Brokerages Set CNOOC Limited (CEO) Price Target at $142.50
CNOOC Limited (NYSE:CEO) has been assigned a consensus rating of “Buy” from the ten analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $142.50.
CEO has been the topic of a number of recent analyst reports. Zacks Investment Research raised CNOOC Limited from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. BidaskClub raised shares of CNOOC Limited from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. CLSA raised shares of CNOOC Limited from a “sell” rating to an “outperform” rating in a report on Friday, September 29th. Bank of America Corporation raised shares of CNOOC Limited from an “underperform” rating to a “neutral” rating in a report on Friday, August 25th. Finally, Goldman Sachs Group, Inc. (The) raised shares of CNOOC Limited from a “neutral” rating to a “buy” rating and set a $131.00 price objective on the stock in a report on Tuesday, August 8th.
CNOOC Limited (NYSE:CEO) traded down $1.44 during trading on Wednesday, reaching $139.56. 66,441 shares of the company were exchanged, compared to its average volume of 129,913. The company has a quick ratio of 1.71, a current ratio of 1.82 and a debt-to-equity ratio of 0.32. CNOOC Limited has a 52-week low of $108.05 and a 52-week high of $141.11.
The firm also recently declared a semiannual dividend, which was paid on Thursday, October 19th. Shareholders of record on Thursday, September 7th were issued a $2.5567 dividend. This represents a yield of 4.23%. The ex-dividend date was Wednesday, September 6th. CNOOC Limited’s payout ratio is 59.21%.
A number of large investors have recently bought and sold shares of CEO. BNP Paribas Arbitrage SA raised its position in shares of CNOOC Limited by 33.5% in the second quarter. BNP Paribas Arbitrage SA now owns 1,192 shares of the oil and gas company’s stock worth $130,000 after acquiring an additional 299 shares during the period. SG Americas Securities LLC acquired a new position in shares of CNOOC Limited in the first quarter worth about $150,000. PNC Financial Services Group Inc. raised its position in shares of CNOOC Limited by 4.6% in the first quarter. PNC Financial Services Group Inc. now owns 1,427 shares of the oil and gas company’s stock worth $170,000 after acquiring an additional 63 shares during the period. Creative Planning raised its position in shares of CNOOC Limited by 5.2% in the second quarter. Creative Planning now owns 1,955 shares of the oil and gas company’s stock worth $214,000 after acquiring an additional 96 shares during the period. Finally, Morningstar Investment Services LLC acquired a new position in shares of CNOOC Limited in the second quarter worth about $219,000. 1.48% of the stock is currently owned by institutional investors.
About CNOOC Limited
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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