Sundance Energy Australia (SNDE) Downgraded to Strong Sell at ValuEngine

Sundance Energy Australia (NASDAQ:SNDE) was downgraded by ValuEngine from a “sell” rating to a “strong sell” rating in a report issued on Thursday.

A number of other research firms have also recently issued reports on SNDE. Zacks Investment Research cut shares of Sundance Energy Australia from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. Stifel Nicolaus set a $10.00 price objective on shares of Sundance Energy Australia and gave the company a “buy” rating in a research report on Tuesday, January 30th. Finally, Seaport Global Securities upgraded shares of Sundance Energy Australia from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $7.69.

Sundance Energy Australia (SNDE) traded down $0.21 during mid-day trading on Thursday, hitting $6.13. 22,468 shares of the company’s stock were exchanged, compared to its average volume of 11,865. Sundance Energy Australia has a 12-month low of $3.61 and a 12-month high of $12.50.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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