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 » 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): 135
Equiv. Shares (M): 329

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.410 $ 0.390 $ 0.410 $ 0.385 $ 0.410 195,933 0%

Current Broker Consensus Recommendation more
Recommendation: Buy (2)
Recommendation Date: 12th Nov 2014
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 -- 3.6 -4.5 11.4 4.5 11.0 --
2015  F -- 3.8 -41.6 10.8 -- 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) $1,447 M 0.8455 -0.3936 0.0515 5.6200 9.2685 8.8142 1.79 3.59 4.24
Cooper Energy (COE) $133 M 11.6862 -0.4158 -0.0450 6.2597 10.7143 11.2188 0.00 0.00 11.09
Oil Search (OSH) $13,247 M 0.5489 1.2497 0.5992 50.8772 22.6150 14.1417 0.51 1.45 2.75
Santos (STO) $12,229 M 0.1518 0.1234 0.3927 24.0023 21.3661 15.3420 2.41 3.24 4.26
Woodside Petroleum (WPL) $32,512 M -0.0512 0.4517 -0.1688 17.0734 11.7612 14.1489 7.05 6.75 5.65

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
COE 0.75 7.62 0.80 10.00 1.91
Market 0.91 15.3 1.20 1.76 1.51
Sector 1.04 11.9 0.75 0.82 3.97

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
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)
16 February 2015 Report (Interim)
19 January 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 in Art

An educational booklet with useful, practical tips to help you make better-informed decisions about investing in art.

More details...


Australian Share Market - Close Up

CMC Markets 11/11/2014 | The Australian share market is in a decision zone - and trading from here may set the direction for the rest of the year.

Prices slashed - everything must go!

Nick Swales, Regional Director, Newcastle Office, Rathbones 27/10/2014 | “If you want to have a better performance than the crowd, you must do things differently from the crowd.” Sir John Templeton.

Aussie share market bulls now have company

Ric Spooner (Chief Market Analyst, CMC Markets) 20/10/2014 | Today, Australian investors will not have to go it alone buying stocks as they did for much of last week. Bargain hunters this morning will be supported by the morale boosting encouragement of a 3% turnaround in the German Dax and a 264 point rally in the Dow Jones.

The Importance of Ignoring the Noise of the Market

Carl Richards, director of investor education at the BAM Alliance 17/10/2014 | “As odd as it may sound, the sooner you start treating your investments like you treat life, the happier you’ll be with the outcome.”

You only dance twice

William H. Gross, Janus Capital Group 16/10/2014 | “Financial markets are artificially priced. In the bond market, there is nothing normal about a three year German Bund yielding “minus” 10 basis points.”

The Big Picture - Australia 200 Index

CMC Markets 8/10/2014 | Share market indices around the globe are breaking down. While analysts cast around for reasons, it’s clear that a time factor is in play. Simply put, many investors “feel” a correction is overdue. How low could it go?


Sponsored Links