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

Zacks Investment Research upgraded shares of Sundance Energy Australia (NASDAQ:SNDE) from a hold rating to a buy rating in a report released on Wednesday. The firm currently has $6.25 price objective on the energy company’s stock.

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 brokerages have also weighed in on SNDE. Iberia Capital reaffirmed an outperform rating and issued a $7.00 target price on shares of Sundance Energy Australia in a research note on Tuesday, August 29th. Stifel Nicolaus set a $7.00 target price on shares of Sundance Energy Australia and gave the stock a buy rating in a research note on Thursday, October 5th. Seaport Global Securities raised shares of Sundance Energy Australia from a neutral rating to a buy rating in a research note on Tuesday, December 19th. Finally, ValuEngine lowered shares of Sundance Energy Australia from a sell rating to a strong sell rating in a research note on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $6.13.

Shares of Sundance Energy Australia (NASDAQ:SNDE) opened at $5.98 on Wednesday. Sundance Energy Australia has a 1 year low of $3.61 and a 1 year high of $17.99.

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About Sundance Energy Australia

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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