Zacks Investment Research Lowers SUNDANCE ENERGY/S (SNDE) to Sell
SUNDANCE ENERGY/S (NASDAQ:SNDE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.
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. “
Separately, Ifs Securities restated a “strong-buy” rating on shares of SUNDANCE ENERGY/S in a research note on Sunday, February 3rd. One analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. SUNDANCE ENERGY/S presently has an average rating of “Buy” and an average target price of $8.30.
An institutional investor recently bought a new position in SUNDANCE ENERGY/S stock. Citigroup Inc. purchased a new stake in SUNDANCE ENERGY/S (NASDAQ:SNDE) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 23,166 shares of the energy company’s stock, valued at approximately $58,000. Citigroup Inc. owned about 0.19% of SUNDANCE ENERGY/S as of its most recent SEC filing. Hedge funds and other institutional investors own 0.30% of the company’s stock.
SUNDANCE ENERGY/S 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 on the Eagle Ford project in the South-Texas-Gulf Coast Basin. Sundance Energy Australia Limited was incorporated in 2004 and is based in Wayville, Australia.
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