JPMorgan Chase & Co. Downgrades CNOOC (CEO) to Neutral
A number of other research analysts have also weighed in on the company. Zacks Investment Research lowered CNOOC from a “buy” rating to a “hold” rating in a report on Wednesday, November 21st. Goldman Sachs Group lowered CNOOC from a “conviction-buy” rating to a “buy” rating in a report on Tuesday, February 19th. Finally, UBS Group upgraded CNOOC from a “neutral” rating to a “buy” rating in a report on Friday, November 16th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $214.00.
Shares of NYSE:CEO opened at $174.64 on Friday. CNOOC has a 1 year low of $138.99 and a 1 year high of $202.38. The company has a market cap of $77.23 billion, a PE ratio of 18.78, a price-to-earnings-growth ratio of 0.43 and a beta of 1.08. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.52 and a current ratio of 2.63.
CNOOC Limited, an investment holding company, explores for, develops, produces, and sells crude oil, natural gas, and other petroleum products. It operates through Exploration and Production, and Trading Business segments. The company produces offshore crude oil and natural gas primarily in Bohai, Western South China Sea, Eastern South China Sea, and East China Sea in offshore China.
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