CNOOC Ltd (NYSE:CEO) reached a new 52-week high during trading on Tuesday . The company traded as high as $147.15 and last traded at $143.56, with a volume of 42800 shares changing hands. The stock had previously closed at $144.51.

CEO has been the subject of a number of recent analyst reports. Nomura initiated coverage on CNOOC in a report on Thursday, December 7th. They issued a “top pick” rating and a $13.64 price objective for the company. Zacks Investment Research upgraded CNOOC from a “hold” rating to a “strong-buy” rating and set a $154.00 price objective for the company in a report on Tuesday, October 31st. Finally, CLSA upgraded CNOOC from a “sell” rating to an “outperform” rating in a report on Friday, September 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $99.55.

The stock has a market cap of $67,850.00, a price-to-earnings ratio of 17.87 and a beta of 0.80. The company has a quick ratio of 1.71, a current ratio of 1.82 and a debt-to-equity ratio of 0.32.

Several institutional investors have recently made changes to their positions in CEO. FNY Managed Accounts LLC bought a new stake in shares of CNOOC in the third quarter worth about $124,000. BNP Paribas Arbitrage SA increased its holdings in shares of CNOOC by 33.5% in the second quarter. BNP Paribas Arbitrage SA now owns 1,192 shares of the oil and gas company’s stock worth $130,000 after acquiring an additional 299 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in shares of CNOOC in the third quarter worth about $210,000. Private Advisor Group LLC bought a new stake in shares of CNOOC in the third quarter worth about $220,000. Finally, Sterling Capital Management LLC bought a new stake in shares of CNOOC in the third quarter worth about $228,000. Institutional investors own 1.64% of the company’s stock.

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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.

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