CNOOC Ltd Given Average Recommendation of “Hold” by Analysts (NYSE:CEO)
CNOOC Ltd (NYSE:CEO) has received an average rating of “Hold” from the seven brokerages that are covering the stock, StockRatingsNetwork.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company.
A number of analysts have recently weighed in on CEO shares. Analysts at Jefferies Group downgraded shares of CNOOC Ltd from a “buy” rating to a “hold” rating in a research note on Monday, August 18th. Separately, analysts at Credit Suisse upgraded shares of CNOOC Ltd from an “underperform” rating to a “neutral” rating in a research note on Monday, August 18th. Finally, 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.
Shares of CNOOC Ltd (NYSE:CEO) traded up 3.01% on Friday, hitting $200.36. The stock had a trading volume of 42,429 shares. CNOOC Ltd has a 52-week low of $147.24 and a 52-week high of $211.49. The stock has a 50-day moving average of $183.8 and a 200-day moving average of $170.5. The company has a market cap of $89.456 billion and a P/E ratio of 9.49.
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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