Wall Street brokerages expect SUNDANCE ENERGY/S (NASDAQ:SNDE) to announce $51.11 million in sales for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for SUNDANCE ENERGY/S’s earnings, with the highest sales estimate coming in at $60.70 million and the lowest estimate coming in at $47.00 million. The firm is scheduled to report its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that SUNDANCE ENERGY/S will report full-year sales of $260.08 million for the current fiscal year, with estimates ranging from $247.29 million to $281.20 million. For the next financial year, analysts forecast that the firm will report sales of $306.70 million, with estimates ranging from $280.00 million to $361.10 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover SUNDANCE ENERGY/S.
Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of SUNDANCE ENERGY/S from a “sell” rating to a “hold” rating in a research report on Friday, April 26th. Imperial Capital assumed coverage on shares of SUNDANCE ENERGY/S in a report on Thursday, May 2nd. They issued an “outperform” rating and a $6.00 price objective on the stock. Ifs Securities restated a “strong-buy” rating on shares of SUNDANCE ENERGY/S in a report on Sunday, February 3rd. Finally, Northland Securities restated a “buy” rating and issued a $8.00 price objective on shares of SUNDANCE ENERGY/S in a report on Thursday, March 21st. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $7.70.
An institutional investor recently bought a new position in SUNDANCE ENERGY/S stock. Citigroup Inc. bought a new position in shares of SUNDANCE ENERGY/S (NASDAQ:SNDE) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 23,166 shares of the energy company’s stock, valued at approximately $58,000. Citigroup Inc. owned 0.19% of SUNDANCE ENERGY/S as of its most recent filing with the Securities and Exchange Commission (SEC). 0.01% of the stock is currently owned by institutional investors and hedge funds.
Shares of SNDE stock traded up $0.14 on Friday, hitting $2.86. 2,680 shares of the stock traded hands, compared to its average volume of 7,749. SUNDANCE ENERGY/S has a twelve month low of $2.12 and a twelve month high of $6.76.
SUNDANCE ENERGY/S Company Profile
Sundance Energy Australia Limited operates as an onshore oil and gas company in the United States. The company explores for, develops, and produces oil and natural gas. Its exploration and development activities are focused on the Eagle Ford project in the South-Texas-Gulf Coast Basin. Sundance Energy Australia Limited was incorporated in 2004 and is based in Wayville, Australia.
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