RBC Capital Markets has an “outperform speculative risk" call on Sundance Energy and a 12-month price target of $1.25.
“On the back of lower Eagle Ford IP [initial production] rates than we had previously assumed we have lowered our earnings forecasts 7-12 per cent through calendar year 2013-2015e," RBC said.
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Elise Shaw writes on Markets specialising in Equity Markets, Commodities, Mining. Based in our Sydney newsroom, Elise has over 25 years experience as a finance and markets journalist and editor. Connect with Elise on Twitter.
