Given Cooper Energy's strong recent performance, Morgans had expected yesterday's guidance upgrade. As a result, the lift in FY22 production and earnings (EBITDAX) guidance, and reduced planned FY22 capex spend were in-line with the analysts's forecasts.The broker retains the Add rating and $0.35 target and notes the outcome of talks between the company and Orbost-operator APA Group ((APA)) is keenly awaited.In terms of outcomes, Morgans would prefer a change of ownership transaction on Orbost compared to a new long-term commercial operating agreement between APA Group and Cooper Energy.
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Last
20.5¢ |
Change
0.010(5.13%) |
Mkt cap ! $541.2M |
Open | High | Low | Value | Volume |
19.5¢ | 20.5¢ | 19.5¢ | $633.1K | 3.153M |
Buyers (Bids)
No. | Vol. | Price($) |
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4 | 582863 | 20.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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20.5¢ | 369842 | 10 |
View Market Depth
No. | Vol. | Price($) |
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1 | 17800 | 0.205 |
5 | 652115 | 0.200 |
10 | 726322 | 0.195 |
7 | 345101 | 0.190 |
7 | 524282 | 0.185 |
Price($) | Vol. | No. |
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0.180 | 20000 | 1 |
0.200 | 15599 | 1 |
0.205 | 354127 | 9 |
0.210 | 416698 | 11 |
0.215 | 698670 | 13 |
Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
COE (ASX) Chart |