Cooper Energy's 3Q underlying performance was "solid", in Morgans view, and matched forecasts by the broker and consensus. The 30c target and Add rating are maintained.

The "necessary eveil" of decommisioning at BMG will be completed by late-May, note the analysts, while debottlenecking and upgrading work continues at Orbost.

The broker anticipates market confidence in Cooper Energy will increase as the focus shifts to an improving performance at Sole/Orbost.

Sector: Energy.

Target price is $0.30.Current Price is $0.22. Difference: $0.09 - (brackets indicate current price is over target). If COE meets the Morgans target it will return approximately 28% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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