Shares of SUNDANCE ENERGY/S (NASDAQ:SNDE) have been assigned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $35.00.

Several research firms have weighed in on SNDE. SunTrust Banks cut their target price on SUNDANCE ENERGY/S from $7.00 to $2.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. ValuEngine raised SUNDANCE ENERGY/S from a “hold” rating to a “buy” rating in a research note on Wednesday, May 27th. Northland Securities lowered SUNDANCE ENERGY/S from an “outperform” rating to a “hold” rating in a research note on Friday, March 13th. Finally, Zacks Investment Research lowered SUNDANCE ENERGY/S from a “hold” rating to a “sell” rating in a research note on Tuesday.

NASDAQ:SNDE traded up $0.25 during mid-day trading on Friday, hitting $2.70. The company had a trading volume of 267,700 shares, compared to its average volume of 96,030. SUNDANCE ENERGY/S has a fifty-two week low of $1.00 and a fifty-two week high of $23.78. The business’s fifty day moving average is $2.94 and its two-hundred day moving average is $6.97. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.86.

Institutional investors have recently made changes to their positions in the business. Verus Capital Partners LLC bought a new stake in shares of SUNDANCE ENERGY/S in the fourth quarter worth about $38,000. Morgan Stanley bought a new stake in shares of SUNDANCE ENERGY/S in the first quarter worth about $440,000. Advisory Research Inc. bought a new stake in shares of SUNDANCE ENERGY/S in the first quarter worth about $981,000. Finally, Citigroup Inc. increased its holdings in shares of SUNDANCE ENERGY/S by 410.8% in the fourth quarter. Citigroup Inc. now owns 136,015 shares of the energy company’s stock worth $2,582,000 after acquiring an additional 109,389 shares in the last quarter. Institutional investors own 19.35% of the company’s stock.

SUNDANCE ENERGY/S Company Profile

Sundance Energy Australia Limited operates as an onshore oil and gas company in the United States. The company explores for, develops, and produces oil and natural gas. Its 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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