CNOOC (NYSE:CEO) was downgraded by equities research analysts at Macquarie from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, MarketBeat reports.
Several other analysts also recently 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 price objective for the company in a research report on Tuesday, October 31st. Finally, Nomura began coverage on shares of CNOOC in a research report on Thursday, December 7th. They set a “top pick” rating and a $13.64 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $99.55.
Shares of CNOOC (NYSE CEO) traded up $4.00 during mid-day trading on Tuesday, hitting $161.25. 150,204 shares of the stock traded hands, compared to its average volume of 88,058. CNOOC has a one year low of $108.05 and a one year high of $161.35. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.82 and a quick ratio of 1.71.
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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.
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