SUNDANCE ENERGY/S (NASDAQ:SNDE) Reaches New 1-Year Low at $1.11

SUNDANCE ENERGY/S (NASDAQ:SNDE)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $1.11 and last traded at $1.11, with a volume of 300 shares traded. The stock had previously closed at $1.14.

Several brokerages have issued reports on SNDE. Zacks Investment Research upgraded SUNDANCE ENERGY/S from a “sell” rating to a “hold” rating in a report on Friday, April 26th. ValuEngine upgraded SUNDANCE ENERGY/S from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Imperial Capital began coverage on SUNDANCE ENERGY/S in a report on Thursday, May 2nd. They issued an “outperform” rating and a $6.00 price target for the company. Seaport Global Securities restated a “buy” rating on shares of SUNDANCE ENERGY/S in a report on Friday, June 21st. Finally, SunTrust Banks downgraded SUNDANCE ENERGY/S to a “hold” rating in a report on Monday, July 8th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. SUNDANCE ENERGY/S presently has an average rating of “Buy” and an average target price of $8.25.

The firm has a fifty day simple moving average of $1.54 and a 200-day simple moving average of $2.44.

SUNDANCE ENERGY/S Company Profile (NASDAQ:SNDE)

Sundance Energy Australia Limited operates as an onshore oil and gas company in the United States. The company explores for, develops, and produces oil and natural gas. Its exploration and development activities are focused on the Eagle Ford project in the South-Texas-Gulf Coast Basin. Sundance Energy Australia Limited was incorporated in 2004 and is based in Wayville, Australia.

Further Reading: Operating Income

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