CNOOC Stock Rating Upgraded by UBS AG (CEO)
CNOOC (NYSE:CEO) was upgraded by equities researchers at UBS AG from a “neutral” rating to a “buy” rating in a research report issued on Tuesday, TheFlyOnTheWall.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of CNOOC in a research note to investors on Tuesday, November 12th. They now have a $209.00 price target on the stock. Analysts at Barclays initiated coverage on shares of CNOOC in a research note to investors on Tuesday, November 5th. They set an “overweight” rating on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $226.30.
Shares of CNOOC (NYSE:CEO) traded up 0.23% on Tuesday, hitting $177.62. 79,042 shares of the company’s stock traded hands. CNOOC has a 52-week low of $155.27 and a 52-week high of $217.61. The stock has a 50-day moving average of $194.2 and a 200-day moving average of $192.8. The company has a market cap of $79.301 billion and a P/E ratio of 7.51.
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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