Zacks: Analysts Expect SUNDANCE ENERGY/S (NASDAQ:SNDE) to Announce -$0.86 Earnings Per Share

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Equities analysts expect SUNDANCE ENERGY/S (NASDAQ:SNDE) to post earnings per share of ($0.86) for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for SUNDANCE ENERGY/S’s earnings. The company is scheduled to report its next quarterly earnings results on Friday, August 21st.

On average, analysts expect that SUNDANCE ENERGY/S will report full year earnings of ($2.99) per share for the current year, with EPS estimates ranging from ($4.11) to ($1.86). For the next financial year, analysts expect that the company will post earnings of ($3.19) per share, with EPS estimates ranging from ($4.15) to ($2.22). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that follow SUNDANCE ENERGY/S.

SNDE has been the topic of a number of recent analyst reports. Zacks Investment Research raised SUNDANCE ENERGY/S from a “hold” rating to a “buy” rating and set a $2.75 target price on the stock in a research report on Saturday, May 16th. SunTrust Banks decreased their price objective on shares of SUNDANCE ENERGY/S from $7.00 to $2.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Northland Securities downgraded SUNDANCE ENERGY/S from an “outperform” rating to a “hold” rating in a report on Friday, March 13th. Finally, ValuEngine upgraded SUNDANCE ENERGY/S from a “hold” rating to a “buy” rating in a report on Wednesday, May 27th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $19.19.

SNDE traded down $0.09 during trading hours on Tuesday, hitting $2.55. The company’s stock had a trading volume of 858 shares, compared to its average volume of 102,065. The company has a 50-day simple moving average of $2.84 and a 200 day simple moving average of $8.23. The firm has a market capitalization of $17.05 million, a PE ratio of -4.40 and a beta of 3.33. SUNDANCE ENERGY/S has a fifty-two week low of $1.00 and a fifty-two week high of $23.78. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.00.

Hedge funds have recently bought and sold shares of the stock. Verus Capital Partners LLC bought a new position in SUNDANCE ENERGY/S in the 4th quarter valued at $38,000. Citigroup Inc. raised its position in shares of SUNDANCE ENERGY/S by 410.8% during the fourth quarter. Citigroup Inc. now owns 136,015 shares of the energy company’s stock worth $2,582,000 after acquiring an additional 109,389 shares during the last quarter. Morgan Stanley bought a new position in SUNDANCE ENERGY/S in the first quarter valued at about $440,000. Finally, Advisory Research Inc. bought a new position in SUNDANCE ENERGY/S in the first quarter valued at about $981,000. Hedge funds and other institutional investors own 19.35% of the company’s stock.

SUNDANCE ENERGY/S Company Profile

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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Earnings History and Estimates for SUNDANCE ENERGY/S (NASDAQ:SNDE)

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