SUNDANCE ENERGY/S (SNDE) Expected to Announce Quarterly Sales of $31.40 Million

Equities research analysts expect that SUNDANCE ENERGY/S (NASDAQ:SNDE) will announce sales of $31.40 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for SUNDANCE ENERGY/S’s earnings, with the lowest sales estimate coming in at $30.00 million and the highest estimate coming in at $33.80 million. The company is expected to announce its next quarterly earnings report after the market closes on Wednesday, August 15th.

According to Zacks, analysts expect that SUNDANCE ENERGY/S will report full year sales of $149.43 million for the current financial year, with estimates ranging from $140.00 million to $156.50 million. For the next year, analysts anticipate that the business will post sales of $336.37 million per share, with estimates ranging from $294.00 million to $357.80 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that cover SUNDANCE ENERGY/S.

SNDE has been the subject of a number of analyst reports. Seaport Global Securities reaffirmed a “buy” rating on shares of SUNDANCE ENERGY/S in a research note on Monday, August 13th. Zacks Investment Research raised SUNDANCE ENERGY/S from a “sell” rating to a “buy” rating and set a $5.50 price objective for the company in a research note on Thursday, May 31st. Finally, ValuEngine raised SUNDANCE ENERGY/S from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. SUNDANCE ENERGY/S has an average rating of “Buy” and an average target price of $7.38.

Shares of SUNDANCE ENERGY/S stock traded down $0.30 during trading on Wednesday, reaching $5.30. 370 shares of the company were exchanged, compared to its average volume of 5,552. SUNDANCE ENERGY/S has a twelve month low of $3.83 and a twelve month high of $9.59.

About SUNDANCE ENERGY/S

Sundance Energy Australia Limited engages in the exploration, development, and production of oil and natural gas in the United States. The company's 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.

Featured Article: Return on Investment (ROI) Defined, Explained

Get a free copy of the Zacks research report on SUNDANCE ENERGY/S (SNDE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for SUNDANCE ENERGY/S Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SUNDANCE ENERGY/S and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply