CNOOC Ltd (NYSE:CEO) has received a consensus recommendation of “Buy” from the eleven analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $99.55.
CEO has been the subject of several research reports. Bank of America raised CNOOC from an “underperform” rating to a “neutral” rating in a research report on Friday, August 25th. BidaskClub upgraded CNOOC from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Zacks Investment Research upgraded CNOOC from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. CLSA upgraded CNOOC from a “sell” rating to an “outperform” rating in a research note on Friday, September 29th. Finally, Nomura began coverage on CNOOC in a research note on Thursday, December 7th. They issued a “top pick” rating and a $13.64 price objective for the company.
Hedge funds have recently bought and sold shares of the stock. FNY Managed Accounts LLC purchased a new stake in CNOOC during the third quarter worth approximately $124,000. BNP Paribas Arbitrage SA grew its holdings in CNOOC by 33.5% during the second quarter. BNP Paribas Arbitrage SA now owns 1,192 shares of the oil and gas company’s stock worth $130,000 after acquiring an additional 299 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new position in CNOOC during the third quarter worth $210,000. Private Advisor Group LLC acquired a new position in CNOOC during the third quarter worth $220,000. Finally, Sterling Capital Management LLC acquired a new position in CNOOC during the third quarter worth $228,000. Hedge funds and other institutional investors own 1.64% of the company’s stock.
CNOOC (CEO) traded up $0.04 during midday trading on Thursday, reaching $139.45. The company’s stock had a trading volume of 76,900 shares, compared to its average volume of 114,144. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.82 and a quick ratio of 1.71. CNOOC has a 52 week low of $108.05 and a 52 week high of $143.39.
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CNOOC Company Profile
CNOOC Limited is a Hong Kong-based investment holding company principally engaged in the exploration, production and trading of oil and gas. Its businesses include conventional oil and gas businesses, shale oil and gas businesses, oil sands businesses and other unconventional oil and gas businesses. The Company mainly operates businesses through three segments.
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