Research

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Before making any investment decision, you should consult your adviser.

Investment Ideas - Cooper Energy (COE): Record Production Expected in FY17

 
Cooper Energy is expected to ramp up FY17 production in Australia following the acquisition of a number of Victorian gas assets previously held by Santos. The company’s balance sheet is robust, and should allow the group to take advantage of the recent stronger oil/energy price environment and increase in demand in Australia.
The IRESS consensus target price of $0.50ps indicates some 39% upside potential relative to COE’s current share price of $0.36. Cooper Energy trades on a forward PE of 18.95x which is below the S&P ASX 200 Energy Index’s forward PE of 24.19x.
 
31/01/2017 10:55:46 AM

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