CNOOC Ltd (CEO) Receives Consensus Rating of “Buy” from Brokerages

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Shares of CNOOC Ltd (NYSE:CEO) have been assigned an average recommendation of “Buy” from the five analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and four have assigned a buy recommendation to the company.

CEO has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised shares of CNOOC from a “neutral” rating to an “overweight” rating in a research report on Thursday, November 29th. Macquarie downgraded shares of CNOOC from an “outperform” rating to a “neutral” rating in a research report on Friday, September 28th. Zacks Investment Research downgraded shares of CNOOC from a “buy” rating to a “hold” rating in a research report on Wednesday, November 21st. Finally, UBS Group downgraded shares of CNOOC from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 3rd.

Several hedge funds have recently modified their holdings of the company. Icon Wealth Partners LLC purchased a new position in shares of CNOOC during the 2nd quarter valued at $100,000. Csenge Advisory Group purchased a new position in shares of CNOOC during the 3rd quarter valued at $135,000. Fiera Capital Corp purchased a new position in shares of CNOOC during the 2nd quarter valued at $211,000. Greenleaf Trust purchased a new position in shares of CNOOC during the 2nd quarter valued at $214,000. Finally, Vicus Capital purchased a new position in shares of CNOOC during the 2nd quarter valued at $219,000. 1.90% of the stock is owned by hedge funds and other institutional investors.

NYSE:CEO opened at $163.99 on Monday. CNOOC has a 12 month low of $134.16 and a 12 month high of $202.38. The company has a quick ratio of 2.52, a current ratio of 2.63 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $73.78 billion, a price-to-earnings ratio of 17.63, a P/E/G ratio of 0.36 and a beta of 1.16.

CNOOC Company Profile

CNOOC Limited, an investment holding company, explores for, develops, produces, and sells crude oil, natural gas, and other petroleum products. It operates through Exploration and Production, and Trading Business segments. The company produces offshore crude oil and natural gas primarily in Bohai, Western South China Sea, Eastern South China Sea, and East China Sea in offshore China.

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