Sundance Energy Australia Ltd. (SNDE) Expected to Post Quarterly Sales of $18.93 Million
Wall Street analysts forecast that Sundance Energy Australia Ltd. (NASDAQ:SNDE) will announce sales of $18.93 million for the current quarter, Zacks reports. Three analysts have provided estimates for Sundance Energy Australia’s earnings. The highest sales estimate is $19.90 million and the lowest is $17.80 million. The firm is expected to announce its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Sundance Energy Australia will report full year sales of $18.93 million for the current financial year, with estimates ranging from $96.60 million to $104.90 million. For the next financial year, analysts expect that the business will post sales of $123.27 million per share, with estimates ranging from $87.70 million to $156.80 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Sundance Energy Australia.
SNDE has been the subject of several research reports. Stifel Nicolaus initiated coverage on shares of Sundance Energy Australia in a research report on Wednesday, April 12th. They issued a “hold” rating and a $12.00 price objective for the company. Zacks Investment Research cut shares of Sundance Energy Australia from a “hold” rating to a “sell” rating in a research report on Wednesday, June 14th. Finally, Seaport Global Securities cut shares of Sundance Energy Australia from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $20.00 to $4.25 in a research report on Wednesday, June 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and two have given a strong buy rating to the stock. Sundance Energy Australia currently has a consensus rating of “Buy” and a consensus target price of $17.85.
Shares of Sundance Energy Australia (NASDAQ SNDE) traded down 5.10% during mid-day trading on Friday, reaching $4.65. 8,568 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $5.75 and a 200 day moving average price of $10.19. Sundance Energy Australia has a 12-month low of $4.59 and a 12-month high of $17.99. The firm’s market capitalization is $58.02 million.
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