In a report released today, Derrick Whitfield from Stifel Nicolaus maintained a Buy rating on Sundance Energy Australia (NASDAQ: SNDE), with a price target of $10. The company’s shares closed yesterday at $5.72.
According to TipRanks.com, Whitfield is a 3-star analyst with an average return of 2.1% and a 57.6% success rate. Whitfield covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Northern Oil And Gas, and Devon Energy Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sundance Energy Australia with a $11 average price target.
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The company has a one-year high of $9.59 and a one-year low of $3.83. Currently, Sundance Energy Australia has an average volume of 9,221.
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Sundance Energy Australia Ltd. is an onshore oil and gas company. It is engaged in the acquisition and development of oil and natural gas reserves. The firm’s activities are focused in the Greater Andarko and South Texas Gulf Coast. The company was founded on December 14, 2004 and is headquartered in Wayville, Australia.
