Macquarie upgraded shares of CNOOC (NYSE:CEO) from a neutral rating to an outperform rating in a research report report published on Monday, Marketbeat reports.
CEO has been the topic of a number of other reports. Zacks Investment Research raised CNOOC from a hold rating to a strong-buy rating and set a $154.00 target price on the stock in a report on Tuesday, October 31st. JPMorgan Chase & Co. lowered CNOOC from an overweight rating to a neutral rating in a report on Tuesday, January 16th. Nomura assumed coverage on CNOOC in a report on Thursday, December 7th. They set a top pick rating and a $13.64 target price on the stock. UBS Group lowered CNOOC from a buy rating to a neutral rating in a report on Wednesday, January 17th. Finally, Bank of America raised CNOOC from a neutral rating to a buy rating in a report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $99.55.
CNOOC (NYSE:CEO) opened at $147.01 on Monday. The stock has a market capitalization of $63,760.00, a PE ratio of 16.92, a P/E/G ratio of 1.10 and a beta of 0.94. CNOOC has a fifty-two week low of $108.05 and a fifty-two week high of $166.23. The company has a current ratio of 1.82, a quick ratio of 1.71 and a debt-to-equity ratio of 0.32.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC increased its stake in CNOOC by 21.0% in the 4th quarter. Renaissance Technologies LLC now owns 505,000 shares of the oil and gas company’s stock worth $72,498,000 after purchasing an additional 87,600 shares in the last quarter. BlackRock Inc. increased its stake in CNOOC by 93.1% in the 4th quarter. BlackRock Inc. now owns 392,753 shares of the oil and gas company’s stock worth $56,382,000 after purchasing an additional 189,363 shares in the last quarter. Oaktree Capital Management LP increased its stake in CNOOC by 5.0% in the 3rd quarter. Oaktree Capital Management LP now owns 223,071 shares of the oil and gas company’s stock worth $28,932,000 after purchasing an additional 10,646 shares in the last quarter. JPMorgan Chase & Co. increased its stake in CNOOC by 7.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 204,441 shares of the oil and gas company’s stock worth $25,875,000 after purchasing an additional 13,474 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in CNOOC by 12.0% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 124,784 shares of the oil and gas company’s stock worth $16,184,000 after purchasing an additional 13,406 shares in the last quarter. 1.67% of the stock is currently owned by hedge funds and other institutional investors.
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CNOOC Company Profile
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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