NYSE:CEO

CNOOC Stock Forecast, Price & News

Top-Rated Dividend Stocks

$122.02

-1.99 (-1.60 %)

(As of 11/27/2020 12:00 AM ET)

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Today's Range

$121.64

Now: $122.02▼

$123.11

50-Day Range

$92.05

MA: $102.23▼

$124.01

52-Week Range

$81.11

Now: $122.02▼

$181.13

Volume53,444 shs

Average Volume152,008 shs

Market Capitalization$54.48 billion

P/E Ratio6.20

Dividend Yield3.71%

Beta1.17

CNOOC Limited, an investment holding company, explores for, develops, produces, and sells crude oil and natural gas in offshore China, Canada, the United States, the United Kingdom, Nigeria, Argentina, Indonesia, Uganda, Iraq, Brazil, Guyana, Russia, Australia, and internationally. The company operates through three segments: E&P, Trading Business, and Corporate. It produces offshore crude oil and natural gas primarily in Bohai, the Western South China Sea, the Eastern South China Sea, and the East China Sea in offshore China. The company also holds interests in various oil and gas assets in Asia, Africa, North America, South America, Oceania, and Europe. As of December 31, 2019, it had net proved reserves of approximately 5.18 billion barrels of oil equivalent. In addition, the company is involved in the issuance of bonds; sale and marketing of petroleum and natural gas; and surface exploration and sale of coalbed methane. 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^™

1.3 Analyst's Opinion

Consensus Rating
CNOOC has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 6 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $103.00, CNOOC has a forecasted downside of 15.6% from its current price of $122.02.
Amount of Analyst Coverage
CNOOC has only been the subject of 1 research reports in the past 90 days.

2.1 Community Rank

Outperform Votes
CNOOC has received 300 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
CNOOC has received 400 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
CNOOC has received 57.14% “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 Yield
CNOOC pays a meaningful dividend of 3.71%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
CNOOC does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of CNOOC is 23.37%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, CNOOC will have a dividend payout ratio of 39.52% next year. This indicates that CNOOC will be able to sustain or increase its 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 1.35% of the stock of CNOOC is held by institutions.

3.8 Earnings and Valuation

Earnings Growth
Earnings for CNOOC are expected to grow by 40.92% in the coming year, from $8.26 to $11.64 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of CNOOC is 6.20, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 21.85.
Price to Earnings Ratio vs. Sector
The P/E ratio of CNOOC is 6.20, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 19.07.
Price to Earnings Growth Ratio
CNOOC has a PEG Ratio of 2.22. 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 0.85. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.94 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

Employees18,703

Debt

Debt-to-Equity Ratio0.29

Current Ratio2.00

Quick Ratio1.93

Price-To-Earnings

Trailing P/E Ratio6.20

Forward P/E Ratio14.77

P/E Growth2.22

Sales & Book Value

Annual Sales$33.50 billion

Price / Sales1.63

Cash Flow$38.25 per share

Price / Cash Flow3.19

Book Value$144.21 per share

Price / Book0.85

Profitability

EPS (Most Recent Fiscal Year)N/A

Net IncomeN/A

Net MarginsN/A

Return on EquityN/A

Return on AssetsN/A

Miscellaneous

Outstanding Shares446,475,000

Market Cap$54.48 billion

Next Earnings DateN/A

OptionableOptionable

$122.02

-1.99 (-1.60 %)

(As of 11/27/2020 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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CNOOC (NYSE:CEO) Frequently Asked Questions

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

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. Since then, CEO stock has increased by 14.8% and is now trading at $122.02.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of CNOOC?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CNOOC in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for CNOOC.

What stocks does MarketBeat like better than CNOOC?

Wall Street analysts have given CNOOC a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but CNOOC wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

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

CNOOC declared a semi-annual dividend on Thursday, August 20th. Stockholders of record on Thursday, September 3rd will be paid a dividend of $2.5806 per share on Friday, October 23rd. This represents a dividend yield of 7.7%. The ex-dividend date of this dividend is Wednesday, September 2nd.
View CNOOC's dividend history.

What price target have analysts set for CEO?

9 equities research analysts have issued twelve-month price targets for CNOOC's stock. Their forecasts range from $103.00 to $103.00. On average, they expect CNOOC's stock price to reach $103.00 in the next twelve months. This suggests that the stock has a possible downside of 15.6%.
View analysts' price targets for CNOOC.

Who are some of CNOOC's key competitors?

Some companies that are related to CNOOC include (RDS.A) (RDS.A), Total (TOT), Petróleo Brasileiro S.A. - Petrobras (PBR), PETROLEO BRASIL/S (PBR.A), PetroChina (PTR), ENI (E), EOG Resources (EOG), The Hong Kong and China Gas (HOKCY), Canadian Natural Resources (CNQ), RWE Aktiengesellschaft (RWEOY), Ecopetrol (EC), Pioneer Natural Resources (PXD), Encana (ECA), Woodside Petroleum (WOPEY) and Occidental Petroleum (OXY).
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 Intel (INTC), International Business Machines (IBM), Cisco Systems (CSCO), Chevron (CVX), Johnson & Johnson (JNJ), QUALCOMM (QCOM), Exxon Mobil (XOM), Broadcom (AVGO), AT&T (T) and Pfizer (PFE).

Who are CNOOC's key executives?

CNOOC's management team includes the following people:

Mr. Keqiang Xu, CEO & Exec. Director (Age 49)
Mr. Guangjie Hu, Pres & Exec. Director (Age 47)
Mr. Weizhi Xie, Chief Financial Officer (Age 56)
Ms. Xiaonan Wu, Gen. Counsel, Compliance Officer & Joint Company Sec. (Age 53)
Ms. Jing Liu, Mang. of Media & PR
Mr. Xinjian Cao, Exec. VP (Age 54)
Mr. Qinglong Xia, Exec. VP (Age 56)
Ms. Sik Yu Tsue, Joint Company Sec. (Age 47)

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 a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (0.11%), Harding Loevner LP (0.11%), Arrowstreet Capital Limited Partnership (0.05%), Todd Asset Management LLC (0.04%), Victory Capital Management Inc. (0.03%) and Morgan Stanley (0.02%).

Which institutional investors are selling CNOOC stock?

CEO stock was sold by a variety of institutional investors in the last quarter, including Harding Loevner LP, Wells Fargo & Company MN, Arrowstreet Capital Limited Partnership, Pillar Pacific Capital Management LLC, Raymond James & Associates, O Shaughnessy Asset Management LLC, Thomas White International Ltd., and Sei Investments Co..

Which institutional investors are buying CNOOC stock?

CEO stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Crossmark Global Holdings Inc., Connor Clark & Lunn Investment Management Ltd., OLD Mission Capital LLC, Morgan Stanley, Aperio Group LLC, Nikko Asset Management Americas Inc., and ExodusPoint Capital Management LP.

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 $122.02.

How big of a company is CNOOC?

CNOOC has a market capitalization of $54.48 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 11/28/2020 by MarketBeat.com Staff

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