JPMorgan Chase & Co. Lowers CNOOC (CEO) to Neutral
JPMorgan Chase & Co. downgraded shares of CNOOC (NYSE:CEO) from an overweight rating to a neutral rating in a research report sent to investors on Tuesday, MarketBeat Ratings reports.
Several other brokerages also recently weighed in on CEO. Bank of America upgraded shares of CNOOC from a neutral rating to a buy rating in a research note on Tuesday. Zacks Investment Research downgraded shares of CNOOC from a buy rating to a hold rating in a research note on Thursday, January 11th. Nomura started coverage on shares of CNOOC in a research note on Thursday, December 7th. They issued a top pick rating and a $13.64 target price for the company. CLSA upgraded shares of CNOOC from a sell rating to an outperform rating in a research note on Friday, September 29th. Finally, Macquarie downgraded shares of CNOOC from an outperform rating to a neutral rating in a research note on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $99.55.
Shares of CNOOC (CEO) traded down $1.10 on Tuesday, reaching $156.36. 82,671 shares of the company’s stock traded hands, compared to its average volume of 95,153. CNOOC has a 52 week low of $108.05 and a 52 week high of $161.35. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.82 and a quick ratio of 1.71.
ILLEGAL ACTIVITY NOTICE: This piece was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another site, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be read at https://www.thecerbatgem.com/2018/01/20/jpmorgan-chase-co-lowers-cnooc-ceo-to-neutral.html.
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.
Receive News & Ratings for CNOOC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNOOC and related companies with MarketBeat.com's FREE daily email newsletter.