Shares of CNOOC Ltd (NYSE:CEO) have been assigned a consensus rating of “Buy” from the ten brokerages that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $72.32.

A number of analysts recently issued reports on CEO shares. Zacks Investment Research raised CNOOC from a “hold” rating to a “strong-buy” rating and set a $154.00 price objective for the company in a research report on Tuesday, October 31st. CLSA raised CNOOC from a “sell” rating to an “outperform” rating in a research report on Friday, September 29th. Nomura started coverage on CNOOC in a research report on Thursday, December 7th. They set a “top pick” rating and a $13.64 price objective for the company. Finally, Macquarie downgraded CNOOC from an “outperform” rating to a “neutral” rating in a research report on Tuesday, January 9th.

A number of institutional investors have recently made changes to their positions in the stock. Harding Loevner LP boosted its holdings in CNOOC by 1.4% during the 2nd quarter. Harding Loevner LP now owns 2,194,472 shares of the oil and gas company’s stock valued at $240,097,000 after acquiring an additional 30,450 shares during the period. Renaissance Technologies LLC boosted its holdings in CNOOC by 67.4% during the 2nd quarter. Renaissance Technologies LLC now owns 291,400 shares of the oil and gas company’s stock valued at $31,882,000 after acquiring an additional 117,300 shares during the period. Oaktree Capital Management LP boosted its holdings in CNOOC by 5.0% during the 3rd quarter. Oaktree Capital Management LP now owns 223,071 shares of the oil and gas company’s stock valued at $28,932,000 after acquiring an additional 10,646 shares during the period. JPMorgan Chase & Co. boosted its holdings in CNOOC by 7.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 204,441 shares of the oil and gas company’s stock valued at $25,875,000 after acquiring an additional 13,474 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its holdings in CNOOC by 12.0% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 124,784 shares of the oil and gas company’s stock valued at $16,184,000 after acquiring an additional 13,406 shares during the period. Institutional investors own 1.64% of the company’s stock.

Shares of CNOOC (CEO) traded up $4.00 during trading hours on Monday, hitting $161.25. The company had a trading volume of 150,200 shares, compared to its average volume of 133,011. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.82 and a quick ratio of 1.71. CNOOC has a 1 year low of $108.05 and a 1 year high of $161.35.

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CNOOC Company Profile

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.

Analyst Recommendations for CNOOC (NYSE:CEO)

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