News coverage about CNOOC (NYSE:CEO) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. CNOOC earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave news headlines about the oil and gas company an impact score of 47.1816944593767 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- CNOOC Ltd (CEO) Given Consensus Rating of “Buy” by Brokerages (americanbankingnews.com)
- CNOOC Begins Production at Stampede Field in Gulf of Mexico (finance.yahoo.com)
- CNOOC Limited Announces Stampede Field Commences Production (finance.yahoo.com)
- China’s CNOOC says Stampede oil project in Gulf of Mexico starts output (feeds.reuters.com)
- Jefferies Group Weighs in on CNOOC Ltd’s FY2020 Earnings (CEO) (americanbankingnews.com)
Shares of CNOOC (NYSE CEO) traded down $1.39 during midday trading on Friday, reaching $140.41. The company’s stock had a trading volume of 379,876 shares, compared to its average volume of 143,864. CNOOC has a 12-month low of $108.05 and a 12-month high of $166.23. The company has a quick ratio of 1.71, a current ratio of 1.82 and a debt-to-equity ratio of 0.32.
CEO has been the topic of several research analyst reports. UBS Group lowered shares of CNOOC from a “buy” rating to a “neutral” rating in a report on Wednesday, January 17th. JPMorgan Chase & Co. downgraded CNOOC from an “overweight” rating to a “neutral” rating in a report on Tuesday, January 16th. Bank of America raised CNOOC from a “neutral” rating to a “buy” rating in a report on Tuesday, January 16th. Zacks Investment Research cut CNOOC from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. Finally, Macquarie cut CNOOC from an “outperform” rating to a “neutral” rating in a research note on Tuesday, January 9th. One analyst has rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $99.55.
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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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