CNOOC Ltd (NYSE:CEO) has been given a consensus recommendation of “Buy” by the eleven brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $72.32.

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. cut shares of CNOOC from an “overweight” rating to a “neutral” rating in a report on Tuesday, January 16th. Bank of America raised shares of CNOOC from a “neutral” rating to a “buy” rating in a report on Tuesday, January 16th. UBS Group cut shares of CNOOC from a “buy” rating to a “neutral” rating in a report on Wednesday, January 17th. Zacks Investment Research cut shares of CNOOC from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Finally, Macquarie cut shares of CNOOC from an “outperform” rating to a “neutral” rating in a report on Tuesday, January 9th.

Institutional investors have recently added to or reduced their stakes in the business. FNY Managed Accounts LLC bought a new position in CNOOC in the 3rd quarter valued at about $124,000. Acadian Asset Management LLC acquired a new position in shares of CNOOC during the 4th quarter worth approximately $160,000. Eagle Asset Management Inc. acquired a new position in shares of CNOOC during the 4th quarter worth approximately $203,000. Amundi Pioneer Asset Management Inc. acquired a new position in shares of CNOOC during the 4th quarter worth approximately $215,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in shares of CNOOC during the 3rd quarter worth approximately $210,000. 1.67% of the stock is currently owned by hedge funds and other institutional investors.

CNOOC (CEO) traded up $4.32 during trading on Friday, reaching $145.14. 191,048 shares of the company’s stock traded hands, compared to its average volume of 160,259. The company has a current ratio of 1.82, a quick ratio of 1.71 and a debt-to-equity ratio of 0.32. CNOOC has a 52-week low of $108.05 and a 52-week high of $166.23.

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About CNOOC

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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