Johnson Rice started coverage on shares of Sundance Energy Australia (NASDAQ:SNDE) in a research note published on Wednesday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $8.00 price target on the energy company’s stock.
Several other equities research analysts have also recently weighed in on the stock. ValuEngine cut shares of Sundance Energy Australia from a sell rating to a strong sell rating in a research report on Thursday, February 8th. Stifel Nicolaus set a $10.00 price target on shares of Sundance Energy Australia and gave the company a buy rating in a research report on Tuesday, January 30th. Zacks Investment Research raised shares of Sundance Energy Australia from a hold rating to a buy rating and set a $9.50 price target for the company in a research report on Saturday, January 20th. Finally, Seaport Global Securities raised shares of Sundance Energy Australia from a neutral rating to a buy rating in a research report on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating and seven have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $7.25.
Shares of SNDE stock opened at $4.59 on Wednesday. Sundance Energy Australia has a 12 month low of $3.61 and a 12 month high of $10.28.
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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