Cooper Energy is an Australian oil and gas exploration company with assets in the Cooper Basin in South Australia. It has been listed since 2002.
LAST PRICE CHANGE +/- CHANGE % VOLUME $0.26
29 Apr
20210.000
OPEN
$0.26
0.000
HIGH
$0.26
3,909,763
LOW
$0.26
TARGET $0.3638.5% upside
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TITLE 2015 2016 2017 2018 2019 2020 EPS Basic -16.0 -8.4 -1.9 1.8 -0.8 -5.3 DPS All 0.0 0.0 0.0 0.0 0.0 0.0 Sales/Revenue 39.1 M 20.3 M 34.6 M 67.5 M 76.0 M 79.1 M It's hard to justify the sp given the recent cash burn for project development and its negotiation power with banks to increase its debt facility.EPS Basic
201520162017201820192020-20-10010DPS All
20152016201720182019202000.250.50.751Sales/Revenue
201520162017201820192020020406080This is work in progress. Bear with us. It'll be amazing.
NegativeGrowthSlowingEXPERT VIEWS
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Sentiment Indicator
0.2No. Of Recommendations
5
BROKER DATE RATING RECOMMENDATION Morgans
20/04/2021
3
Hold
- TARGET PRICE
$0.30
- % TO REACH TARGET
15.38%
- COMMENTARY
Morgans hopes a good third quarter result (solid production, sales and revenue) signals future strong cash flow generation for the beginning of the fourth quarter, when seasonal gas demand strengthens. The Hold rating and target of $0.30 are maintained.
While the broker sees plenty of value on offer, short-term risks around ramping up production at Sole weigh. In addition, negotiations continue with banks to restructure a debt facility to reflect the longer ramp up.
FORECAST
Morgans forecasts a full yearFY21dividend of0.00cents and EPS ofminus -0.50cents.
Morgans forecasts a full yearFY22dividend of0.00cents and EPS of1.20cents.Macquarie
20/04/2021
3
Neutral
- TARGET PRICE
$0.32
- % TO REACH TARGET
23.08%
- COMMENTARY
March quarter production and revenue were in line with expectations. Macquarie notes there is growth in gas from the Otway and Gippsland Basins but the company may need more capital to fund its ambitions.
Moreover, without a solution to lifting Orbost gas plant utilisation the risk profile remains high and the broker envisages better risk/reward in Senex Energy ((SXY)) and Karoon Energy ((KAR)).
Neutral rating and $0.32 target retained.
FORECAST
Macquarie forecasts a full yearFY21dividend of0.00cents and EPS ofminus -1.80cents.
Macquarie forecasts a full yearFY22dividend of0.00cents and EPS of0.90cents.Morgan Stanley
20/04/2021
3
Equal-weight
- TARGET PRICE
$0.38
- % TO REACH TARGET
46.15%
- COMMENTARY
Cooper Energy released third-quarter production results. While performance at the Sole project was in line with the company's guidance, it was below earlier forecasts, points out Morgan Stanley.
Morgan Stanley notes a lingering uncertainty as to whether Cooper will realise 68 TJ/day at the Sole project over the medium term.
Equal-weight retained. Target is 38c. Industry view: Attractive.
FORECAST
Morgan Stanley forecasts a full yearFY21dividend of0.00cents and EPS ofminus -2.00cents.
Morgan Stanley forecasts a full yearFY22dividend of0.00cents and EPS ofminus -1.00cents.Ord Minnett
20/04/2021
1
Buy
- TARGET PRICE
$0.46
- % TO REACH TARGET
76.92%
- COMMENTARY
Remediation work at the Sole/Orbost project has meant significantly better plant output.
Additionally, Ord Minnett suspects the ruling on Origin Energy's ((ORG)) and Beach Energy's ((BPT)) gas contract has positive implications for Cooper Energy, given the increasing amount of uncontracted gas.
The broker believes Cooper Energy is is the cheapest exploration & production company under coverage and retains a Buy rating. Target rises to $0.46 from $0.45.
FORECAST
Ord Minnett forecasts a full yearFY21dividend of0.00cents and EPS ofminus -1.00cents.
Ord Minnett forecasts a full yearFY22dividend of0.00cents and EPS of2.00cents.
Oil& condensate sale was only account for 10% compared to gas sale and why the company hedged the OC price on the back of rising poo?
Gas sale contract was lowered every quater amid Victoria is entering winter season where solar energy could spur the price of gas.
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Last
20.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $541.2M |
Open | High | Low | Value | Volume |
21.0¢ | 21.0¢ | 20.5¢ | $64.82K | 313.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 337756 | 20.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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21.0¢ | 402349 | 8 |
View Market Depth
No. | Vol. | Price($) |
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4 | 312575 | 0.205 |
24 | 1117024 | 0.200 |
6 | 168015 | 0.195 |
6 | 253278 | 0.190 |
1 | 76452 | 0.185 |
Price($) | Vol. | No. |
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0.210 | 401462 | 7 |
0.215 | 673735 | 6 |
0.220 | 253995 | 3 |
0.225 | 993463 | 8 |
0.230 | 341660 | 9 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
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