CNOOC Ltd (NYSE:CEO) has been assigned a consensus recommendation of “Buy” from the six analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company.
Several equities analysts have recently commented on the company. Zacks Investment Research lowered CNOOC from a “hold” rating to a “sell” rating in a report on Thursday, June 13th. Macquarie raised CNOOC from a “neutral” rating to an “outperform” rating in a report on Thursday, June 6th. Daiwa Capital Markets assumed coverage on CNOOC in a report on Monday, May 20th. They set an “outperform” rating for the company. JPMorgan Chase & Co. raised CNOOC from a “neutral” rating to an “overweight” rating in a report on Friday, May 17th. Finally, UBS Group lowered CNOOC from a “buy” rating to a “neutral” rating in a report on Tuesday, April 2nd.
Shares of NYSE:CEO traded down $1.13 during trading on Friday, hitting $170.35. 67,754 shares of the company traded hands, compared to its average volume of 83,629. The company has a market capitalization of $76.56 billion, a PE ratio of 9.99, a price-to-earnings-growth ratio of 1.36 and a beta of 1.09. The stock has a fifty day simple moving average of $165.87. CNOOC has a one year low of $142.94 and a one year high of $202.38. The company has a quick ratio of 2.62, a current ratio of 2.71 and a debt-to-equity ratio of 0.32.
A number of hedge funds and other institutional investors have recently modified their holdings of CEO. Rehmann Capital Advisory Group acquired a new position in shares of CNOOC in the 4th quarter worth $76,000. Icon Wealth Partners LLC acquired a new position in shares of CNOOC in the 1st quarter worth $96,000. Vicus Capital acquired a new position in shares of CNOOC in the 1st quarter worth $211,000. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of CNOOC in the 1st quarter worth $215,000. Finally, Fiera Capital Corp acquired a new position in shares of CNOOC in the 1st quarter worth $230,000. 1.93% of the stock is owned by hedge funds and other institutional investors.
CNOOC Company Profile
CNOOC Limited, an investment holding company, explores for, develops, produces, and sells crude oil, natural gas, and other petroleum products. It operates through Exploration and Production, and Trading Business segments. The company produces offshore crude oil and natural gas primarily in Bohai, Western South China Sea, Eastern South China Sea, and East China Sea in offshore China.
Further Reading: What is a short straddle?
Receive News & Ratings for CNOOC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNOOC and related companies with MarketBeat.com's FREE daily email newsletter.