SUNDANCE ENERGY/S (NASDAQ:SNDE) Expected to Post Quarterly Sales of $48.79 Million

Brokerages expect that SUNDANCE ENERGY/S (NASDAQ:SNDE) will announce $48.79 million in sales for the current quarter, Zacks reports. Five analysts have issued estimates for SUNDANCE ENERGY/S’s earnings. The lowest sales estimate is $47.00 million and the highest is $50.43 million. The company is scheduled to issue its next quarterly earnings report after the market closes on Thursday, May 16th.

On average, analysts expect that SUNDANCE ENERGY/S will report full year sales of $241.79 million for the current year, with estimates ranging from $233.00 million to $249.00 million. For the next year, analysts anticipate that the firm will report sales of $284.35 million, with estimates ranging from $250.00 million to $310.80 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover SUNDANCE ENERGY/S.

Several equities analysts recently issued reports on the company. Imperial Capital assumed coverage on SUNDANCE ENERGY/S in a research note on Thursday, May 2nd. They set an “outperform” rating and a $6.00 price objective on the stock. Zacks Investment Research upgraded SUNDANCE ENERGY/S from a “sell” rating to a “hold” rating in a research note on Friday, April 26th. Finally, Northland Securities restated a “buy” rating and set a $8.00 price objective on shares of SUNDANCE ENERGY/S in a research note on Thursday, March 21st. One analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $8.25.

Shares of SNDE opened at $1.89 on Wednesday. The stock’s fifty day moving average price is $2.34. SUNDANCE ENERGY/S has a 12-month low of $1.55 and a 12-month high of $6.75.

An institutional investor recently bought a new position in SUNDANCE ENERGY/S stock. Citigroup Inc. bought a new stake in SUNDANCE ENERGY/S (NASDAQ:SNDE) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 23,166 shares of the energy company’s stock, valued at approximately $58,000. Citigroup Inc. owned about 0.19% of SUNDANCE ENERGY/S as of its most recent filing with the Securities & Exchange Commission. 0.01% of the stock is owned by institutional investors.


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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