Sundance Energy Australia Ltd. (SNDE) Cut to Buy at Canaccord Genuity
Sundance Energy Australia Ltd. (NASDAQ:SNDE) was downgraded by equities researchers at Canaccord Genuity to a “buy” rating in a research report issued to clients and investors on Tuesday, The Fly reports.
A number of other research firms have also issued reports on SNDE. Stifel Nicolaus initiated coverage on Sundance Energy Australia in a report on Wednesday, April 12th. They issued a “hold” rating and a $12.00 target price for the company. Zacks Investment Research lowered Sundance Energy Australia from a “hold” rating to a “sell” rating in a report on Wednesday, June 14th. Finally, Seaport Global Securities lowered Sundance Energy Australia from a “buy” rating to a “neutral” rating and decreased their target price for the company from $20.00 to $4.25 in a report on Wednesday, June 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and two have given a strong buy rating to the company. Sundance Energy Australia presently has a consensus rating of “Buy” and an average price target of $17.85.
Sundance Energy Australia (NASDAQ SNDE) traded down 4.36% on Tuesday, hitting $5.27. The stock had a trading volume of 6,200 shares. The company’s market cap is $65.76 million. The firm’s 50-day moving average is $5.13 and its 200-day moving average is $8.46. Sundance Energy Australia has a 52-week low of $4.51 and a 52-week high of $17.99.
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