Cooper Energy Limited (COE)

Welcome to InvestSMART

You are currently viewing our site as a guest, which gives you limited access to our site features. By signing up for a free membership, you will receive our Investment Opportunity newsletters and have access to additional features for finding and comparing managed funds and shares. Registration is fast and simple, so please:

Sign Up Today Ľ it's FREE! Already a member? Login now!

General Information
Company Name: Cooper Energy Limited
Stock Code: COE
GICS Sub-Industry: Oil & Gas Exploration & Production
Market Cap ($M): 75
Equiv. Shares (M): 332

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 0.235 $ 0.225 $ 0.235 $ 0.225 $ 0.225 147,087 $ 0.010  4.444 %

Current Broker Consensus Recommendation more
Recommendation: Strong Buy (1.3333)
Recommendation Date: 26th Feb 2015
Brokers Surveyed: 3

Company Overview

Business Description:
Cooper Energy Limited (COE) is an exploration and production company focusing on oil and gas. COE has a portfolio comprising of prospective acreage in the Cooper, Otway and Gippsland basins Australia, South Sumatra, Indonesia and the Gulf of Hammamet, Tunisia.

Strategy Analysis:
As a conventional oil and gas explorer/producer, COE maintains activity in all focus areas. Exploration is taking place in Australia (Cooper and Otway basins), Indonesia, Tunisia and Romania whilst production is generated in Australia and Indonesia only. COE has budgeted for 2011 exploration expenditure with a domestic focus. Further production is contingent on the funding, and success of, exploration Cooper Energy reported NPAT of $4.56m for the half-year ended 31 December 2012. Revenues from ordinary activities were $23.37m, down 9.4% from last year. Basic and Diluted EPS were 1.4 cents compared to (1.9) cents last year. Net operating cash flow was $2.13m compared to $13.03m last year. No dividend was declared.

Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2016  F -- 1.8 4.1 12.6 0.6 2.5 --
2015  F -- 1.7 -73.6 13.2 -- 0.0 --
2014  A 22.2 6.5 NaN 7.3 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2014 A 2015 F 2016 F 2014 A 2015 F 2016 F 2014 A 2015 F 2016 F
Beach Energy (BPT) $1,395 M 0.8455 -0.6124 -0.3654 5.4183 13.9792 22.0287 1.86 2.79 2.82
Cooper Energy (COE) $75 M 11.6862 -0.7357 0.0409 3.4776 13.1579 12.6404 0.00 0.00 2.49
Oil Search (OSH) $12,456 M 0.6947 0.4810 0.2027 28.2264 19.0587 15.8466 2.39 1.93 2.88
Santos (STO) $7,810 M 0.0505 -0.3960 0.5670 14.5898 24.1568 15.4159 4.40 4.24 5.51
Woodside Petroleum (WPL) $28,754 M 0.5477 -0.4014 0.1130 9.7562 16.2985 14.6442 8.91 4.90 5.46

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
COE 0.60 6.79 0.44 10.00 1.05
Market 0.92 16.5 1.31 2.31 1.63
Sector 1.01 9.79 0.62 5.84 2.86

Name Position Start Date
Mr Hector Mackenzie Gordon Executive Director 26 June 2012
Mr David Maxwell Managing Director 12 October 2011
Mr John Craig Conde Non-Executive Chairman 25 February 2013
Mr Jeffrey Warrington Schneider Non-Executive Director 12 October 2011
Ms Alice Joan Morrice Williams Non-Executive Director 28 August 2013

Name Position
Jason de Ross Chief Financial Officer,Company Secretary
Eddy Glavas Commercial & Business Development Manager
Alison Evans Company Secretary,Legal Counsel
Andrew Thomas Exploration Manager
Iain MacDougall Operations Manager

Substantial Shareholders
Holding Name
17,610,891 (5.35%) National Australia Bank Limited
8,987,550 (6.56%) Acorn Capital Limited
60,590,884 (18.41%) Beach Energy Limited
20,924,029 (7.15%) Kinetic Investment Partners Limited

Calendar of Events
Date Event
15 February 2016 Report (Interim)
19 January 2016 Report (Quarterly)
23 October 2015 Report (Quarterly)
02 October 2015 Report (Annual)
17 August 2015 Report (Prelim)
21 July 2015 Report (Quarterly)
28 April 2015 Report (Quarterly)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at


Trade Shares Online from $19.95^
Free Guides

The SMH Guide to Investing and Trading in US Shares

An educational booklet that shows how to use international share trading to diversify your investments.

More details...


Markets melt up

By Michael McCarthy (chief market strategist, CMC Markets) 19/12/2014 | Traders and investors caught short heading into the FOMC scrambled for cover in Europe and the US, in many cases driving indices to their best one day performance for 2015.

Aussie Investors take their foot off the accelerator

By Betty Lam (Sales Trader, CMC Markets) 18/12/2014 | Lead by the Fed-fervour offshore, Australians shares jumped on the Yellen cheer wagon. The material and energy stocks were back in vogue as both sectors gained over 3% in morning trade.

Fed Feeds Frenzy

By Michael McCarthy (chief market strategist, CMC Markets) 18/12/2014 | In spite of a frenzied pre-mortem, a benign statement from the US Federal Reserve‚Äôs Open Market Committee and steadying commodity markets drove investors back into share markets overnight. A calmer, stronger ruble helped offset European growth fears, highlighted in the overnight session by further declines in inflation.

Household brands Woolworths and Telstra Heavy Lifting

By Betty Lam (Sales Trader, CMC Markets) 11/12/2014 | Offshore jitters sent ripples through to Australian stocks. The open saw the local equities take 65 points off the index, catalysed by a mass-exit in energy stocks, yet again.

Steady open as Woodside investors wait on details of possible Wheatstone acquisition

By Ric Spooner (Chief Market Analyst, CMC Markets) 10/12/2014 | Yesterday‚Äôs news on Greek politics and China‚Äôs bond market came at a time when US and European stock markets have extended rallies and pushed valuations higher. This makes those markets vulnerable to downward corrections as profit takers act to avoid missing out.

MYEFO and Lima - December could be nasty.

BR Securities Australia Pty Ltd 2/12/2014 | December 2014 could go down as a nasty moment in Australian finance. MYEFO will reveal a deteriorating budget deficit and the UNFCCC meeting in Lima, Peru will provide the agreement, to be ratified in Paris in 2015, on how much (or little) CO2 is to be allowed into the atmosphere from 2020.


Sponsored Links