CNOOC (NYSE:CEO) was downgraded by stock analysts at UBS Group from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, The Fly reports.
A number of other equities research analysts also recently issued reports on the stock. Nomura started coverage on shares of CNOOC in a report on Thursday, December 7th. They issued a “top pick” rating and a $13.64 target price for the company. Zacks Investment Research upgraded shares of CNOOC from a “hold” rating to a “strong-buy” rating and set a $154.00 target price for the company in a report on Tuesday, October 31st. CLSA upgraded shares of CNOOC from a “sell” rating to an “outperform” rating in a report on Friday, September 29th. Macquarie downgraded shares of CNOOC from an “outperform” rating to a “neutral” rating in a report on Tuesday, January 9th. Finally, JPMorgan Chase & Co. downgraded shares of CNOOC from an “overweight” rating to a “neutral” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $99.55.
CNOOC (NYSE:CEO) traded up $0.61 during trading on Wednesday, reaching $158.90. 148,071 shares of the company were exchanged, compared to its average volume of 139,479. CNOOC has a 52-week low of $108.05 and a 52-week high of $161.35. The stock has a market capitalization of $71,840.00, a P/E ratio of 18.56, a price-to-earnings-growth ratio of 1.41 and a beta of 0.80. The company has a current ratio of 1.82, a quick ratio of 1.71 and a debt-to-equity ratio of 0.32.
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.
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