CNOOC Ltd. (NYSE:CEO) gapped up before the market opened 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.

Several brokerages recently weighed in on CEO. Morgan Stanley downgraded CNOOC from an “overweight” rating to an “equal weight” rating in a report on Tuesday, May 10th. Credit Suisse Group AG downgraded CNOOC from a “neutral” rating to an “underperform” rating in a report on Sunday, August 7th. 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, BOCOM International Holdings upgraded CNOOC from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 21st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. CNOOC has a consensus rating of “Hold”.

The firm’s 50-day moving average price is $122.78 and its 200 day moving average price is $119.61. The stock’s market capitalization is $55.05 billion.

The company also recently declared a semiannual dividend, which will be paid on Thursday, October 20th. Stockholders of record on Thursday, September 8th will be issued a $1.5476 dividend. The ex-dividend date of this dividend is Tuesday, September 6th. This represents a dividend 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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