Cooper Energy's result fell short of the broker due to previously flagged maintenance interruptions. The key focus nevertheless is on the Sole project, the broker suggests, which is now 86% complete and on time and budget.
Exploration is about to commence in the Otway. Add and 59c target retained.
Target price is $0.59.Current Price is $0.50. Difference: $0.09 - (brackets indicate current price is over target). If COE meets the Morgans target it will return approximately 15% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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