CNOOC Ltd. (CEO) Shares Gap Down to $120.64
CNOOC Ltd. (NYSE:CEO) shares gapped down before the market opened on Monday . The stock had previously closed at $119.12, but opened at $120.64. CNOOC shares last traded at $123.29, with a volume of 104,100 shares traded.
CEO has been the topic of several research analyst reports. Morgan Stanley downgraded CNOOC from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, May 10th. Mizuho upgraded CNOOC from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 17th. Nomura upgraded CNOOC from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 18th. BOCOM International Holdings upgraded CNOOC from a “neutral” rating to a “buy” rating in a research note on Tuesday, June 21st. Finally, Credit Suisse Group AG downgraded CNOOC from a “neutral” rating to an “underperform” rating in a research note on Sunday, August 7th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. CNOOC currently has a consensus rating of “Hold”.
The company has a 50 day moving average price of $122.78 and a 200 day moving average price of $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. Shareholders of record on Thursday, September 8th will be paid a dividend of $1.5476 per share. This represents a yield of 2.52%. The ex-dividend date is Tuesday, September 6th.
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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