News headlines about CNOOC Limited (NYSE:CEO) have been trending positive on Saturday, according to Accern Sentiment. The research firm scores the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. CNOOC Limited earned a daily sentiment score of 0.25 on Accern’s scale. Accern also gave headlines about the oil and gas company an impact score of 46.1603842019252 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
A number of brokerages recently commented on CEO. BidaskClub lowered shares of CNOOC Limited from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. CLSA raised shares of CNOOC Limited from a “sell” rating to an “outperform” rating in a research report on Friday, September 29th. Zacks Investment Research raised shares of CNOOC Limited from a “hold” rating to a “strong-buy” rating and set a $154.00 target price for the company in a research report on Tuesday, October 31st. The Goldman Sachs Group, Inc. upgraded shares of CNOOC Limited from a “neutral” rating to a “buy” rating and set a $131.00 price target for the company in a research note on Tuesday, August 8th. Finally, Bank of America Corporation upgraded shares of CNOOC Limited from an “underperform” rating to a “neutral” rating in a research note on Friday, August 25th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $142.50.
CNOOC Limited (NYSE:CEO) opened at $135.29 on Friday. CNOOC Limited has a 1-year low of $108.05 and a 1-year high of $143.39. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.82 and a quick ratio of 1.71.
The firm also recently declared a semiannual dividend, which was paid on Thursday, October 19th. Investors of record on Thursday, September 7th were given a $2.5567 dividend. This represents a yield of 4.23%. The ex-dividend date of this dividend was Wednesday, September 6th. CNOOC Limited’s dividend payout ratio is presently 59.06%.
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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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