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.

A number of analysts gave price targets for CEO. The most optimistic analyst gave a price target of 166.51, implying a possible profit of 48.47 percent. The minimum price target given was 97.37, which equates to a potential downside of -13.18 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is 0 percent. Meanwhile, fiscal year estimates have been revised downwards by -9.43 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of -21.61 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, which can be compared to the 0 analysts that decreased their estimates. Over the same time period, 0 analysts revised their FY earnings estimates upwards, compared to 2 analysts that revised their FY estimates downwards.

CEO has an estimated earnings growth rate of -93.62 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. People often look for the PEG ratio to be under 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. 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 below the high. CEO has a P/E 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.