Sundance Energy Australia Ltd. (SNDE) Rating Lowered to Buy at Canaccord Genuity
Canaccord Genuity lowered shares of Sundance Energy Australia Ltd. (NASDAQ:SNDE) to a buy rating in a research report sent to investors on Tuesday, August 1st, The Fly reports.
Several other equities research analysts also recently weighed in on SNDE. Stifel Nicolaus began coverage on shares of Sundance Energy Australia in a research note on Wednesday, April 12th. They issued a hold rating and a $12.00 target price on the stock. Zacks Investment Research upgraded shares of Sundance Energy Australia from a strong sell rating to a hold rating in a report on Thursday, June 1st. Finally, Seaport Global Securities cut shares of Sundance Energy Australia from a buy rating to a neutral rating and cut their price target for the stock from $20.00 to $4.25 in a report on Wednesday, June 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $17.85.
Shares of Sundance Energy Australia (SNDE) traded down 2.0913% during midday trading on Tuesday, hitting $4.2884. 231 shares of the stock were exchanged. The firm has a 50 day moving average of $4.89 and a 200-day moving average of $7.85. Sundance Energy Australia has a 12 month low of $4.29 and a 12 month high of $17.99. The stock’s market cap is $53.51 million.
TRADEMARK VIOLATION NOTICE: This news story was originally published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this news story on another domain, it was stolen and republished in violation of US & international trademark and copyright laws. The correct version of this news story can be accessed at https://theolympiareport.com/2017/08/12/canaccord-genuity-lowers-sundance-energy-australia-ltd-snde-to-buy-updated.html.
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 companys 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.
Receive News & Ratings for Sundance Energy Australia Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sundance Energy Australia Ltd. and related companies with Analyst Ratings Network's FREE daily email newsletter.