NYSE:CEOCNOOC Stock Price, Forecast & News

$112.69

-3.09 (-2.67 %)

(As of 05/25/2020 04:00 PM ET)

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Today's Range

$111.84

Now: $112.69▼

$113.03

50-Day Range

$100.93

MA: $110.52▼

$119.09

52-Week Range

$81.11

Now: $112.69▼

$181.13

Volume101,135 shs

Average Volume184,978 shs

Market Capitalization$50.31 billion

P/E Ratio5.73

Dividend Yield7.41%

Beta1.17

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. It also holds interests in various oil and gas assets in Asia, Africa, North America, South America, Oceania, and Europe. As of December 31, 2017, the company had net proved reserves of approximately 4.84 billion barrels-of-oil equivalent. In addition, it is involved in the issuance of bonds. The company was incorporated in 1999 and is based in Central, Hong Kong. CNOOC Limited is a subsidiary of China National Offshore Oil Corporation.

Beat the Market (BTM) Rank^™

2.2 Analyst's Opinion

Consensus Rating
CNOOC has received a consensus rating of Hold. The company's average rating score is 2.30, and is based on 4 buy ratings, 5 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $103.00, CNOOC has a potential downside of 8.6% from its current price of $112.69.
Amount of Analyst Coverage
CNOOC has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.1 Community Rank

Outperform Votes
CNOOC has received 294 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
CNOOC has received 396 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
CNOOC has received 57.39% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about CNOOC and other stocks. Vote “Outperform” if you believe CEO will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CEO will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Leadership
CNOOC is a leading dividend payer. It pays a dividend yield of 7.41%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
CNOOC has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of CNOOC is 42.43 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on EPS estimates, CNOOC will have a dividend payout ratio of 94.67 % in the coming year. This indicates that CNOOC may not be able to sustain their current dividend.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, CNOOC insiders have not sold or bought any company stock.
Percentage Held by Institutions
Only 3.04% of the stock of CNOOC is held by institutions.

3.8 Earnings and Valuation

Earnings Growth
Earnings for CNOOC are expected to grow by 172.22% in the coming year, from $3.24 to $8.82 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of CNOOC is 5.73, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 13.80.
Price to Earnings Ratio vs. Sector
The P/E ratio of CNOOC is 5.73, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 9.37.
Price to Earnings Growth Ratio
CNOOC has a PEG Ratio of 5.23. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
CNOOC has a P/B Ratio of 0.78. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.10 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Crude petroleum & natural gas

Sub-IndustryN/A

SectorOils/Energy

Current SymbolNYSE:CEO

Previous Symbol

CUSIPN/A

CIK1095595

Webwww.cnoocltd.com

Phone852-2213-2500

Debt

Debt-to-Equity Ratio0.32

Current Ratio2.26

Quick Ratio2.19

Price-To-Earnings

Trailing P/E Ratio5.73

Forward P/E Ratio34.78

P/E Growth5.23

Sales & Book Value

Annual Sales$33.50 billion

Price / Sales1.50

Cash Flow$38.20 per share

Price / Cash Flow2.95

Book Value$144.21 per share

Price / Book0.78

Profitability

EPS (Most Recent Fiscal Year)N/A

Net IncomeN/A

Net MarginsN/A

Return on EquityN/A

Return on AssetsN/A

Miscellaneous

Employees18,703

Outstanding Shares446,475,000

Market Cap$50.31 billion

Next Earnings DateN/A

OptionableOptionable

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CNOOC (NYSE:CEO) Frequently Asked Questions

How has CNOOC's stock been impacted by COVID-19 (Coronavirus)?

CNOOC's stock was trading at $106.27 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CEO stock has increased by 6.0% and is now trading at $112.69. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of CNOOC?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CNOOC in the last year. There are currently 1 sell rating, 5 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for CNOOC.

How often does CNOOC pay dividends? What is the dividend yield for CNOOC?

CNOOC declared a semi-annual dividend on Thursday, March 26th. Shareholders of record on Thursday, June 4th will be given a dividend of $5.804 per share on Friday, July 17th. This represents a dividend yield of 8.4%. The ex-dividend date is Wednesday, June 3rd. View CNOOC's dividend history.

What price target have analysts set for CEO?

