CNOOC Limited (CEO) Earning Somewhat Positive Press Coverage, Study Shows
Media stories about CNOOC Limited (NYSE:CEO) have trended somewhat positive recently, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CNOOC Limited earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave press coverage about the oil and gas company an impact score of 44.9429758761858 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
CNOOC Limited (CEO) traded up 0.82% during trading on Friday, reaching $111.25. The company had a trading volume of 71,450 shares. The firm has a market capitalization of $49.67 billion, a P/E ratio of 1112.50 and a beta of 0.76. CNOOC Limited has a 52-week low of $108.05 and a 52-week high of $138.36. The company has a 50-day moving average of $111.25 and a 200-day moving average of $115.58.
CEO has been the subject of several recent analyst reports. Goldman Sachs Group, Inc. (The) raised 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 raised CNOOC Limited from a “hold” rating to a “buy” rating in a report on Monday, June 5th. Zacks Investment Research raised CNOOC Limited from a “sell” rating to a “hold” rating in a report on Tuesday, May 2nd. BidaskClub raised CNOOC Limited from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Finally, J P Morgan Chase & Co raised CNOOC Limited from a “neutral” rating to an “overweight” rating in a report on Wednesday, July 5th. Two analysts have rated the stock with a sell rating and six have issued a buy rating to the company. CNOOC Limited has an average rating of “Buy” and an average price target of $131.00.
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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