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CNOOC Limited (DE:NC2B)
FRANKFURT:NC2B
NC2B Stock Chart & Stats
Day’s Range― - ―
52-Week Range€2.10 - €2.80
Previous CloseN/A
Volume0.00
Average Volume (3M)0.00
Market Cap
€93.11B
Enterprise Value€796.21B
Total Cash (Recent Filing)¥154.20B
Total Debt (Recent Filing)¥91.89B
Price to Earnings (P/E)5.8
Beta0.17
Next Earnings
Apr 24, 2025EPS Estimate
0.09Last Dividend Ex-Date
Sep 12, 2024Dividend Yield7.6%
Share Statistics
EPS (TTM)0.05
Shares Outstanding44,539,953,000
10 Day Avg. Volume0
30 Day Avg. Volume0
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
Price to Cash Flow (P/CF)6.10
P/FCF Ratio9.40
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€2.36Price Target Upside8.26% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
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CNOOC Limited News
PremiumCompany Announcements
CNOOC Limited Announces Leadership TransitionPremiumCompany Announcements
CNOOC Limited Announces Board Restructuring
PremiumCompany Announcements
CNOOC Limited Schedules Board Meeting to Review Q1 2025 ResultsPremiumCompany Announcements
CNOOC Group to Boost Shareholdings in CNOOC Limited
PremiumCompany Announcements
CNOOC Limited Declares Final Dividend for 2024PremiumCompany Announcements
CNOOC Limited Achieves Record Reserves and Production in 2024
PremiumCompany Announcements
CNOOC Limited Schedules Board Meeting to Approve Annual Results
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Bulls Say, Bears Say
Bulls Say
Dividend YieldThe stock offers a very attractive dividend yield of 7% with management committed to a payout of at least 45% during 2025-2027.
Production GrowthCNOOC raised 2024 production target by c.8% and aims for 6% average annual production growth through to 2025.
ValuationValuation is undemanding at 6x FY25F PE and 1x P/BV against 18% ROE and 7% dividend yield, with potential support from share buyback exercise and attractive dividend yield.
Bears Say
Asset ImpairmentFY24 net profit was 3-4% below consensus’ estimates due largely to higher asset impairment for overseas projects.
Earnings SensitivityCNOOC’s earnings is sensitive to oil prices, which would be dictated by output by the Organization of the Petroleum Exporting Countries (OPEC) and the US.
Oil Price OutlookThe potential unwinding of OPEC+’s 2mmbpd production cuts could weaken oil price outlook in 2025.
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Options Prices
Currently, No data available
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Ownership Overview
―
Insiders
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Mutual Funds
0.03% Other Institutional Investors
99.97% Public Companies and
Individual Investors
NC2B FAQ
What was CNOOC Limited’s price range in the past 12 months?
CNOOC Limited lowest stock price was €2.10 and its highest was €2.80 in the past 12 months.
What is CNOOC Limited’s market cap?
CNOOC Limited’s market cap is €93.11B.
When is CNOOC Limited’s upcoming earnings report date?
CNOOC Limited’s upcoming earnings report date is Apr 24, 2025 which is 2 days ago.
How were CNOOC Limited’s earnings last quarter?
CNOOC Limited released its earnings results on Mar 27, 2025. The company reported €0.054 earnings per share for the quarter, missing the consensus estimate of €0.166 by -€0.111.
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 Annually dividend of €0.084 which represents an annual dividend yield of 7.6%. See more information on CNOOC Limited dividends here
What is CNOOC Limited’s EPS estimate?
CNOOC Limited’s EPS estimate is 0.09.
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 €0.054 in its last earnings report, missing expectations of €0.166. 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
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CNOOC Limited Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
€2.36 (8.26% Upside)
€2.36 (8.26% Upside)
News Sentiment
Neutral
Bullish news 59%
Bearish news 100%
Bearish news 100%
Technicals
SMA
Negative
20 days / 200 days
Momentum
5.41%
12-Months-Change
Fundamentals
Return on Equity
19.25%
Trailing 12-Months
Asset Growth
8.88%
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.
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NC2B Stock 12 Month Forecast
Average Price Target
€2.36
▲(8.26% Upside)
Technical Analysis
CK Infrastructure Holdings
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China Resources Gas Group
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China Shenhua Energy Co
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Best Analysts Covering NC2B
1 Year
1 Year Success Rate
3/4 ratings generated profit
1 Year Average Return
+16.25%
reiterated a buy rating 11 days ago
Copying Nikhil Bhandari's trades and holding each position for 1 Year would result in 75.00% of your transactions generating a profit, with an average return of +16.25% per trade.
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