BidaskClub downgraded shares of CNOOC Limited (NYSE:CEO) from a sell rating to a strong sell rating in a research note released on Thursday morning.

Other equities research analysts also recently issued research reports about the company. Goldman Sachs Group, Inc. (The) upgraded 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. HSBC Holdings plc upgraded CNOOC Limited from a hold rating to a buy rating in a report on Monday, June 5th. Zacks Investment Research upgraded CNOOC Limited from a sell rating to a hold rating in a report on Tuesday, May 2nd. Finally, J P Morgan Chase & Co upgraded 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 given a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $131.00.

CNOOC Limited (NYSE:CEO) opened at 111.25 on Thursday. The company has a market cap 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 stock’s 50 day moving average price is $111.25 and its 200-day moving average price is $115.58.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CEO. BNP Paribas Arbitrage SA boosted its position in CNOOC Limited by 620.2% in the first quarter. BNP Paribas Arbitrage SA now owns 893 shares of the oil and gas company’s stock valued at $107,000 after buying an additional 769 shares during the last quarter. Americafirst Capital Management LLC bought a new position in CNOOC Limited during the first quarter valued at approximately $147,000. SG Americas Securities LLC bought a new position in CNOOC Limited during the first quarter valued at approximately $150,000. PNC Financial Services Group Inc. boosted its position in 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 valued at $170,000 after buying an additional 63 shares during the last quarter. Finally, Assetmark Inc. boosted its position in CNOOC Limited by 6,961.9% in the first quarter. Assetmark Inc. now owns 1,483 shares of the oil and gas company’s stock valued at $178,000 after buying an additional 1,462 shares during the last quarter. 1.65% of the stock is owned by hedge funds and other 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.

Analyst Recommendations for CNOOC Limited (NYSE:CEO)

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