News stories about CNOOC (NYSE:CEO) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CNOOC earned a news sentiment score of 0.00 on Accern’s scale. Accern also assigned news headlines about the oil and gas company an impact score of 44.424700086679 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of CNOOC (CEO) traded down $3.26 during mid-day trading on Tuesday, hitting $142.81. The stock had a trading volume of 139,377 shares, compared to its average volume of 155,394. The stock has a market cap of $64,600.00, a P/E ratio of 16.40, a price-to-earnings-growth ratio of 1.11 and a beta of 1.00. CNOOC has a fifty-two week low of $108.05 and a fifty-two week high of $166.23. The company has a current ratio of 1.82, a quick ratio of 1.71 and a debt-to-equity ratio of 0.32.
Several research firms have commented on CEO. Macquarie downgraded CNOOC from an “outperform” rating to a “neutral” rating in a research note on Tuesday, January 9th. JPMorgan Chase & Co. downgraded CNOOC from an “overweight” rating to a “neutral” rating in a research note on Tuesday, January 16th. UBS Group raised CNOOC from a “neutral” rating to a “buy” rating in a research note on Monday, March 5th. Nomura began coverage on CNOOC in a research note on Thursday, December 7th. They set a “top pick” rating and a $13.64 price objective for the company. Finally, Zacks Investment Research downgraded CNOOC from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. CNOOC presently has an average rating of “Buy” and an average price target of $104.21.
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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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