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0883 Stock Chart & Stats
HK$24.92
-HK$0.46(-1.98%)
At close: 4:00 PM EDT
HK$24.92
-HK$0.46(-1.98%)
Day’s Range― - ―
52-Week RangeHK$18.42 - HK$30.98
Previous CloseN/A
Volume27.69M
Average Volume (3M)57.86M
Market Cap
HK$1.20T
Enterprise ValueHK$670.32K
Total Cash (Recent Filing)HK$326.21B
Total Debt (Recent Filing)HK$68.08B
Price to Earnings (P/E)7.1
Beta0.55
Next Earnings
Oct 22, 2026EPS Estimate
0.99Next Dividend Ex-DateN/A
Dividend Yield6.24%
Share Statistics
EPS (TTM)2.87
Shares Outstanding44,539,953,000
10 Day Avg. Volume65,869,807
30 Day Avg. Volume57,858,722
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
HK$31.06Price Target Upside24.63% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
EPS Forecast (FY)3.47
Revenue Forecast (FY)HK$481.98B
Bulls Say, Bears Say
Bulls Say
Conservative Balance SheetCNOOC’s very low and declining leverage provides a substantial equity cushion and preserves financial flexibility. This should support continued investment in offshore assets, help absorb commodity-cycle volatility, and reduce balance-sheet risk over the next several quarters.
Strong Cash GenerationSustained operating cash flow and sizable free cash flow demonstrate that the upstream portfolio generates meaningful internal funding. Strong obligation coverage gives CNOOC capacity to maintain projects, manage capital needs, and support shareholder returns without relying heavily on additional debt.
High ProfitabilityHigh margins and robust net income indicate strong earnings power within CNOOC’s operating model. This profitability can provide resilience through normal cost and commodity fluctuations, while creating resources for exploration, development, and production growth across its asset base.
Bears Say
Recent Revenue ContractionThe recent revenue decline and softer earnings show that CNOOC’s financial performance is not consistently expanding despite strong absolute profitability. A prolonged period of muted top-line growth could limit operating leverage and reduce the pace at which earnings and cash generation compound.
Commodity-cycle ExposureBecause CNOOC primarily produces and sells crude oil and natural gas, earnings remain exposed to commodity-price cycles and production conditions. This can make revenue, margins, and cash flow less predictable over a 2–6 month horizon even when the balance sheet remains strong.
Moderate Free-cash-flow ConversionAlthough absolute free cash flow is sizable, converting only about 47% of net income into free cash flow indicates that substantial resources remain tied to reinvestment or working-capital movements. This may constrain discretionary capital allocation and make reported profits less immediately distributable.
CNOOC Limited News
0883 FAQ
What was CNOOC Limited’s price range in the past 12 months?
CNOOC Limited lowest stock price was HK$18.42 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$1.20T.
When is CNOOC Limited’s upcoming earnings report date?
CNOOC Limited’s upcoming earnings report date is Oct 22, 2026 which is in 33 days.
How were CNOOC Limited’s earnings last quarter?
CNOOC Limited released its earnings results on Aug 26, 2026. The company reported HK$1.146 earnings per share for the quarter, missing the consensus estimate of HK$1.31 by -HK$0.164.
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 6.24%. See more information on CNOOC Limited dividends here
What is CNOOC Limited’s EPS estimate?
CNOOC Limited’s EPS estimate is 0.99.
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$1.146 in its last earnings report, missing expectations of HK$1.31. Following the earnings report the stock price went down -0.797%.
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
CNOOC Limited Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
HK$31.06 (24.63% Upside)
HK$31.06 (24.63% Upside)
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
0.00%
12-Months-Change
Fundamentals
Return on Equity
6.24%
Trailing 12-Months
Asset Growth
16.52%
Trailing 12-Months
Learn more about TipRanks Smart Score
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.
0883 Stock 12 Month Forecast
Average Price Target
HK$31.06
▲(24.63% Upside)
Technical Analysis
KUNLUN ENERGY
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China Oilfield Services
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PetroChina Company
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China Petroleum & Chemical
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United Energy Group
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