Sundance Energy Australia (SNDE) Cut to Hold at Zacks Investment Research

Sundance Energy Australia (NASDAQ:SNDE) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Thursday.

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. “

Other analysts also recently issued research reports about the stock. Seaport Global Securities upgraded shares of Sundance Energy Australia from a “neutral” rating to a “buy” rating in a report on Tuesday, December 19th. Stifel Nicolaus set a $7.00 price objective on shares of Sundance Energy Australia and gave the stock a “buy” rating in a report on Thursday, October 5th. Finally, ValuEngine downgraded shares of Sundance Energy Australia from a “sell” rating to a “strong sell” rating in a report on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $6.13.

Sundance Energy Australia (SNDE) traded down $0.44 during midday trading on Thursday, reaching $8.56. 13,000 shares of the company were exchanged, compared to its average volume of 22,355. Sundance Energy Australia has a 1-year low of $3.61 and a 1-year high of $17.34.

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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 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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