Zacks: Brokerages Anticipate Sundance Energy Australia Ltd (SNDE) Will Announce Quarterly Sales of $23.4 Million
Equities analysts expect Sundance Energy Australia Ltd (NASDAQ:SNDE) to post $23.4 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Sundance Energy Australia’s earnings, with the highest sales estimate coming in at $24.8 million and the lowest estimate coming in at $22.2 million. The business is scheduled to report its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that Sundance Energy Australia will report full year sales of $23.4 million for the current financial year, with estimates ranging from $111.6 million to $115.7 million. For the next financial year, analysts expect that the company will post sales of $136.57 million per share, with estimates ranging from $128.5 million to $145.2 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Sundance Energy Australia.
SNDE has been the topic of a number of recent research reports. Stifel Nicolaus initiated coverage on Sundance Energy Australia in a research note on Wednesday, April 12th. They set a “hold” rating and a $12.00 price objective on the stock. Zacks Investment Research cut Sundance Energy Australia from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 9th. Two analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $22.00.
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Shares of Sundance Energy Australia (NASDAQ:SNDE) remained flat at $6.80 during midday trading on Thursday. The stock had a trading volume of 5,550 shares. Sundance Energy Australia has a 1-year low of $6.36 and a 1-year high of $17.99. The company’s 50 day moving average is $7.88 and its 200 day moving average is $11.79. The company’s market capitalization is $84.85 million.
A hedge fund recently bought a new stake in Sundance Energy Australia stock. Nokomis Capital L.L.C. acquired a new position in Sundance Energy Australia Ltd (NASDAQ:SNDE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 20,550,579 shares of the energy company’s stock, valued at approximately $3,258,000. Nokomis Capital L.L.C. owned about 328.49% of Sundance Energy Australia as of its most recent filing with the SEC. Institutional investors and hedge funds own 3.85% of the company’s stock.
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