CNOOC (NYSE:CEO) was upgraded by Macquarie from a “neutral” rating to an “outperform” rating in a note issued to investors on Monday, MarketBeat Ratings reports.
A number of other research analysts have also issued reports on CEO. Zacks Investment Research upgraded 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. Nomura initiated 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. Bank of America upgraded CNOOC from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 16th. JPMorgan Chase & Co. lowered CNOOC from an “overweight” rating to a “neutral” rating in a research report on Tuesday, January 16th. Finally, UBS Group lowered CNOOC from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $99.55.
CNOOC (CEO) traded up $2.50 during trading hours on Monday, reaching $142.91. The company had a trading volume of 351,170 shares, compared to its average volume of 146,323. CNOOC has a twelve month low of $108.05 and a twelve month high of $166.23. The firm has a market cap of $64,840.00, a price-to-earnings ratio of 16.31, a P/E/G ratio of 1.09 and a beta of 0.94. The company has a quick ratio of 1.71, a current ratio of 1.82 and a debt-to-equity ratio of 0.32.
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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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