CNOOC (CEO) Lowered to “Neutral” at JPMorgan Chase & Co.
Other research analysts also recently issued reports about the company. Zacks Investment Research downgraded CNOOC from a “buy” rating to a “hold” rating in a research note on Wednesday, November 21st. Goldman Sachs Group downgraded CNOOC from a “conviction-buy” rating to a “buy” rating in a research note on Tuesday, February 19th. Finally, UBS Group upgraded CNOOC from a “neutral” rating to a “buy” rating in a research note on Friday, November 16th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. CNOOC currently has an average rating of “Buy” and a consensus price target of $214.00.
Shares of CEO stock opened at $177.57 on Friday. CNOOC has a 1-year low of $138.99 and a 1-year high of $202.38. The company has a current ratio of 2.63, a quick ratio of 2.52 and a debt-to-equity ratio of 0.33. The firm has a market cap of $79.28 billion, a P/E ratio of 19.09, a price-to-earnings-growth ratio of 0.43 and a beta of 1.08.
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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