In a report released today, Jeff Grampp from Northland Securities maintained a Buy rating on Sundance Energy Australia (SNDE), with a price target of $8. The company’s shares closed yesterday at $3.30.
According to TipRanks.com, Grampp has currently no stars on a ranking scale of 0-5 stars, with an average return of -6.2% and a 37.4% success rate. Grampp covers the Basic Materials sector, focusing on stocks such as Penn Virginia Corporation, SilverBow Resources Inc, and Goodrich Petroleum Corp.
Currently, the analyst consensus on Sundance Energy Australia is a Moderate Buy with an average price target of $8.50.
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The company has a one-year high of $6.76 and a one-year low of $2.12. Currently, Sundance Energy Australia has an average volume of 9,654.
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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.
