SUNDANCE ENERGY/S (NASDAQ:SNDE) Lifted to Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of SUNDANCE ENERGY/S (NASDAQ:SNDE) from a hold rating to a buy rating in a research note issued to investors on Thursday morning, Zacks.com reports. Zacks Investment Research currently has $2.75 target price 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. “
NASDAQ SNDE opened at $2.23 on Thursday. The firm’s 50 day simple moving average is $2.12 and its 200 day simple moving average is $2.59. The firm has a market capitalization of $15.33 million, a price-to-earnings ratio of -3.84 and a beta of 3.01. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.94. SUNDANCE ENERGY/S has a 1 year low of $1.00 and a 1 year high of $23.78.
A hedge fund recently bought a new stake in SUNDANCE ENERGY/S stock. Morgan Stanley bought a new position in SUNDANCE ENERGY/S (NASDAQ:SNDE) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 193,790 shares of the energy company’s stock, valued at approximately $440,000. Morgan Stanley owned about 0.28% of SUNDANCE ENERGY/S at the end of the most recent quarter. 11.05% of the stock is owned by institutional investors.
About SUNDANCE ENERGY/S
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.
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