NC2B Stock Chart & Stats
€2.18
€0.00(0.00%)
At close: 4:00 PM EST
€2.18
€0.00(0.00%)
Day’s Range― - ―
52-Week Range€2.18 - €2.20
Previous CloseN/A
Volume0.00
Average Volume (3M)0.00
Market Cap
€119.28B
Enterprise Value€926.89B
Total Cash (Recent Filing)€240.80B
Total Debt (Recent Filing)€69.83B
Price to Earnings (P/E)7.3
Beta-0.04
Next Earnings
Aug 31, 2026EPS Estimate
0.14Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)2.55
Shares Outstanding44,539,953,000
10 Day Avg. Volume0
30 Day Avg. Volume0
Financial Highlights & Ratios
PEG Ratio-0.65
Price to Book (P/B)1.13
Price to Sales (P/S)2.28
P/FCF Ratio9.38
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€3.73Price Target Upside71.31% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
EPS Forecast (FY)0.39
Revenue Forecast (FY)€54.64B
Bulls Say, Bears Say
Bulls Say
Low Leverage, Strong Balance SheetVery low and improving leverage provides durable financial flexibility. With a materially larger equity cushion, the company can fund capex, sustain dividends, and withstand commodity downturns without forcing distress sales or large equity raises, supporting long-term operational stability.
Robust Cash GenerationConsistently large operating cash flows and sizeable free cash flow underpin the company's ability to self-finance development, pay steady dividends, and invest in prioritized projects. Coverage metrics (>1.7x to ~2.25x) show durable ability to cover obligations across cycles.
High Profitability And MarginsSustained strong margins and healthy ROE reflect advantaged offshore assets and operational scale. This margin durability generates surplus cash for reinvestment and returns, and provides a buffer against volume or price fluctuations relative to lower-margin peers.
Bears Say
Revenue And Earnings ModerationA step-down in revenue and softer earnings point to exposure to weaker market conditions or production changes. Persisting top-line moderation can reduce free cash flow growth, limit investment optionality, and pressure payout policies if sustained over several quarters.
Moderate Free Cash Flow ConversionOnly ~47% conversion of net income to free cash flow suggests material reinvestment needs or working-capital volatility. Over time this can constrain the portion of earnings available for dividends, buybacks, or debt paydown compared with peers with higher conversion rates.
Commodity Price Sensitivity / CyclicalityAs an upstream E&P operator, earnings and cash flows are structurally exposed to oil and gas price swings. This cyclicality reduces predictability of capital allocation and returns, and can force pro-cyclical capex or distribution changes in sustained low-price environments.
CNOOC Limited News
NC2B FAQ
What was CNOOC Limited’s price range in the past 12 months?
CNOOC Limited lowest stock price was €2.18 and its highest was €2.20 in the past 12 months.
What is CNOOC Limited’s market cap?
CNOOC Limited’s market cap is €119.28B.
When is CNOOC Limited’s upcoming earnings report date?
CNOOC Limited’s upcoming earnings report date is Aug 31, 2026 which is in 50 days.
How were CNOOC Limited’s earnings last quarter?
CNOOC Limited released its earnings results on Apr 28, 2026. The company reported €0.106 earnings per share for the quarter, missing the consensus estimate of €0.109 by -€0.003.
Is CNOOC Limited overvalued?
According to Wall Street analysts CNOOC Limited’s price is currently Undervalued.
Does CNOOC Limited pay dividends?
CNOOC Limited does not currently pay dividends.
What is CNOOC Limited’s EPS estimate?
CNOOC Limited’s EPS estimate is 0.14.
How many shares outstanding does CNOOC Limited have?
CNOOC Limited has 44,539,953,000 shares outstanding.
What happened to CNOOC Limited’s price movement after its last earnings report?
CNOOC Limited reported an EPS of €0.106 in its last earnings report, missing expectations of €0.109. Following the earnings report the stock price went same 0%.
Which hedge fund is a major shareholder of CNOOC Limited?
Currently, no hedge funds are holding shares in DE:NC2B
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
CNOOC Limited Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Technicals
SMA
Positive
20 days / 200 days
Momentum
-0.90%
12-Months-Change
Fundamentals
Return on Equity
15.25%
Trailing 12-Months
Asset Growth
-4.22%
Trailing 12-Months
Company Description
CNOOC Limited
CNOOC Limited functions as an investment holding company, with its core business encompassing the full lifecycle of crude oil and natural gas, from exploration and development to production and sales. Its activities are organized across three primary segments: Exploration & Production (E&P), Trading, and Corporate functions. The company primarily extracts offshore crude oil and natural gas from Chinese waters, specifically in the Bohai Sea, Western South China Sea, Eastern South China Sea, and East China Sea regions. Furthermore, CNOOC Limited maintains interests in various oil and gas assets distributed across Asia, Africa, North America, South America, Oceania, and Europe. As of December 31, 2021, its net proved reserves were approximately 5.73 billion barrels of oil equivalent. Beyond its primary operations, the company also participates in bond issuance, the marketing and sale of petroleum and natural gas, and the surface exploration and commercialization of coalbed methane. With a global presence, CNOOC Limited conducts operations in countries such as China, Canada, the United States, the United Kingdom, Nigeria, Argentina, Indonesia, Uganda, Iraq, Brazil, Guyana, Russia, and Australia, alongside other international ventures. Founded in 1999 and headquartered in Central, Hong Kong, CNOOC Limited functions as a subsidiary of China National Offshore Oil Corporation.
NC2B Stock 12 Month Forecast
Average Price Target
€3.73
▲(71.31% Upside)
Technical Analysis
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Options Prices
Currently, No data available
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