10 analysts have issued twelve-month price objectives for CNOOC's stock. Their forecasts range from $103.00 to $103.00. On average, they anticipate CNOOC's share price to reach $103.00 in the next year. This suggests that the stock has a possible downside of 8.6%. View analysts' price targets for CNOOC.

Has CNOOC been receiving favorable news coverage?

Media coverage about CEO stock has trended very positive recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. CNOOC earned a news impact score of 4.0 on InfoTrie's scale. They also assigned headlines about the oil and gas company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the next few days. View the latest news aboutCNOOC.

Who are some of CNOOC's key competitors?

Some companies that are related to CNOOC include Royal Dutch Shell (RDS.A), Total (TOT), PetroChina (PTR), PETROLEO BRASIL/ADR (PBR), PETROLEO BRASIL/S (PBR.A), ENI (E), EOG Resources (EOG), The Hong Kong and China Gas (HOKCY), Ecopetrol (EC), Canadian Natural Resources (CNQ), Rwe Ag Sp (RWEOY), Pioneer Natural Resources (PXD), WOODSIDE PET LT/ADR (WOPEY), Occidental Petroleum (OXY) and Concho Resources (CXO). View all competitors.

What other stocks do shareholders of CNOOC own?

Based on aggregate information from My MarketBeat watchlists, some companies that other CNOOC investors own include Chevron (CVX), Intel (INTC), IBM (IBM), Johnson & Johnson (JNJ), Exxon Mobil (XOM), Cisco Systems (CSCO), Broadcom (AVGO), Bank of America (BAC), JPMorgan Chase & Co. (JPM) and Coca-Cola (KO).

Who are CNOOC's key executives?

CNOOC's management team includes the following people:

Mr. Guangyu Yuan, Chief Exec. Officer & Exec. Director (Age 60)
Mr. Keqiang Xu, Exec. Director (Age 48)
Mr. Dongjin Wang, Vice Chairman & Pres (Age 57)
Mr. Weizhi Xie, Chief Financial Officer (Age 55)
Ms. Xiaonan Wu, Gen. Counsel, Compliance Officer & Joint Company Sec. (Age 52)

What is CNOOC's stock symbol?

CNOOC trades on the New York Stock Exchange (NYSE) under the ticker symbol "CEO."

Who are CNOOC's major shareholders?

CNOOC's stock is owned by many different retail and institutional investors. Top institutional shareholders include River & Mercantile Asset Management LLP (1.03%), Wellington Management Group LLP (0.20%), Russell Investments Group Ltd. (0.05%), BlackRock Inc. (0.04%), Todd Asset Management LLC (0.04%) and Morgan Stanley (0.04%).

Which institutional investors are selling CNOOC stock?

CEO stock was sold by a variety of institutional investors in the last quarter, including Pendal Group Ltd, BlackRock Inc., Russell Investments Group Ltd., Bessemer Group Inc., Aperio Group LLC, Maverick Capital Ltd., Maverick Capital Ltd., and UBS Group AG.

Which institutional investors are buying CNOOC stock?

CEO stock was bought by a variety of institutional investors in the last quarter, including River & Mercantile Asset Management LLP, Morgan Stanley, Clearbridge Investments LLC, Wells Fargo & Company MN, Thomas White International Ltd., Jane Street Group LLC, BNP Paribas Arbitrage SA, and Virtus ETF Advisers LLC.

How do I buy shares of CNOOC?

Shares of CEO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is CNOOC's stock price today?

One share of CEO stock can currently be purchased for approximately $112.69.

How big of a company is CNOOC?

CNOOC has a market capitalization of $50.31 billion and generates $33.50 billion in revenue each year. The oil and gas company earns $8.77 billion in net income (profit) each year or $19.68 on an earnings per share basis. CNOOC employs 18,703 workers across the globe.

What is CNOOC's official website?

The official website for CNOOC is www.cnoocltd.com.

How can I contact CNOOC?

CNOOC's mailing address is 65TH FLOOR BANK OF CHINA TOWER 1 GARDEN RD, HONG KONG F4, . The oil and gas company can be reached via phone at 852-2213-2500 or via email at [email protected]

This page was last updated on 5/25/2020 by MarketBeat.com Staff