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CNOOC Limited (0883) Stock Price & Analysis

105 Followers

0883 Stock Chart & Stats

HK$23.28-HK$0.50(-2.10%)
At close: 4:00 PM GMT+8
HK$23HK$24HK$25Aug 10Aug 24Sep 7Sep 21Oct 5Oct 20Nov 2
Day’s Range
HKD 22.56 - HKD 23.28
52-Week Range
HKD 19.92 - HKD 30.98
Previous Close
HKD 23.78
Volume
N/A
Average Volume (3M)
73.47M
Market Cap
HKD 1.17T
Enterprise Value
HKD 670.32B
Total Cash (Recent Filing)
HKD 326.21B
Total Debt (Recent Filing)
HKD 68.08B
Price to Earnings (P/E)
6.9
Beta
0.54
Next Earnings
Apr 01, 2027 (Est.)
EPS Estimate
1.02
Last Dividend Ex-Date
Sep 10, 2026
Dividend Yield
6.40%

Bulls Say, Bears Say

Bulls Say

Conservative Balance Sheet

CNOOC’s very low and declining leverage provides a durable financial cushion for an upstream business exposed to commodity cycles. The larger equity base and limited debt burden should preserve flexibility to fund projects, sustain operations, and withstand weaker market conditions.

Strong Cash Generation

Consistently substantial operating cash flow demonstrates that CNOOC’s producing asset base converts operations into meaningful funding. Strong obligation coverage and sizable free cash flow support reinvestment and capital allocation while reducing reliance on external financing.

High Profitability

High gross and operating margins indicate a profitable upstream portfolio with meaningful earnings capacity at the operating level. Robust 2025 net income provides an earnings base that can support ongoing field development and help absorb normal industry volatility.

Bears Say

Revenue Cyclicality

The recent revenue contraction and limited growth across prior years show that CNOOC’s top line remains sensitive to commodity prices and production conditions. This cyclicality can make earnings less predictable and may constrain sustained growth even when the underlying assets remain productive.

Moderate Free-Cash-Flow Conversion

Although absolute cash generation is strong, converting only about half of net income into free cash flow limits the cash available after accounting for operating and investment needs. Continued reinvestment requirements or working-capital swings could reduce flexibility for shareholder returns.

Moderating Returns

The decline in return on equity indicates that profitability has moderated from its stronger recent levels, even though the balance sheet remains sound. Lower returns can signal less efficient earnings generation from the expanding equity base and reduce the pace of compounding.

CNOOC Limited News

0883 FAQ

What was CNOOC Limited’s price range in the past 12 months?
CNOOC Limited lowest stock price was HK$19.92 and its highest was HK$30.98 in the past 12 months.
What is CNOOC Limited’s market cap?
CNOOC Limited’s market cap is HK$1.17T.
When is CNOOC Limited’s upcoming earnings report date?
CNOOC Limited’s next earnings report is estimated for Apr 01, 2027 (not yet confirmed), which is in 146 days.
How were CNOOC Limited’s earnings last quarter?
CNOOC Limited released its earnings results on Oct 30, 2026. The company reported HK$0.823 earnings per share for the quarter, missing the consensus estimate of HK$1.088 by -HK$0.265.
Is CNOOC Limited overvalued?
According to Wall Street analysts CNOOC Limited’s price is currently Undervalued.
Does CNOOC Limited pay dividends?
CNOOC Limited pays a Semiannually dividend of HK$0.94 which represents an annual dividend yield of 6.4%. See more information on CNOOC Limited dividends here
What is CNOOC Limited’s EPS estimate?
CNOOC Limited’s EPS estimate is 1.02.
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 HK$0.823 in its last earnings report, missing expectations of HK$1.088. Following the earnings report the stock price went up 2.917%.
Which hedge fund is a major shareholder of CNOOC Limited?
Currently, no hedge funds are holding shares in HK:0883
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