CNOOC Limited (NYSE:CEO) has earned a consensus rating of “Buy” from the ten research firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $131.00.
Several research firms have commented on CEO. Goldman Sachs Group, Inc. (The) raised CNOOC Limited from a “neutral” rating to a “buy” rating and set a $131.00 target price on the stock in a report on Tuesday, August 8th. Bank of America Corporation raised CNOOC Limited from an “underperform” rating to a “neutral” rating in a report on Friday, August 25th. BidaskClub downgraded CNOOC Limited from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. CLSA raised CNOOC Limited from a “sell” rating to an “outperform” rating in a report on Friday, September 29th. Finally, Zacks Investment Research raised CNOOC Limited from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th.
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CNOOC Limited (CEO) traded up 1.55% during midday trading on Friday, reaching $129.46. The company had a trading volume of 102,982 shares. The stock has a market capitalization of $57.80 billion, a PE ratio of 15.60 and a beta of 0.75. The company has a 50-day moving average of $122.53 and a 200-day moving average of $116.16. CNOOC Limited has a 12-month low of $108.05 and a 12-month high of $138.36.
The firm also recently declared a semiannual dividend, which will be paid on Thursday, October 19th. Stockholders of record on Thursday, September 7th will be issued a dividend of $2.5567 per share. This represents a dividend yield of 4.23%. The ex-dividend date is Wednesday, September 6th.
About CNOOC Limited
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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