CNOOC (NYSE:CEO) was downgraded by investment analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday.
A number of other equities analysts have also commented on CEO. CLSA raised shares of CNOOC from a “sell” rating to an “outperform” rating in a research report on Friday, September 29th. Zacks Investment Research raised shares of CNOOC from a “hold” rating to a “strong-buy” rating and set a $154.00 target price on the stock in a research report on Tuesday, October 31st. Nomura assumed coverage on shares of CNOOC in a research note on Thursday, December 7th. They set a “top pick” rating and a $13.64 price objective on the stock. Macquarie downgraded shares of CNOOC from an “outperform” rating to a “neutral” rating in a research note on Tuesday, January 9th. Finally, Bank of America upgraded shares of CNOOC from a “neutral” rating to a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $99.55.
Shares of CNOOC (NYSE:CEO) traded down $2.96 during trading hours on Tuesday, hitting $158.29. 189,000 shares of the stock were exchanged, compared to its average volume of 133,011. The stock has a market capitalization of $69,300.00, a price-to-earnings ratio of 18.47, a PEG ratio of 1.41 and a beta of 0.80. CNOOC has a fifty-two week low of $108.05 and a fifty-two week high of $161.35. The company has a current ratio of 1.82, a quick ratio of 1.71 and a debt-to-equity ratio of 0.32.
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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.