News stories about CNOOC (NYSE:CEO) have trended somewhat positive this week, according to Accern. The research firm scores the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CNOOC earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned news coverage about the oil and gas company an impact score of 46.681576380656 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
A number of research firms have issued reports on CEO. Zacks Investment Research lowered shares of CNOOC from a “buy” rating to a “hold” rating in a research report on Thursday. Macquarie lowered shares of CNOOC from an “outperform” rating to a “neutral” rating in a research report on Tuesday, January 9th. Nomura started coverage on shares of CNOOC in a research note on Thursday, December 7th. They set a “top pick” rating and a $13.64 price objective on the stock. Finally, CLSA raised shares of CNOOC from a “sell” rating to an “outperform” rating in a research note on Friday, September 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $99.55.
Shares of CNOOC (NYSE:CEO) opened at $161.25 on Friday. 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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