Wall Street brokerages expect that Sundance Energy Australia Ltd. (NASDAQ:SNDE) will post earnings per share of $0.14 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Sundance Energy Australia’s earnings. The highest EPS estimate is $0.29 and the lowest is $0.00. The business is expected to issue its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that Sundance Energy Australia will report full-year earnings of $0.95 per share for the current year, with EPS estimates ranging from ($0.01) to $1.91. For the next year, analysts forecast that the company will report earnings of $1.43 per share, with EPS estimates ranging from $0.00 to $2.87. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Sundance Energy Australia.
Several brokerages have recently issued reports on SNDE. Zacks Investment Research upgraded Sundance Energy Australia from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 1st. Stifel Nicolaus began coverage on Sundance Energy Australia in a research note on Wednesday, April 12th. They issued a “hold” rating and a $12.00 price target on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $22.00.
A hedge fund recently bought a new stake in Sundance Energy Australia stock. Nokomis Capital L.L.C. acquired a new stake in shares of Sundance Energy Australia Ltd. (NASDAQ:SNDE) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 20,550,579 shares of the energy company’s stock, valued at approximately $3,258,000. Nokomis Capital L.L.C. owned 328.49% of Sundance Energy Australia at the end of the most recent reporting period. Institutional investors and hedge funds own 3.91% of the company’s stock.
Sundance Energy Australia (SNDE) traded down 11.38% during trading on Tuesday, reaching $5.52. The company’s stock had a trading volume of 19,525 shares. Sundance Energy Australia has a 1-year low of $4.67 and a 1-year high of $17.99. The stock’s market cap is $68.88 million. The company’s 50 day moving average price is $6.28 and its 200-day moving average price is $10.80.
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