Wall Street analysts forecast that SUNDANCE ENERGY/S (NASDAQ:SNDE) will post earnings of ($0.98) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for SUNDANCE ENERGY/S’s earnings, with the lowest EPS estimate coming in at ($1.13) and the highest estimate coming in at ($0.83). The firm is expected to announce its next quarterly earnings results on Monday, November 9th.
On average, analysts expect that SUNDANCE ENERGY/S will report full-year earnings of ($7.29) per share for the current fiscal year, with EPS estimates ranging from ($9.12) to ($5.46). For the next financial year, analysts forecast that the firm will post earnings of ($5.37) per share, with EPS estimates ranging from ($5.71) to ($5.03). Zacks’ EPS averages are an average based on a survey of analysts that that provide coverage for SUNDANCE ENERGY/S.
SUNDANCE ENERGY/S (NASDAQ:SNDE) last issued its quarterly earnings data on Thursday, June 25th. The energy company reported ($2.26) EPS for the quarter, missing the consensus estimate of ($0.86) by ($1.40). SUNDANCE ENERGY/S had a negative return on equity of 8.72% and a net margin of 12.93%. The company had revenue of $32.34 million during the quarter, compared to analyst estimates of $41.70 million.
Several equities analysts have recently commented on SNDE shares. Zacks Investment Research upgraded shares of SUNDANCE ENERGY/S from a “sell” rating to a “hold” rating in a report on Saturday, August 29th. SunTrust Banks cut their target price on shares of SUNDANCE ENERGY/S from $7.00 to $2.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. Finally, ValuEngine raised shares of SUNDANCE ENERGY/S from a “hold” rating to a “buy” rating in a research note on Wednesday, May 27th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $19.25.
A number of institutional investors and hedge funds have recently made changes to their positions in SNDE. Advisory Research Inc. purchased a new stake in SUNDANCE ENERGY/S during the 1st quarter worth approximately $981,000. Morgan Stanley purchased a new stake in SUNDANCE ENERGY/S during the 1st quarter worth approximately $440,000. Finally, Bridgeway Capital Management Inc. purchased a new stake in SUNDANCE ENERGY/S during the 2nd quarter worth approximately $92,000. 11.05% of the stock is currently owned by hedge funds and other institutional investors.
Shares of SNDE stock traded up $0.05 during trading hours on Tuesday, hitting $1.98. The company had a trading volume of 225,625 shares, compared to its average volume of 256,868. The company’s fifty day moving average is $2.49 and its 200 day moving average is $3.38. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.94 and a quick ratio of 0.94. SUNDANCE ENERGY/S has a fifty-two week low of $1.00 and a fifty-two week high of $23.78. The stock has a market capitalization of $13.61 million, a PE ratio of -3.41 and a beta of 3.01.
SUNDANCE ENERGY/S Company Profile
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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