CNOOC (CEO) Research Coverage Started at Nomura
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.
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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.
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