Zacks Investment Research Upgrades Sundance Energy Australia (SNDE) to “Buy”

Zacks Investment Research upgraded shares of Sundance Energy Australia (NASDAQ:SNDE) from a hold rating to a buy rating in a research note released on Saturday morning. They currently have $9.50 target price on the energy company’s stock.

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 equities research analysts have also recently issued reports on the company. ValuEngine cut Sundance Energy Australia from a sell rating to a strong sell rating in a report on Sunday, December 31st. Seaport Global Securities upgraded Sundance Energy Australia from a neutral rating to a buy rating in a report on Tuesday, December 19th. Finally, Stifel Nicolaus set a $7.00 price objective on Sundance Energy Australia and gave the stock a buy rating in a report on Thursday, October 5th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. Sundance Energy Australia presently has an average rating of Buy and an average price target of $6.94.

Shares of Sundance Energy Australia (NASDAQ SNDE) traded down $0.34 during midday trading on Friday, reaching $8.11. The company’s stock had a trading volume of 10,832 shares, compared to its average volume of 16,079. Sundance Energy Australia has a 1 year low of $3.61 and a 1 year high of $17.34.

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Sundance Energy Australia Company Profile

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 in the Eagle Ford project in the South-Texas-Gulf Coast Basin; and the Mississippian/Woodford Formations in Oklahoma.

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