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
Website: www.cooperenergy.com.au
GICS Sub-Industry: Oil & Gas Exploration & Production
Market Cap ($M): 160
Equiv. Shares (M): 329

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.485 $ 0.490 $ 0.490 $ 0.475 $ 0.485 263,250 0%

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 (%)
2015  F 13.6 4.0 -36.5 12.3 -- 0.0 --
2014  F 21.2 6.3 NaN 7.7 -- 0.0 --
2013  A 1.7 0.5 -94.4 101.7 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2013 A 2014 F 2015 F 2013 A 2014 F 2015 F 2013 A 2014 F 2015 F
Beach Energy (BPT) $2,167 M 0.0151 0.9460 -0.2710 15.6279 8.0306 11.0164 0.0164 0.0235 0.0361
Cooper Energy (COE) $161 M -0.9426 11.3137 -0.3710 96.0784 7.8025 12.4051 0.0000 0.0000 0.0000
Oil Search (OSH) $12,931 M 0.5489 0.4474 1.5782 50.5263 34.9091 13.5402 0.0052 0.0046 0.0144
Santos (STO) $13,108 M 0.1518 0.1963 0.6210 25.9109 21.6600 13.3625 0.0223 0.0250 0.0375
Woodside Petroleum (WPL) $32,619 M -0.0512 0.2304 -0.0830 17.1296 13.9215 15.1814 0.0703 0.0575 0.0527

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
COE 1.48 9.49 1.16 0.05 3.05
Market 1.09 15.9 1.26 2.00 1.69
Sector 1.48 14.0 0.78 0.95 6.67

Directors
Name Position Start Date
Mr Ian Edward Gregory -- 15 October 2008
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

Management
Name Position
J. de Ross Chief Financial Officer
Jason de Ross Chief Financial Officer,Joint Company Secretary
Alison Evans Company Secretary
A. D. Thomas Exploration Manager

Substantial Shareholders
Holding Name
21,265,532 (6.47%) National Australia Bank Limited
26,763,434 (9.14%) Paradice Investment Management Pty Ltd
20,924,029 (7.15%) Kinetic Investment Partners Limited
16,581,995 (5.04%) Commonwealth Bank of Australia
8,987,550 (6.56%) Acorn Capital Limited
31,270,694 (9.57%) Beach Energy Limited

Calendar of Events
Date Event
16 February 2015 Report (Interim)
19 January 2015 Report (Quarterly)
29 October 2014 Report (Quarterly)
03 October 2014 Report (Annual)
28 August 2014 Report (Prelim)
24 July 2014 Report (Quarterly)
22 April 2014 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 www.morningstar.com.au/fsg.asp.

Advertisement

Trade Shares Online from $19.95^
Free Guides

The SMH Guide to Investing in Property through Super

An educational booklet on running your own superannuation fund and investing in property.

More details...

News

Billionaires bankroll Ten's new direction Media Network sees digital future

The Age 19/12/2013 | Ten Network's programming ambitions will be funded by a $200 million loan guaranteed by three of its billionaire owners, as the free-to-air broadcaster declared digital was the future and pointed to early signs that its switch to an older market demographic was working.

Elders alleges $24m fraud in live cattle division

The Age 19/12/2013 | Troubled rural services group Elders is threatening to call in the police over an alleged $24 million fraud by a "handful of individuals" in its live cattle exports division.

Bega Cheese holds back in three-way bidding war for WCB

The Age 19/12/2013 | Bega Cheese began the battle for Warrnambool Cheese & Butter but three months on it appears to be the first casualty of the bidding war.

Aussie hampers transition

The Age 19/12/2013 | A persistently high Australian dollar is thwarting the Reserve Bank's efforts to ease the transition of the economy away from mining.

RBA keeps its focus on lower dollar

The Age 19/12/2013 | The Reserve Bank is keeping the door open to further interest rate cuts, but believes the "significant amount" of monetary policy easing over the past two years is already stimulating growth.

Pact's struggles weigh down Orora

The Age 19/12/2013 | The underwhelming sharemarket debut of packaging company Pact Group Holdings has weighed on the demerger of Amcor and its $2 billion Australasian packaging and distribution business Orora.

More...


Sponsored Links

Feedback Form