Spec buy, page-2

The positive ratings today appear to be catching on...

Macquarie rates SXY as Outperform
Senex has conducted an asset swap with BG's QCLNG resulting in increased acreage in the Western Surat. The transaction moves SXY significantly closer to its FY18 reserve target of 100-150mboe, the broker notes.
SXY will be taking control of activity after a period of stagnation, the broker suggests, and a number of commercialisation options are available. Outperform and 80c target retained.
Target price is $0.80 Current Price is $0.59 Difference: $0.21
If SXY meets the Macquarie target it will return approximately 36% (excluding dividends, fees and charges).
The company's fiscal year ends in June. Macquarie forecasts a full year FY15 dividend of 0.00 cents and EPS of 6.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 9.83.

Market Sentiment: 0.8