CNOOC (NYSE:CEO) was downgraded by equities research analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research note issued on Tuesday, Marketbeat reports.

CEO has been the subject of a number of other reports. Macquarie downgraded CNOOC from an “outperform” rating to a “neutral” rating in a report on Tuesday, January 9th. CLSA raised CNOOC from a “sell” rating to an “outperform” rating in a report on Friday, September 29th. Zacks Investment Research raised CNOOC from a “hold” rating to a “strong-buy” rating and set a $154.00 price target for the company in a report on Tuesday, October 31st. Nomura began coverage on CNOOC in a report on Thursday, December 7th. They issued a “top pick” rating and a $13.64 price target for the company. Finally, Bank of America raised CNOOC from a “neutral” rating to a “buy” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. CNOOC has a consensus rating of “Buy” and a consensus target price of $99.55.

Shares of CNOOC (NYSE:CEO) traded up $0.61 on Tuesday, reaching $158.90. The company had a trading volume of 148,000 shares, compared to its average volume of 139,473. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.82 and a quick ratio of 1.71. The firm has a market capitalization of $69,860.00, a P/E ratio of 18.54, a price-to-earnings-growth ratio of 1.28 and a beta of 0.80. CNOOC has a 52-week low of $108.05 and a 52-week high of $161.35.

Hedge funds and other institutional investors have recently modified their holdings of the business. Oaktree Capital Management LP lifted its stake in CNOOC by 5.0% in the third quarter. Oaktree Capital Management LP now owns 223,071 shares of the oil and gas company’s stock valued at $28,932,000 after buying an additional 10,646 shares during the last quarter. Stevens Capital Management LP purchased a new stake in CNOOC in the third quarter valued at approximately $736,000. First Trust Advisors LP lifted its stake in CNOOC by 16.9% in the third quarter. First Trust Advisors LP now owns 54,176 shares of the oil and gas company’s stock valued at $7,027,000 after buying an additional 7,851 shares during the last quarter. NorthCoast Asset Management LLC lifted its stake in CNOOC by 15.5% in the third quarter. NorthCoast Asset Management LLC now owns 16,601 shares of the oil and gas company’s stock valued at $2,153,000 after buying an additional 2,225 shares during the last quarter. Finally, OxFORD Asset Management LLP purchased a new stake in CNOOC in the third quarter valued at approximately $2,271,000. 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.

Analyst Recommendations for CNOOC (NYSE:CEO)

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