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Cooper Energy
Cooper Energy
Cooper Energy
AUSTRALIA Edition buysellsignals.com | 1 MONTH PRICE VOLUME 3Mo
Monday, August 15, 2011
. 1Yr .
5Yr
Cooper Energy gains 3.6% on high volume rising for a fourth consecutive day, a four day rise of 17.6%
Cooper Energy rose 1.50c (or 3.6%) on high volume to close at 43.50c. Compared with the All Ordinaries index, which rose 108.9 points (or 2.6%) on the day, this was a relative price change of 1.0%. The stock rose for a fourth consecutive day on Monday bringing its four-day rise to 6.50c or 17.6%.
PERCENT R
Shares Outstanding: 292,576,001 Market Cap: $127.3 million Closing Price: 43.50c
7 Glossary
A publication of:
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Company Overview
Activities
Cooper energy is an australian and listed international upstream oil and gas exploration and production company. Further details can be found at http://www.cooperenergy.com.au.
FAVOURABLE CHANGES
Total liabilities to total assets down 11.1% to 0.1 Current ratio up 41.3% to 16.5 Retained earnings to total assets up 5.2% to 17.9%.
UNFAVOURABLE CHANGES
Total revenue down 3.4% to $A44.3m ($US37.8m) Although the Total Liabilities to Operating Cash Flow ratio of 0.5 compares favourably with the Joseph Piotroski benchmark of <4, it had deteriorated by 1.9% from the previous year. Net tangible assets per share down 4.4% to $A0.43 (US36.4c) Working capital to total assets down 1.2% to 70.0% Total revenue to total assets down 3.5% to 0.3.
Financials
HALF YEARLY REPORT
: year-on-year comparisons with previous corresponding period In the half year to December 31, 2010 net profit slumped 54.9% to $3.6 million EPS slumped 66.7% to 1.0c.
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SHAREHOLDER RETURNS
5Yr
3Yr
5Yr
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BEARISH SIGNALS:
The earnings yield of 0.98% below 10-year bond yield of 4.46%. Price/Sales of 2.87 versus sector average of 2.4 and market average of 1.5. We estimate the shares are trading at a current year Price/Sales of 3.1 and a forward year Price/Sales of 3.5. Return on Equity of 1.0% versus sector average of 6.5 and market average of 10.0%. Return on Assets of 0.9% versus sector average of 4.1 and market average of 2.0%. The average annual compound return on the share price in the last 5 years was -2.8%, underperforming the average annual compound return on the All Ordinaries index of 2.3%
THE STOCK HAS A SCORE OF MERELY 4 OUT OF 9 SET BY JOSEPH PIOTROSKI [PASS MARK >=5 ]:
Positive net income; Positive operating cashflow; Good quality of earnings [operating cashflow exceeds net income]; Improvement in current ratio from 11.68% to 16.5%.
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BEARISH SIGNALS:
In the last three months the stock has hit a new 52-week low seven times, pointing to a significant downtrend. The price has risen above the upper Bollinger band of 43.48c.
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Technical Analysis
Significant Uptrend
SUPPORT
The support price is hovering at the 33.50c level. Volume traded at the support price zone was 1.3 time average during the single occasion when the support price was breached. In the last month the lowest price was 33.50c on Aug 05.
5Yr
RISES TO FALLS
In the last three months the number of rises outnumbered falls 24:23 or 1.04:1.
TRAILING MONTH
In the last 21 trading sessions there has been a net rise of 11.54%; the stock has advanced 15 times and the biggest one day rise was 9.2% on Aug 11.
VOLUME
There were 1,436,221 shares worth $616,655 traded. The volume was 1.9 times average trading of 767,273 shares.
% DISCOUNT TO HIGH
The last price is at a discount of 8.4% to the 12-month high of 47.50c.
BETA
The Beta of this stock is 1.04. A Beta greater than 1 suggests this is a high risk, high return stock with volatility greater than that of the market.
% PREMIUM TO LOW
The last price is at a premium of 31.8% to the 12-month low of 33.0c two months ago on 24 Jun, 2011.
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Sector Ranking
Price Performance Rank
Size
The stock is in 3 indices and 2 sectors. Market Cap $ Total Australian Market Avg COE Rank Rank 1 Rank 2 Stock Ranking by Percentage Price Change, versus Index and Sectors for 1 day and 6 months Rank 3 Lowest Rank 1.1 B 127.3 M 480 146 B RIO 128 B BHP 73.9 B CBA 1.5 M BGG Revenue $ 610.7 M 44.3 M 501 58.3 B RIO 52 B WES 52 B WOW
THE FOLLOWING INDEX AND SECTORS ROSE SETTING THE TREND FOR ITS RISE OF 3.6%:
Energy sector of 184 stocks traded today, which was up 93.2 points or 2.8% to 3,380.7, The Total Australian Market of 1257 stocks and 70 units traded today, which was up 91.7 points or 2.6% to 3,579.3, All Ordinaries index of 421 stocks and 41 units traded today, which was up 108.9 points or 2.6% to 4,346.
Total Rank of Rank of Number of Stock Stock Stocks in 6 1 Day Months Sector/Inde x
Energy sector All Ordinaries index Total Australian Market 57 116 364 20 24 122 216 466 1738
Performance
ROA (%) Total Australian Market Avg COE 2.03 0.9 624
Total Australian Market Avg COE Rank Rank 1 Rank 2 Rank 3 Lowest Rank
16.1x
1.02x 488 1.5x TMA 1.6x RHG 1.7x GPG 299 0.1x INE 0.1x EAU 0.1x GPG
8.4 1508 95.1 AEJ 94.8 KIK 91.4 HST 0.3 CST
31.8 790 0.3 STP 0.7 SXE 1.05 SBR 2150 LSL
Copyright BuySellSignals Financial Research. Please refer to Disclaimer on back page.
