CNOOC Ltd. (NYSE:CEO) gapped up prior to trading on Friday . The stock had previously closed at $119.12, but opened at $120.64. CNOOC shares last traded at $123.62, with a volume of 55,923 shares changing hands.

A number of research firms have recently issued reports on CEO. Credit Suisse Group AG lowered CNOOC from a “neutral” rating to an “underperform” rating in a research report on Sunday, August 7th. BOCOM International Holdings upgraded CNOOC from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 21st. Nomura upgraded CNOOC from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 18th. Mizuho upgraded CNOOC from a “neutral” rating to a “buy” rating in a research report on Tuesday, May 17th. Finally, Morgan Stanley lowered CNOOC from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, May 10th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. CNOOC has a consensus rating of “Hold”.

The firm has a 50-day moving average of $122.78 and a 200 day moving average of $119.61. The firm’s market capitalization is $55.05 billion.

The company also recently disclosed a semiannual dividend, which will be paid on Thursday, October 20th. Investors of record on Thursday, September 8th will be given a $1.5476 dividend. The ex-dividend date is Tuesday, September 6th. This represents a yield of 2.52%.

CNOOC Limited is a holding company. The Company is an upstream company engaged in the exploration, development and production of oil and natural gas. The Company operates through three segments: exploration and production, trading business and corporate. The Company is engaged in the upstream operating activities of the conventional oil and gas, shale oil and gas, oil sands and other unconventional oil and gas business.

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