CNOOC Rating Lowered to Neutral at UBS AG (CEO)
CNOOC (NYSE:CEO) was downgraded by research analysts at UBS AG to a “neutral” rating in a report released on Thursday, Analyst Ratings Network reports.
CEO has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of CNOOC (NYSE:CEO) from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, August 21st. They now have a $207.00 price target on the stock. Analysts at Credit Suisse initiated coverage on shares of CNOOC (NYSE:CEO) in a research note to investors on Thursday, August 15th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. CNOOC currently has an average rating of “Hold” and a consensus price target of $225.30.
Shares of CNOOC (NYSE:CEO) traded down 0.06% during mid-day trading on Thursday, hitting $203.71. The stock had a trading volume of 6,661 shares. CNOOC has a one year low of $155.27 and a one year high of $226.77. The stock has a 50-day moving average of $199.4 and a 200-day moving average of $184.7. The company has a market cap of $90.949 billion and a P/E ratio of 8.64.
The company also recently announced a semiannual dividend, which is scheduled for Thursday, October 17th. Investors of record on Thursday, September 5th will be paid a dividend of $3.22 per share. This represents a dividend yield of 3.23%. The ex-dividend date is Tuesday, September 3rd.
CNOOC Limited, incorporated on August 20, 1999, is an investment holding company. The Company, through its subsidiaries, is engaged in the exploration, development, production and sales of crude oil and natural gas and other petroleum products.
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