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1,011.6 599 30,269.2 AKP 9,666.7 CEO 7,866.7 WGO 13.4 ESN
90.3 122 99.9 OTE 99.8 DTG 99.8 MNW 0.1 BEC
3.6 364
17.6 179
11.5 116
11.5 126
1.2 537
Rank 2
Rank 3
Lowest Rank
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Financial Results
Year-on-year Comparisons
GENERAL INFORMATION
Company Name Company ISIN Company CODE Industry 2010-06-30 Native Currency Basic Shares Outstanding AUD 292576000 COOPER ENERGY LIMITED AU000000COE2 COE Energy sector 2009-06-30 AUD 276562000
INCOME STATEMENT
Currency in Thousand of AUD Continuing Operations Revenue from oil sales Cost of sales Gross profit Other revenue Administration and other expenses Profit before income tax Income tax expense Net profit/(loss) after tax from continuing operations Other comprehensive income/(expenditure) Net loss on available for sale assets Other comprehensive income (expenditure) for the period, net of tax Total comprehensive income/(loss) for the period Basic earnings/(loss) per share Diluted earnings/(loss) per share tso 1,247 0.40c 0.40c 292,576,000 -200 -200 -3,016 -1.0c -1.0c 276,562,000 Recovery Recovery Recovery Recovery Recovery Up 5.8 40,030 -17,180 22,850 4,315 -19,944 7,221 5,974 1,247 41,647 -15,390 26,257 4,245 -25,461 5,041 7,857 -2,816 Down 3.9 Deterioration 11.6 Down 13.0 Up 1.6 Reduced 21.7 Up 43.2 Down 24.0 Recovery 2010-06-30 2009-06-30 Change %
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CASH, CASH EQUIVALENTS AND TERM DEPOSITS AT THE END OF 92,485 THE YEAR
PERFORMANCE RATIOS
2010-06-30 Return on Equity (%) Return on Assets (%) Total Liabilities to Operating Cash Flow Total Liabilities/Total Assets Current Ratio 1 0.91 0.53 0.08 16.5 2009-06-30 -2.28 -2.07 0.52 0.09 11.68 Change % Recovery Recovery Up 1.7 Down 12.6 Up 41.3
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04062010 , 30092010
June 15, 2011: Cooper Energy: Board seeking new Managing Director
[News Story] Following a number of Board strategy discussions, Mr.Scott has indicated his desire to hand over the reins of the Company and the Board of Cooper Energy has resolved to seek a new Managing Director to take the Company to the next growth level.Mr.Scott will step down as the Managing Director and Director of Cooper Energy and all subsidiaries and will continue in a staff position to assist the Company to maintain its course during the search for a new Managing Director. Upon a new Managing Director being located, Mr.Scott will serve out his contractual notice period of six months and handover the responsibilities of running the Company to the new Managing Director. Open Full Announcement.
July 06, 2011: Cooper Energy: Beach commits to aggressive exploration campaign
[News Story] The PEL 92 Joint Venture has approved the work program and budget for an aggressive exploration campaign for the twelve month period to June 2012. The program includes nine exploration wells and both 3D and 2D seismic.The nine exploration wells will focus largely on the remaining prospectivity in the primary productive reservoir of the permit, the Namur Sandstone. Of the nine wells, two have been carried forward into the new permit year from the previously approved and currently active eleven well program. A further four of the nine are Namur exploration locations that have already been agreed and funds allocated by the Joint Venture. Open Full Announcement.
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May 24, 2011: Cooper Energy: Jacka Contingent and Prospective Resources Update
[News Story]http://www.asx.com.au/asx/statistics/displayAnnouncem ent.dodisplay=pdf&idsId=01183295Source: Australian Securities Exchange Open Full Announcement.
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Glossary
DEBT/EQUITY
Net Debt/Net Assets (times) Dividends received during the Period
CURRENT RATIO
Current Assets/Current Liabiliites (times)
INTEREST COVER
Earnings Before Interest and Tax/Interest (times)
EBIT MARGIN
Earnings Before Interest and Tax/Revenue (%)
RETURN ON ASSETS
Net Profit/Total Assets (%)
ANNUAL RETURN
Dividends Paid In a 12-Month Period/Price at the Beginning of the Period + Capital Gain or Loss over 1 Year/Price 1 Year Ago (%)
PRICE/EARNINGS
Share Price/Earnings Per Share (times)
PRICE/SALES PS
Share Price/Sales Per Share (times)
PRICE/NTA
Closing Share Price/Net Tangible Assets Per Share (times)
CASH/MCAP
Cash plus Liquids/Market Capitalisation (times)
VOLUME INDEX
Number of shares traded in the period/Average number of shares traded for the period
DIVIDEND YIELD
Dividend Per Share/Share Price (%)
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BST MOMENTUM COLOUR GUIDE Momentum Up Weak Momentum Up Momentum Down Weak Momentum Down Strong Unchanged Weak Unchanged Untraded
Price increase fuelled by above average Volume Price increase on below average Volume Price decrease fuelled by above average Volume Price decrease on below average Volume Price unchanged on above average Volume Price unchanged on below average Volume Untraded
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