SUNDANCE ENERGY/S (NASDAQ:SNDE) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research lowered shares of SUNDANCE ENERGY/S (NASDAQ:SNDE) from a buy rating to a hold rating in a research note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “Sundance Energy Australia Limited is focused on the acquisition and development of oil and gas. Its asset primarily located in premier North American resource plays. Sundance Energy Australia Limited is headquareted in DENVER CO. “

NASDAQ SNDE opened at $2.23 on Wednesday. The business’s 50-day moving average price is $2.12 and its 200 day moving average price is $2.59. SUNDANCE ENERGY/S has a twelve month low of $1.00 and a twelve month high of $23.78. The company has a market capitalization of $15.33 million, a PE ratio of -3.84 and a beta of 3.01. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.94.

SUNDANCE ENERGY/S (NASDAQ:SNDE) last released its earnings results on Monday, August 10th. The energy company reported ($1.85) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.29) by ($0.56). SUNDANCE ENERGY/S had a negative return on equity of 8.72% and a net margin of 12.93%. The business had revenue of $15.13 million for the quarter, compared to analysts’ expectations of $28.00 million. Equities analysts predict that SUNDANCE ENERGY/S will post -7.29 EPS for the current year.

A hedge fund recently bought a new stake in SUNDANCE ENERGY/S stock. Bridgeway Capital Management Inc. acquired a new position in SUNDANCE ENERGY/S (NASDAQ:SNDE) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 32,000 shares of the energy company’s stock, valued at approximately $92,000. Bridgeway Capital Management Inc. owned 0.47% of SUNDANCE ENERGY/S at the end of the most recent reporting period. 11.05% of the stock is owned by institutional investors.

About SUNDANCE ENERGY/S

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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