Sundance Energy Australia (SNDE) Upgraded to Buy by Zacks Investment Research

Sundance Energy Australia (NASDAQ:SNDE) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Saturday. The brokerage presently has a $9.50 target price on the energy company’s stock. Zacks Investment Research‘s price target indicates a potential upside of 17.14% from the stock’s previous close.

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. “

A number of other research analysts also recently commented on SNDE. ValuEngine downgraded Sundance Energy Australia from a “sell” rating to a “strong sell” rating in a research note on Tuesday, September 26th. Stifel Nicolaus set a $7.00 target price on Sundance Energy Australia and gave the company a “buy” rating in a research note on Thursday, October 5th. Finally, Seaport Global Securities upgraded Sundance Energy Australia from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 19th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $6.94.

Sundance Energy Australia (NASDAQ:SNDE) traded down $0.34 during trading hours on Friday, reaching $8.11. The company had a trading volume of 10,832 shares, compared to its average volume of 16,079. Sundance Energy Australia has a 52-week low of $3.61 and a 52-week high of $17.34.

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Sundance Energy Australia 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 in the Eagle Ford project in the South-Texas-Gulf Coast Basin; and the Mississippian/Woodford Formations in Oklahoma.

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