Cooper Energy's 4Q  production and sales were in-line with prior estimates by Morgans. The Add rating remains and the current share price is thought to underplay the long-term value on offer.

Following the Orbost Gas Processing Plant transaction last month, the broker feels the company is in a better position than APA Group ((APA)) to maximise gas production. The target is adjusted to $0.29 from $0.31.

Sector: Energy.

Target price is $0.29.Current Price is $0.24. Difference: $0.05 - (brackets indicate current price is over target). If COE meets the Morgans target it will return approximately 17% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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