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Monday, September 21, 2020

Sundance Energy Inc. (NASDAQ:SNDE) is Holding Steady

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The Sundance Energy Inc. (SNDE) shares are trading at higher $3.28 and the avg recommendation for the stock is Moderate Buy.

To add more color to this target, the company’s high over the last year is $23.78 and the low is $1.00. Over the last 52 weeks, SNDE is down -86.21% while the S&P 500 is up 0.57%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, SNDE reported a profit of $-11.5 million. Sundance Energy Inc. also saw revenues decrease to $32.34 million. In addition, SNDE has free cash flow of -$9.95 million as of 03-2020. The company’s EBITDA came in at $13.74 million which compares well with its peers.

SNDE booked profit margins of -19.40%, its Return on Equity (ROE) is -10.80%, and its Return on Assets is -4.80%. All told, it is clear that, SNDE needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. SNDE has a short ratio of 0.47 and outstanding shares of 6.87M.

Company Outlook

SNDE has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.36 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -5.76. Sundance Energy Inc. SNDE also noted assets of $864.76 million at the end of the last quarter. Investors should also keep an eye on sector updates as SNDE has historically followed its peers on positive news.

All told, Sundance Energy Inc. SNDE has strung together solid data and demonstrated underlying fundamentals. At its current valuation, SNDE represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Sundance Energy Inc. SNDE is now commanding a market cap of 43.79M and a float of 6.84M. SNDE is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of SNDE stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in SNDE, either long or short, and we have not been compensated for this article.

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