Brokerages Set CNOOC Ltd (CEO) PT at $202.00

CNOOC Ltd (NYSE:CEO) has received an average rating of “Buy” from the five analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $202.00.

A number of analysts have recently issued reports on CEO shares. Goldman Sachs Group lowered CNOOC from a “conviction-buy” rating to a “buy” rating in a research report on Tuesday, February 19th. JPMorgan Chase & Co. raised CNOOC to a “buy” rating in a research report on Thursday, December 20th. Finally, Zacks Investment Research raised CNOOC from a “sell” rating to a “hold” rating in a research report on Friday, January 18th.

Shares of CEO opened at $175.51 on Thursday. The stock has a market cap of $78.36 billion, a price-to-earnings ratio of 10.29, a P/E/G ratio of 0.44 and a beta of 1.08. CNOOC has a 12 month low of $138.99 and a 12 month high of $202.38. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.52 and a current ratio of 2.63.

The firm also recently announced a semiannual dividend, which will be paid on Wednesday, July 17th. Stockholders of record on Wednesday, June 5th will be given a dividend of $5.0955 per share. This represents a dividend yield of 5.81%. This is a positive change from CNOOC’s previous semiannual dividend of $3.82. The ex-dividend date is Tuesday, June 4th. CNOOC’s payout ratio is presently 40.15%.

Several hedge funds and other institutional investors have recently made changes to their positions in CEO. BlackRock Inc. increased its position in shares of CNOOC by 1,327.8% during the third quarter. BlackRock Inc. now owns 165,159 shares of the oil and gas company’s stock worth $32,625,000 after acquiring an additional 153,592 shares during the last quarter. Hsbc Holdings PLC increased its holdings in CNOOC by 428.1% in the third quarter. Hsbc Holdings PLC now owns 173,957 shares of the oil and gas company’s stock valued at $34,363,000 after buying an additional 141,017 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in CNOOC in the second quarter valued at about $16,847,000. LMR Partners LLP bought a new stake in CNOOC in the fourth quarter valued at about $9,773,000. Finally, Westpac Banking Corp bought a new stake in CNOOC in the fourth quarter valued at about $9,411,000. 1.88% of the stock is currently owned by institutional investors and hedge funds.

About CNOOC

CNOOC Limited, an investment holding company, explores for, develops, produces, and sells crude oil, natural gas, and other petroleum products. It operates through Exploration and Production, and Trading Business segments. The company produces offshore crude oil and natural gas primarily in Bohai, Western South China Sea, Eastern South China Sea, and East China Sea in offshore China.

Recommended Story: Is a Roth IRA right for you?

Receive News & Ratings for CNOOC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNOOC and related companies with MarketBeat.com's FREE daily email newsletter.