CNOOC Ltd (CEO) Receives Average Rating of “Buy” from Brokerages
CNOOC Ltd (NYSE:CEO) has been given a consensus recommendation of “Buy” by the eight analysts that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $13.64.
Separately, Zacks Investment Research lowered CNOOC from a “hold” rating to a “sell” rating in a research note on Monday, August 13th.
Hedge funds and other institutional investors have recently modified their holdings of the business. Icon Wealth Partners LLC acquired a new stake in CNOOC during the 2nd quarter valued at approximately $100,000. Signaturefd LLC acquired a new stake in CNOOC during the 1st quarter valued at approximately $107,000. Fiera Capital Corp acquired a new stake in CNOOC during the 2nd quarter valued at approximately $211,000. Greenleaf Trust acquired a new stake in CNOOC during the 2nd quarter valued at approximately $214,000. Finally, Vicus Capital acquired a new stake in CNOOC during the 2nd quarter valued at approximately $219,000. Hedge funds and other institutional investors own 1.94% of the company’s stock.
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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