SEA – Morgans rates as Add

Sundance reported solid production and cash flow in the June Q, beating guidance. Exploration & production is continuing to ramp up across existing and newly acquired sites, the broker notes.

Drilling results have been encouraging and the broker retains Add and a 21c target.

Sector: Energy.

Target price is $0.21.Current Price is $0.07. Difference: $0.14 – (brackets indicate current price is over target). If SEA meets the Morgans target it will return approximately 67% (excluding dividends, fees and charges – negative figures indicate an expected loss).

Broker News

About Broker News

FNArena's Australian Broker Call, is your daily news report on the latest recommendation, valuation, forecast and opinions recently published by Stockbrokers.

View more articles by Broker News →