CNOOC Ltd (NYSE:CEO) has earned a consensus rating of “Buy” from the six analysts that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $113.82.
A number of research firms have commented on CEO. UBS Group lowered CNOOC from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 3rd. Zacks Investment Research raised CNOOC from a “sell” rating to a “hold” rating in a research report on Tuesday, September 11th. Finally, Macquarie lowered CNOOC from an “outperform” rating to a “neutral” rating in a research report on Friday, September 28th.
Large investors have recently made changes to their positions in the company. Icon Wealth Partners LLC bought a new position in shares of CNOOC in the 2nd quarter worth approximately $100,000. We Are One Seven LLC bought a new position in shares of CNOOC in the 3rd quarter worth approximately $219,000. Fiera Capital Corp bought a new position in shares of CNOOC in the 2nd quarter worth approximately $211,000. Greenleaf Trust bought a new position in shares of CNOOC in the 2nd quarter worth approximately $214,000. Finally, Vicus Capital bought a new position in shares of CNOOC in the 2nd quarter worth approximately $219,000. 1.81% of the stock is owned by hedge funds and other institutional investors.
CEO opened at $171.38 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.63 and a quick ratio of 2.52. CNOOC has a one year low of $132.62 and a one year high of $202.38.
The firm also recently declared a semiannual dividend, which was paid on Tuesday, October 23rd. Shareholders of record on Thursday, September 6th were given a dividend of $3.8217 per share. This represents a yield of 4.38%. The ex-dividend date was Wednesday, September 5th. CNOOC’s payout ratio is 73.66%.
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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