SUNDANCE ENERGY/S (NASDAQ:SNDE) Upgraded to “Hold” at ValuEngine

ValuEngine upgraded shares of SUNDANCE ENERGY/S (NASDAQ:SNDE) from a sell rating to a hold rating in a research note issued to investors on Thursday, ValuEngine reports.

A number of other research analysts also recently commented on SNDE. Zacks Investment Research upgraded SUNDANCE ENERGY/S from a sell rating to a hold rating in a report on Friday, April 26th. SunTrust Banks cut SUNDANCE ENERGY/S to a hold rating in a research report on Monday, July 8th. Seaport Global Securities reissued a buy rating on shares of SUNDANCE ENERGY/S in a report on Friday, June 21st. Finally, Imperial Capital began coverage on SUNDANCE ENERGY/S in a report on Thursday, May 2nd. They issued an outperform rating and a $6.00 price target for the company. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $8.25.

SNDE traded down $0.09 during mid-day trading on Thursday, hitting $1.30. 48,534 shares of the stock were exchanged, compared to its average volume of 18,922. The firm’s fifty day moving average price is $1.70. SUNDANCE ENERGY/S has a 1-year low of $1.27 and a 1-year high of $6.75.

An institutional investor recently bought a new position in SUNDANCE ENERGY/S stock. Citigroup Inc. acquired a new position in shares of SUNDANCE ENERGY/S (NASDAQ:SNDE) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 23,166 shares of the energy company’s stock, valued at approximately $58,000. Citigroup Inc. owned about 0.19% of SUNDANCE ENERGY/S at the end of the most recent reporting period. Institutional investors and hedge funds own 0.01% 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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Analyst Recommendations for SUNDANCE ENERGY/S (NASDAQ:SNDE)

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