News articles about CNOOC Limited (NYSE:CEO) have been trending positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CNOOC Limited earned a media sentiment score of 0.27 on Accern’s scale. Accern also gave press coverage about the oil and gas company an impact score of 46.2476808113083 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

A number of equities research analysts recently commented on CEO shares. Goldman Sachs Group, Inc. (The) upgraded shares of CNOOC Limited from a “neutral” rating to a “buy” rating and set a $131.00 price target for the company in a report on Tuesday, August 8th. HSBC Holdings plc upgraded shares of CNOOC Limited from a “hold” rating to a “buy” rating in a report on Monday, June 5th. Zacks Investment Research upgraded shares of CNOOC Limited from a “sell” rating to a “hold” rating in a report on Tuesday, May 2nd. BidaskClub upgraded shares of CNOOC Limited from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Finally, J P Morgan Chase & Co upgraded shares of CNOOC Limited from a “neutral” rating to an “overweight” rating in a report on Wednesday, July 5th. Two investment analysts have rated the stock with a sell rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $131.00.

Shares of CNOOC Limited (CEO) traded up 0.82% on Friday, reaching $111.25. 71,450 shares of the company’s stock traded hands. The stock has a 50-day moving average of $111.25 and a 200 day moving average of $115.58. CNOOC Limited has a 12-month low of $108.05 and a 12-month high of $138.36. The firm has a market cap of $49.67 billion, a P/E ratio of 1112.50 and a beta of 0.76.

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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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