Latest Stocks: FY2019 Earnings Forecast for CNOOC Ltd Issued By Jefferies Group (CEO)

Latest Stocks: FY2019 Earnings Forecast for CNOOC Ltd Issued By Jefferies Group (CEO)

Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. raised shares of CNOOC from an “underweight” rating to a “neutral” rating in a research note on Thursday, March 23rd. Citigroup Inc raised shares of CNOOC from a “neutral” rating to a “buy” rating in a research note on Thursday, March 23rd. Macquarie raised shares of CNOOC from a “neutral” rating to an “outperform” rating in a research note on Thursday, March 23rd. Zacks Investment Research raised shares of CNOOC from a “sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. Finally, HSBC Holdings plc raised shares of CNOOC from a “reduce” rating to a “hold” rating in a research note on Friday, March 24th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. CNOOC currently has a consensus rating of “Buy”. Shares of CNOOC (NYSE:CEO) traded down 0.96% during trading on Wednesday, reaching $116.94. 74,269 shares of the company’s stock were exchanged. The company has a market capitalization of $52.21 billion, a PE ratio of 1169.40 and a beta of 0.98. The company has a 50 day moving average price of $117.79 and a 200-day moving average price of $122.89. CNOOC has a 52-week low of $112.32 and a 52-week high of $138.36.

CNOOC Ltd (NYSE:CEO) – Analysts at Jefferies Group upped their FY2019 EPS estimates for CNOOC in a research report issued to clients and investors on Monday. Jefferies Group analyst L. Yu now anticipates that the oil and gas company will post earnings per share of $22.43 for the year, up from their prior forecast of $22.00.

The company also recently declared a semiannual dividend, which will be paid on Tuesday, July 25th. Shareholders of record on Thursday, June 8th will be given a $2.961 dividend. The ex-dividend date of this dividend is Tuesday, June 6th. This is a positive change from CNOOC’s previous semiannual dividend of $1.55. This represents a yield of 4.95%. A number of institutional investors have recently added to or reduced their stakes in CEO. Saturna Capital CORP raised its position in CNOOC by 13.6% in the first quarter. Saturna Capital CORP now owns 5,340 shares of the oil and gas company’s stock worth $640,000 after buying an additional 640 shares during the period. AQR Capital Management LLC raised its position in CNOOC by 86.9% in the first quarter. AQR Capital Management LLC now owns 9,609 shares of the oil and gas company’s stock worth $1,151,000 after buying an additional 4,469 shares during the period. NS Partners Ltd raised its position in CNOOC by 14.6% in the first quarter. NS Partners Ltd now owns 12,609 shares of the oil and gas company’s stock worth $1,511,000 after buying an additional 1,610 shares during the period. Bank of America Corp DE raised its position in CNOOC by 7.7% in the first quarter. Bank of America Corp DE now owns 84,167 shares of the oil and gas company’s stock worth $10,083,000 after buying an additional 6,036 shares during the period. Finally, Oppenheimer Asset Management Inc. purchased a new position in CNOOC during the first quarter worth approximately $2,103,000. Hedge funds and other institutional investors own 4.70% of the company’s stock.

CNOOC Company Profile 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 through three segments.

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