Working with TipRanks
Follow Us
Stocks
ETFs
Options
Commodities
Crypto
Currency
Research Tools
Calendars
Economic Indicators
Calculators
Education
About Us
Working with TipRanks
Follow Us
CNOOC Limited (HK:0883)
HKEX:0883
CNOOC Limited (0883) Stock Price & Analysis
14 Followers
0883 Stock Chart & Stats
Day’s RangeHK$0 - HK$0
52-Week RangeHK$10.34 - HK$20.75
Previous CloseHK$19.82
Volume80.81M
Average Volume (3M)97.43M
Market Cap
HK$975.79B
Enterprise ValueN/A
Total Cash (Recent Filing)N/A
Total Debt (Recent Filing)N/A
Price to Earnings (P/E)6.9
Beta0.40
Next Earnings
Aug 22, 2024EPS Estimate
HK$0.75Next Dividend Ex-DateN/A
Dividend Yield6.95%
Share Statistics
EPS (TTM)2.88
Shares Outstanding44,647,455,984
10 Day Avg. Volume126,626,000
30 Day Avg. Volume97,425,401
Standard Deviation0.08
R-Squared0.42
Alpha0.00189
Financial Highlights & Ratios
Price to Book (P/B)1.12
Price to Sales (P/S)3.67
Price to Cash Flow (P/CF)11.70
P/FCF Ratio7.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$20.83Price Target Upside5.10% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
Bulls Say, Bears Say
Bulls Say
Dividend AttractivenessCNOOC offers a very attractive dividend yield of approximately 8%, underpinned by a generous payout ratio and strong financial fundamentals.
Growth ProspectsWith a raised production target and a commitment to 6% average annual production growth, CNOOC is poised for a robust expansion in the energy sector.
Sustainability InitiativesCNOOC is bolstering its ESG credentials by allocating 10% of its capital expenditures to clean energy investments, signaling a forward-thinking approach to sustainability.
Bears Say
Earnings ImpactFY23 earnings missed consensus by approximately 5%, attributed to lower realized oil prices and a higher tax rate.
Oil Price SensitivityOil price volatility is a key risk for the company's earnings, heavily influenced by fluctuating oil prices.
Production DependenceThe company's earnings are sensitive to changes in output by OPEC and the US, posing a risk to its financial stability.
---
Options Prices
Currently, No data available
---
Ownership Overview
0.00%
Insiders
0.00%
Mutual Funds
0.03% Other Institutional Investors
99.97% Public Companies and
Individual Investors
0883 FAQ
What was CNOOC Limited’s price range in the past 12 months?
CNOOC Limited lowest stock price was HK$10.34 and its highest was HK$20.75 in the past 12 months.
What is CNOOC Limited’s market cap?
Currently, no data Available
When is CNOOC Limited’s upcoming earnings report date?
CNOOC Limited’s upcoming earnings report date is Aug 22, 2024 which is in 105 days.
How were CNOOC Limited’s earnings last quarter?
CNOOC Limited released its earnings results on Apr 25, 2024. The company reported HK$0.91 earnings per share for the quarter, beating the consensus estimate of HK$0.78 by HK$0.13.
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 HK$0.75.
How many shares outstanding does CNOOC Limited have?
CNOOC Limited has 44,576,766,000 shares outstanding.
What happened to CNOOC Limited’s price movement after its last earnings report?
CNOOC Limited reported an EPS of HK$0.91 in its last earnings report, beating expectations of HK$0.78. Following the earnings report the stock price went up 1.496%.
Which hedge fund is a major shareholder of CNOOC Limited?
Currently, no hedge funds are holding shares in HK:0883
---
CNOOC Limited Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
HK$20.83 (5.10% Upside)
HK$20.83 (5.10% Upside)
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
74.04%
12-Months-Change
Fundamentals
Return on Equity
19.55%
Trailing 12-Months
Asset Growth
2.51%
Trailing 12-Months
Company Description
CNOOC Limited
CNOOC is China's main offshore oil and gas exploration and production company. Through its parent company, it has exclusive rights to partner with foreign companies in offshore China projects. Production for 2020 averaged 1.44 million barrels of oil equivalent per day (79% oil), and year-end proven reserves were 5.37 billion barrels of oil equivalent, or boe, (73% oil). Assets outside China make up around 33% of production.
---
0883 Stock 12 Month Forecast
Average Price Target
HK$20.83
▲(5.10% Upside)
Technical Analysis
Best Analysts Covering 0883
1 Year
---