Analyst Ratings for CNOOC Ltd. ADR (CEO)

Updated: 2017-07-27

An average rating of Overweight has been given to CNOOC Ltd. ADR (NYSE:CEO) by analysts covering the stock. About 30 days ago, CEO was issued an average rating of Overweight.

Of the 23 analysts covering the stock, 13 gave it a buy rating, 5 gave an overweight rating, 3 issued a hold rating, 1 issued an underweight rating, and 1 issued a sell rating. Today, there are 1 more analysts optimistic about the company future as compared with 90 days ago. Meanwhile, the number of analysts pessimistic about the company has increased by 1.

Several price targets were given for CEO by the analysts covering the stock. The maximum price target given was 166.51, which equates to a potential upside of 48.47 percent. The most pessimistic analyst gave a price target of 97.37, implying potential capital losses of -13.18 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 0 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -9.43 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -21.61 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts made negative revisions. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 2 analysts decreased their estimates.

CEO has an estimated earnings growth rate of -93.62 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of CEO is -0.01.

CEO has traded between a high of 138.36 and a low of 108.05 over the past year. Today's price is 3.79 percent above the 52-week low, and 18.94 percent lower than its 52-week high. CEO has a price/earnings ratio of 1. Investors typically compare the P/E ratio to a company's peers in the industry. The CEO value stock report compares CEO to some of its peers using value stock charts. The stock has a market capitalization of $50.13 billion. CEO's next earnings release will be on 0000-00-00, which is days away.