SEA 0.00% 16.5¢ sundance energy australia limited

Northland Securities picks up coverage in the US: $30.00 PT: Outperform

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    Released overnight in the US. Another US equity house picking up coverage of Sundance in the wake of the onshore IR team hired by the firm. At least he finally getting the word out on the ground and highlighting the extreme discount the ASX SEA trades at. Another very punchy price target !

    Jeff Grampp, CFA and analyst at Northland Securities US assumed coverage on shares of Sundance Energy Australia Ltd (NASDAQ:SNDE) in a report issued on Thursday. The brokerage set an “outperform” rating on the stock. Price target of $30.00 (AUD=0.7650=SEA target 39c) highlighting the stock "currently trades at massive discounts to peers".

    This is really going to start picking up traction offshore I think. The ADR will hopefully improve trading liquidity and its really only a matter of time until these levels in SEA are a distant memory. Here is hoping for a big close to the week !

    Also from the article overnight *** A number of other research firms have also weighed in on SNDE. Scotiabank reiterated a “focus stock” rating and set a $28.00 price objective on shares of Sundance Energy Australia in a research note on Friday, September 16th. Howard Weil started coverage on Sundance Energy Australia in a research note on Thursday, September 15th. They set a “focus stock” rating and a $28.00 price objective for the company.

    All the best, Ben
 
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