CNOOC Limited (CEO) Getting Somewhat Favorable News Coverage, Study Finds
News stories about CNOOC Limited (NYSE:CEO) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CNOOC Limited earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned press coverage about the oil and gas company an impact score of 45.6044338825968 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
CNOOC Limited (CEO) traded down 1.23% during mid-day trading on Monday, hitting $110.65. 51,297 shares of the company traded hands. The company’s 50-day moving average is $111.13 and its 200-day moving average is $115.88. The stock has a market capitalization of $49.40 billion, a price-to-earnings ratio of 1106.50 and a beta of 0.76. CNOOC Limited has a one year low of $108.05 and a one year high of $138.36.
Several research firms recently issued reports on CEO. 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 report on Tuesday, August 8th. BidaskClub downgraded shares of CNOOC Limited from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Zacks Investment Research downgraded shares of CNOOC Limited from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 27th. J P Morgan Chase & Co raised shares of CNOOC Limited from a “neutral” rating to an “overweight” rating in a report on Wednesday, July 5th. Finally, HSBC Holdings plc raised shares of CNOOC Limited from a “hold” rating to a “buy” rating in a report on Monday, June 5th. Two equities research analysts have rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price 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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