Brokerages Anticipate Sundance Energy Australia Ltd (SNDE) Will Announce Quarterly Sales of $29.13 Million

Wall Street analysts expect Sundance Energy Australia Ltd (NASDAQ:SNDE) to announce $29.13 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Sundance Energy Australia’s earnings, with the highest sales estimate coming in at $32.00 million and the lowest estimate coming in at $23.90 million. The company is scheduled to issue its next earnings results on Friday, March 30th.

On average, analysts expect that Sundance Energy Australia will report full-year sales of $29.13 million for the current financial year, with estimates ranging from $126.10 million to $130.60 million. For the next fiscal year, analysts anticipate that the company will post sales of $139.40 million per share. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Sundance Energy Australia.

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SNDE has been the subject of several research reports. ValuEngine downgraded Sundance Energy Australia from a “sell” rating to a “strong sell” rating in a report on Sunday, December 31st. Zacks Investment Research raised Sundance Energy Australia from a “hold” rating to a “buy” rating and set a $6.25 price objective for the company in a research note on Wednesday, December 27th. Stifel Nicolaus set a $10.00 price objective on Sundance Energy Australia and gave the company a “buy” rating in a research note on Tuesday, January 30th. Johnson Rice initiated coverage on Sundance Energy Australia in a research note on Wednesday, March 21st. They set a “buy” rating and a $8.00 price objective for the company. Finally, Northland Securities reaffirmed a “buy” rating and set a $9.00 price objective on shares of Sundance Energy Australia in a research note on Wednesday, March 21st. 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 stock currently has a consensus rating of “Buy” and an average price target of $7.25.

Sundance Energy Australia (NASDAQ SNDE) traded down $0.04 during trading on Friday, hitting $4.55. The stock had a trading volume of 144 shares, compared to its average volume of 15,741. Sundance Energy Australia has a fifty-two week low of $3.61 and a fifty-two week high of $10.28.

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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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