Jefferies Group Downgrades CNOOC Ltd to Hold (CEO)
CNOOC Ltd (NYSE:CEO) was downgraded by analysts at Jefferies Group from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, TheFlyOnTheWall.com reports.
CEO has been the subject of a number of other recent research reports. Analysts at Credit Suisse upgraded shares of CNOOC Ltd from an “underperform” rating to a “neutral” rating in a research note on Monday. Analysts at JPMorgan Chase & Co. upgraded shares of CNOOC Ltd from a “neutral” rating to an “overweight” rating in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. CNOOC Ltd has an average rating of “Hold”.
Shares of CNOOC Ltd (NYSE:CEO) traded up 5.28% on Monday, hitting $198.80. The stock had a trading volume of 331,134 shares. CNOOC Ltd has a 52 week low of $147.24 and a 52 week high of $211.49. The stock’s 50-day moving average is $179.3 and its 200-day moving average is $167.7. The company has a market cap of $88.759 billion and a P/E ratio of 9.21.
CNOOC Limited is an investment holding company. The Company, along with its subsidiaries, is a producer of offshore crude oil and natural gas and an independent oil and gas exploration and production company.
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