SUNDANCE ENERGY/S (NASDAQ:SNDE) – Equities researchers at SunTrust Banks dropped their Q2 2019 earnings estimates for SUNDANCE ENERGY/S in a research report issued to clients and investors on Monday, July 8th. SunTrust Banks analyst W. Fitzpatrick now forecasts that the energy company will post earnings of $0.04 per share for the quarter, down from their previous estimate of $0.05. SunTrust Banks has a “Hold” rating on the stock. SunTrust Banks also issued estimates for SUNDANCE ENERGY/S’s Q3 2019 earnings at $0.03 EPS, Q4 2019 earnings at $0.05 EPS, Q1 2020 earnings at $0.04 EPS, Q2 2020 earnings at $0.04 EPS, Q3 2020 earnings at $0.04 EPS and Q4 2020 earnings at $0.04 EPS.
Several other equities research analysts have also recently commented on the company. Imperial Capital began coverage on SUNDANCE ENERGY/S in a research note on Thursday, May 2nd. They issued an “outperform” rating and a $6.00 price target for the company. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Seaport Global Securities reissued a “buy” rating on shares of W&T Offshore in a research note on Friday, June 21st. Northland Securities reissued a “hold” rating and issued a $8.00 price target on shares of Evolution Petroleum in a research note on Thursday, March 21st. Finally, Zacks Investment Research cut Heritage Insurance from a “hold” rating to a “strong sell” rating in a research note on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. SUNDANCE ENERGY/S presently has an average rating of “Buy” and an average target price of $8.25.
Shares of NASDAQ SNDE opened at $1.66 on Wednesday. The firm has a 50 day moving average price of $2.01. SUNDANCE ENERGY/S has a 52 week low of $1.55 and a 52 week high of $6.75.
An institutional investor recently bought a new position in SUNDANCE ENERGY/S stock. Citigroup Inc. bought a new position in SUNDANCE ENERGY/S (NASDAQ:SNDE) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 23,166 shares of the energy company’s stock, valued at approximately $58,000. Citigroup Inc. owned about 0.19% of SUNDANCE ENERGY/S as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 0.01% of the company’s stock.
About SUNDANCE ENERGY/S
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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