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CNOOC Ltd (NYSE:CEO) has been upgraded from Hold to Buy in a statement by HSBC Securities earlier today.

HSBC Securities has upgraded CNOOC Ltd (NYSE:CEO) from Hold to Buy in a statement released on 6/5/2017.

Boasting a price of $114.52, CNOOC Ltd (NYSE:CEO) traded 0.29% higher on the day. With the last stock price close down 11.56% from the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the date range. CNOOC Ltd has recorded a 50-day average of $124.00 and a two hundred day average of $116.40. Volume of trade was down over the average, with 65,222 shares of CEO changing hands under the typical 126,298

Performance Chart

CNOOC Ltd (NYSE:CEO)

With a total market value of $0, CNOOC Ltd has PE ratio of 15.64 with a one year low of $108.05 and a one year high of $138.36 .

A total of 3 analysts have released a research note on CEO. 1 brokerage rating the stock a strong buy, 0 brokerages rating the stock a buy, 1 brokerage rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell with a average stock price target of $128.69.

Brief Synopsis On CNOOC Ltd (NYSE:CEO)

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. The Exploration and Production segment is engaged in the exploration, development and production of crude oil, natural gas and other petroleum products. The Trading segment is engaged in the trading of crude oil, natural gas and other petroleum products. The Corporate segment is engaged in corporate-related businesses. The Company mainly operates businesses in China, Canada, the United Kingdom, Nigeria, Indonesia and Brazil, among others.

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