Analysts at Nomura started coverage on shares of CNOOC (NYSE:CEO) in a report released on Thursday, The Fly reports. The firm set a “top pick” rating and a $13.64 price target on the oil and gas company’s stock. Nomura’s target price indicates a potential downside of 89.84% from the stock’s previous close.

A number of other research firms also recently issued reports on CEO. Zacks Investment Research upgraded shares of CNOOC from a “hold” rating to a “strong-buy” rating and set a $154.00 price objective on the stock in a research note on Tuesday, October 31st. CLSA raised shares of CNOOC from a “sell” rating to an “outperform” rating in a research report on Friday, September 29th. BidaskClub raised shares of CNOOC from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Finally, Bank of America raised shares of CNOOC from an “underperform” rating to a “neutral” rating in a research report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. CNOOC has a consensus rating of “Buy” and a consensus price target of $99.55.

CNOOC (NYSE:CEO) traded up $1.27 during midday trading on Thursday, hitting $134.29. 98,290 shares of the stock were exchanged, compared to its average volume of 114,819. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.71 and a current ratio of 1.82. CNOOC has a 1 year low of $108.05 and a 1 year high of $143.39.

Large investors have recently bought and sold shares of the stock. Morningstar Investment Services LLC purchased a new stake in CNOOC during the second quarter valued at approximately $219,000. Stevens Capital Management LP purchased a new position in shares of CNOOC in the third quarter worth $736,000. First Trust Advisors LP raised its holdings in shares of CNOOC by 16.9% in the third quarter. First Trust Advisors LP now owns 54,176 shares of the oil and gas company’s stock worth $7,027,000 after buying an additional 7,851 shares during the last quarter. CIBC World Markets Inc. raised its holdings in shares of CNOOC by 507.2% in the second quarter. CIBC World Markets Inc. now owns 20,318 shares of the oil and gas company’s stock worth $2,223,000 after buying an additional 16,972 shares during the last quarter. Finally, Profund Advisors LLC raised its holdings in shares of CNOOC by 14.6% in the second quarter. Profund Advisors LLC now owns 20,350 shares of the oil and gas company’s stock worth $2,226,000 after buying an additional 2,596 shares during the last quarter. 1.65% of the stock is owned by institutional investors.

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About CNOOC

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.

The Fly

Analyst Recommendations for CNOOC (NYSE:CEO)

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