Analysis of Cooper Energy, HMC Capital, Exxon Mobil
Fund Manager Chris Pedersen discusses Cooper Energy (ASX:COE), HMC Capital (ASX:HMC) and Exxon Mobil Corp (NYSE:XOM).
Read MoreTag: COE
COE – Morgans rates the stock as Add
The broker lowers its target price to $0.31 from $0.35 and retains its Add rating.
Read MoreCooper Risking the Farm to Buy the Cash Cow
Cooper Energy likes APA’s Orbost gas processing plant Victoria so much that it is risking itself to control the facility in a deal worth more than half of its market capitalisation.
Read MoreCooper Energy Surprises with Second Upgrade
Shares in Cooper Energy rose more than 7% yesterday after its second upgrade in three weeks, thanks to surging demand for gas and especially robust prices in NSW and Victoria.
Read MoreCooper Barrelling Along Nicely, Ups Guidance
Shares in Copper Energy jumped sharply yesterday after it lifted its earnings guidance nearly 10% for the year to June because of the lift in global gas demand and prices.
Read MoreCOE – Morgans rates the stock as Add
Morgans lowers its target to $0.29 from $0.34 and retains its Add rating, after Cooper Energy lowered FY21 guidance.
Read MoreCOE – Macquarie rates the stock as Neutral
Neutral maintained. Target is $0.32.
Read MoreCOE – Morgans rates the stock as Upgrade to Add
Morgans upgrades the rating to Add from Hold and lifts the target price to $0.34 from $0.30.
Read MoreCOE – Morgans rates the stock as Downgrade to Hold
Morgans lowers the rating to Hold from Add and the target to $0.30 from $0.39 given short-term uncertainty around the path to reaching nameplate at Sole.
Read MoreCOE – Morgans rates the stock as Add
Morgans suggest now is an opportune time to invest in the oil and gas sector after gaining further conviction both oil and LNG markets have moved off their lows. The Add rating and target price of $0.43 are unchanged for Cooper Energy.
Read MoreCOE – Morgans rates the stock as Add
Morgans believes Cooper Energy’s in-line result was overshadowed by the market’s primary focus on progress at the Sole Gas Project.
Read MoreCOE – Credit Suisse rates the stock as Neutral
March quarter production and revenue were below expectations, mainly because of a delay at Sole and also lower gas at Casino and lower oil at Cooper Basin.
Read MoreCOE – Morgans rates the stock as Add
September quarter production, up 22%, was slightly ahead of Morgans’ estimates. Revenue from gas sales was up 32% versus the prior quarter, supported by higher gas prices from new contracts and better production, which offset lower revenue from oil.
Read MoreCOE – Credit Suisse rates the stock as Neutral
FY19 results were in line with estimates. There is a 10% increase to 2P estimates for Casino Henry, offset by a -2% decrease for Sole. Sole start-up guidance remains on track and firm gas sales are expected in December.
Read MoreCooper Energy Approves Sole Gas Project
Oil and gas developer Cooper Energy (COE) is looking to raise $151 million in an equity raising to help fund its new Sole offshore gas project in Victoria’s Gippsland Basin.
Read MoreCooper Energy Soars As Energy Firms Struggle
While most energy firms struggled today following a slump in oil prices in the US on Friday, Cooper Energy soared as much as 80% to an all time high of $1.295 after it said it had discovered a new oil field in the Cooper Basin. In addition, oil shows have been detected at its Indonesian well.
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