Zacks Investment Research cut shares of Sundance Energy Australia (NASDAQ:SNDE) from a buy rating to a hold rating in a research report report published on Saturday.
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. “
SNDE has been the subject of a number of other reports. Seaport Global Securities raised Sundance Energy Australia from a neutral rating to a buy rating in a report on Tuesday, December 19th. Northland Securities reissued a buy rating and issued a $9.00 target price on shares of Sundance Energy Australia in a report on Wednesday. Johnson Rice began coverage on Sundance Energy Australia in a report on Wednesday. They issued a buy rating and a $8.00 target price for the company. Stifel Nicolaus set a $10.00 target price on Sundance Energy Australia and gave the stock a buy rating in a report on Tuesday, January 30th. Finally, ValuEngine cut Sundance Energy Australia from a sell rating to a strong sell rating in a report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $7.25.
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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