of $150.05 million for the current year, with estimates ranging from $126.10 million to $174.00 million. For the next year, analysts forecast that the firm will post sales of $314.00 million per share. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Sundance Energy Australia.
Several analysts have recently weighed in on SNDE shares. Zacks Investment Research lowered shares of Sundance Energy Australia from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. Seaport Global Securities upgraded shares of Sundance Energy Australia from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 19th. ValuEngine lowered shares of Sundance Energy Australia from a “sell” rating to a “strong sell” rating in a research report on Sunday, December 31st. Stifel Nicolaus set a $10.00 target price on shares of Sundance Energy Australia and gave the company a “buy” rating in a research report on Tuesday, January 30th. Finally, Johnson Rice started coverage on shares of Sundance Energy Australia in a research report on Wednesday, March 21st. They set a “buy” rating and a $8.00 target price on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $6.71.
Shares of Sundance Energy Australia stock traded up $0.02 during trading on Monday, hitting $4.49. 6,250 shares of the company’s stock traded hands, compared to its average volume of 14,431. Sundance Energy Australia has a twelve month low of $3.61 and a twelve month high of $9.59. The firm has a market cap of $55.85, a P/E ratio of -0.86 and a beta of 3.80.
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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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