CNOOC Ltd (NYSE:CEO) has received an average rating of “Buy” from the six research firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $113.82.

Several analysts have commented on CEO shares. Macquarie downgraded CNOOC from an “outperform” rating to a “neutral” rating in a research note on Friday, September 28th. Zacks Investment Research upgraded CNOOC from a “hold” rating to a “buy” rating and set a $214.00 target price on the stock in a research note on Wednesday, October 17th. Finally, UBS Group downgraded CNOOC from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 3rd.

Institutional investors and hedge funds have recently modified their holdings of the business. Icon Wealth Partners LLC purchased a new stake in CNOOC during the 2nd quarter valued at $100,000. We Are One Seven LLC purchased a new stake in CNOOC during the 3rd quarter valued at $219,000. Fiera Capital Corp purchased a new stake in CNOOC during the 2nd quarter valued at $211,000. Greenleaf Trust purchased a new stake in CNOOC during the 2nd quarter valued at $214,000. Finally, Vicus Capital purchased a new stake in CNOOC during the 2nd quarter valued at $219,000. Institutional investors and hedge funds own 1.81% of the company’s stock.

Shares of CEO opened at $171.38 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.52 and a current ratio of 2.63. CNOOC has a 12 month low of $132.62 and a 12 month high of $202.38.

The firm also recently announced a semiannual dividend, which was paid on Tuesday, October 23rd. Shareholders of record on Thursday, September 6th were paid a dividend of $3.8217 per share. The ex-dividend date was Wednesday, September 5th. This represents a yield of 4.38%. CNOOC’s dividend payout ratio is 73.66%.

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.

Further Reading: Understanding Price to Earnings Ratio (PE)

Analyst Recommendations for CNOOC (NYSE:CEO)

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