Favorable News Coverage Somewhat Unlikely to Affect CNOOC Limited (CEO) Share Price
Press coverage about CNOOC Limited (NYSE:CEO) has been trending positive this week, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CNOOC Limited earned a daily sentiment score of 0.28 on Accern’s scale. Accern also gave headlines about the oil and gas company an impact score of 46.6590669876991 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- CNOOC Limited (CEO) Raised to “Hold” at Zacks Investment Research (americanbankingnews.com)
- CNOOC Limited (CEO) Plans $2.56 Semiannual Dividend (americanbankingnews.com)
- Costs continue to improve with profits significantly increased (youroilandgasnews.com)
- CNOOC Limited (CEO) Upgraded at BidaskClub (americanbankingnews.com)
- Bullish Two Hundred Day Moving Average Cross – CEO (nasdaq.com)
CNOOC Limited (CEO) opened at 120.20 on Wednesday. The stock’s 50 day moving average is $112.29 and its 200 day moving average is $115.31. The company has a market cap of $53.67 billion, a P/E ratio of 14.84 and a beta of 0.76. CNOOC Limited has a 1-year low of $108.05 and a 1-year high of $138.36.
The company also recently disclosed a semiannual dividend, which will be paid on Thursday, October 19th. Shareholders of record on Thursday, September 7th will be paid a dividend of $2.5567 per share. This represents a yield of 4.23%. The ex-dividend date of this dividend is Wednesday, September 6th.
Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of CNOOC Limited from a “sell” rating to a “hold” rating in a research note on Tuesday. BidaskClub downgraded shares of CNOOC Limited from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th. Goldman Sachs Group, Inc. (The) raised shares of CNOOC Limited from a “neutral” rating to a “buy” rating and set a $131.00 price objective for the company in a research note on Tuesday, August 8th. J P Morgan Chase & Co raised shares of CNOOC Limited from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 5th. Finally, HSBC Holdings plc raised shares of CNOOC Limited from a “hold” rating to a “buy” rating in a research note on Monday, June 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $131.00.
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CNOOC Limited 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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