JPMorgan Chase & Co. Downgrades CNOOC (CEO) to Neutral
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.
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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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