Shares of CNOOC Ltd (NYSE:CEO) have earned a consensus recommendation of “Buy” from the seven ratings firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company.
CEO has been the topic of a number of recent analyst reports. Daiwa Capital Markets downgraded shares of CNOOC from an “outperform” rating to a “neutral” rating in a report on Wednesday, July 17th. CICC Research raised shares of CNOOC from a “neutral” rating to an “outperform” rating in a report on Monday, July 22nd. Zacks Investment Research raised shares of CNOOC from a “sell” rating to a “hold” rating in a report on Tuesday, August 13th. Macquarie raised shares of CNOOC from a “neutral” rating to an “outperform” rating in a report on Thursday, June 6th. Finally, JPMorgan Chase & Co. raised shares of CNOOC from a “neutral” rating to an “overweight” rating in a report on Friday, May 17th.
Shares of NYSE CEO opened at $141.46 on Friday. The company’s fifty day moving average price is $160.07 and its 200 day moving average price is $170.38. CNOOC has a 1 year low of $141.43 and a 1 year high of $202.38. The company has a market capitalization of $65.05 billion, a PE ratio of 8.29, a price-to-earnings-growth ratio of 1.12 and a beta of 1.09. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.62 and a current ratio of 2.71.
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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