Shares of SUNDANCE ENERGY/S (NASDAQ:SNDE) have earned a consensus rating of “Buy” from the seven brokerages that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $8.25.
A number of research firms recently commented on SNDE. Zacks Investment Research upgraded SUNDANCE ENERGY/S from a “sell” rating to a “hold” rating in a report on Friday, April 26th. Seaport Global Securities restated a “buy” rating on shares of SUNDANCE ENERGY/S in a report on Friday, June 21st. 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. Finally, Imperial Capital began coverage on SUNDANCE ENERGY/S in a report on Thursday, May 2nd. They issued an “outperform” rating and a $6.00 price objective on the stock.
An institutional investor recently bought a new position in SUNDANCE ENERGY/S stock. Citigroup Inc. purchased a new stake in shares of SUNDANCE ENERGY/S (NASDAQ:SNDE) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 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 SEC filing. 0.01% of the stock is currently owned by hedge funds and other institutional investors.
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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