UBS Group lowered shares of CNOOC (NYSE:CEO) from a buy rating to a neutral rating in a research report sent to investors on Wednesday, The Fly reports.
A number of other equities research analysts have also issued reports on CEO. Bank of America raised CNOOC from a neutral rating to a buy rating in a research report on Tuesday, January 16th. JPMorgan Chase & Co. lowered CNOOC from an overweight rating to a neutral rating in a research report on Tuesday, January 16th. Zacks Investment Research lowered CNOOC from a buy rating to a hold rating in a research report on Thursday, January 11th. Macquarie lowered CNOOC from an outperform rating to a neutral rating in a research report on Tuesday, January 9th. Finally, CLSA raised CNOOC from a sell rating to an outperform rating in a research report on Friday, September 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $99.55.
Shares of CNOOC (NYSE:CEO) traded down $1.10 during trading on Wednesday, hitting $156.36. The stock had a trading volume of 82,671 shares, compared to its average volume of 95,153. 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 12 month low of $108.05 and a 12 month high of $161.35.
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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