First quarter production, sales volumes and revenue for Cooper Energy were broadly in line with Morgans forecasts, though fell short of consensus estimates.

The broker believes shares are trading at deep value and key catalysts to spur a share price rally include completing the BMG abandonment project and lifting production at Orbost.

The Add rating and 24c target are retained.

Sector: Energy.

Target price is $0.24.Current Price is $0.10. Difference: $0.14 - (brackets indicate current price is over target). If COE meets the Morgans target it will return approximately 59% (excluding dividends, fees and charges - negative figures indicate an expected loss).

© 2023 Acquisdata Pty Ltd., source FN Arena