Sundance Energy Australia Ltd. (SNDE) Stock Rating Reaffirmed by Iberia Capital
Sundance Energy Australia Ltd. (NASDAQ:SNDE)‘s stock had its “outperform” rating reissued by investment analysts at Iberia Capital in a research note issued to investors on Tuesday. They currently have a $7.00 price objective on the energy company’s stock. Iberia Capital’s price target would indicate a potential upside of 72.84% from the company’s previous close.
Several other equities analysts also recently commented on SNDE. Zacks Investment Research raised shares of Sundance Energy Australia from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 1st. Seaport Global Securities downgraded shares of Sundance Energy Australia from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $20.00 to $4.25 in a research note on Wednesday, June 21st. Canaccord Genuity downgraded shares of Sundance Energy Australia to a “buy” rating in a research note on Tuesday, August 1st. Finally, Stifel Nicolaus set a $7.00 price objective on shares of Sundance Energy Australia and gave the company a “buy” rating in a research note on Friday. Two research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. Sundance Energy Australia presently has an average rating of “Buy” and a consensus price target of $15.21.
Sundance Energy Australia (NASDAQ:SNDE) opened at 4.05 on Tuesday. The company’s market capitalization is $50.54 million. Sundance Energy Australia has a 12-month low of $3.91 and a 12-month high of $17.99. The stock’s 50 day moving average price is $4.62 and its 200 day moving average price is $7.10.
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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 companys 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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