SUNDANCE ENERGY/S (SNDE) Stock Rating Lowered by Zacks Investment Research
Zacks Investment Research cut shares of SUNDANCE ENERGY/S (NASDAQ:SNDE) from a hold rating to a sell rating in a research note released on Wednesday morning.
According to Zacks, “Sundance Energy Australia Limited is focused on the acquisition and development of oil and gas. Its asset primarily located in premier North American resource plays. Sundance Energy Australia Limited is headquareted in DENVER CO. “
A number of other brokerages also recently weighed in on SNDE. Ifs Securities reiterated a strong-buy rating on shares of SUNDANCE ENERGY/S in a research report on Sunday, February 3rd. Northland Securities reiterated a buy rating and issued a $8.00 price objective on shares of SUNDANCE ENERGY/S in a report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $8.13.
An institutional investor recently bought a new position in SUNDANCE ENERGY/S stock. Citigroup Inc. acquired a new stake in SUNDANCE ENERGY/S (NASDAQ:SNDE) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 23,166 shares of the energy company’s stock, valued at approximately $58,000. Citigroup Inc. owned about 0.19% of SUNDANCE ENERGY/S at the end of the most recent reporting period.
About SUNDANCE ENERGY/S
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 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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