Stifel Reiterates Buy Rating on Sundance Energy (SNDE)
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Rating Summary:
3 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
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Stifel analyst Derrick Whitfield reiterated a Buy rating and $68.00 price target on Sundance Energy (NASDAQ: SNDE)
The analyst comments "On November 26, Sundance completed the redomiciliation process from the Australian Securities Exchange to Nasdaq, whereby the company exchanged newly issued shares of common stock for all issued and outstanding ordinary ASX shares based on an exchange ratio of 100:1 of ASX shares to Nasdaq shares. Accordingly, we updated our model to reflect the post-redomicilation share count. We believe the redomiciliation should improve the company's liquidity, valuation, and simplify its corporate structure."
For an analyst ratings summary and ratings history on Sundance Energy click here. For more ratings news on Sundance Energy click here.
Shares of Sundance Energy closed at $11.38 yesterday.
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