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CNOOC Limited (HK:0883)
HKEX:0883
CNOOC Limited (0883) Stock Price & Analysis
23 Followers
0883 Stock Chart & Stats
Day’s RangeHK$0 - HK$0
52-Week RangeHK$10.63 - HK$23.90
Previous CloseHK$23.25
Volume69.12M
Average Volume (3M)99.23M
Market Cap
HK$1.14T
Enterprise ValueN/A
Total Cash (Recent Filing)N/A
Total Debt (Recent Filing)N/A
Price to Earnings (P/E)8.1
Beta0.34
Next Earnings
Aug 29, 2024EPS Estimate
HK$0.74Last Dividend Ex-Date
Jun 13, 2024Dividend Yield5.43%
Share Statistics
EPS (TTM)2.88
Shares Outstanding44,647,455,984
10 Day Avg. Volume126,626,000
30 Day Avg. Volume99,225,589
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$20.78Price Target Upside-10.62% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering3
CNOOC Limited News
PremiumCompany Announcements
CNOOC Limited’s 2024 AGM Concludes SuccessfullyBulls Say, Bears Say
Bulls Say
Cost EfficiencyCNOOC has a very competitive all-in-cost of approximately USD30 per barrel, making it one of the best oil price proxies.
Dividend YieldManagement has committed to pay dividends at the higher of HKD0.70/share or 40% payout, offering an attractive dividend yield.
Production GrowthCNOOC raised 2024 production target by approximately 8% and aims for 6% average annual production growth through to 2025.
Bears Say
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 OutlookPotential unwinding of OPEC+’s 2mmbpd production cuts could dampen sentiment and weaken oil price outlook towards 2025.
Profit Lock-InTime to lock in profits after a spectacular rally of over 60% YTD.
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Options Prices
Currently, No data available
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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$10.63 and its highest was HK$23.90 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 29, 2024 which is in 53 days.
How were CNOOC Limited’s earnings last quarter?
CNOOC Limited released its earnings results on Apr 25, 2024. The company reported HK$0.902 earnings per share for the quarter, beating the consensus estimate of HK$0.773 by HK$0.129.
Is CNOOC Limited overvalued?
According to Wall Street analysts CNOOC Limited’s price is currently Overvalued.
Does CNOOC Limited pay dividends?
CNOOC Limited pays a Annually dividend of HK$0.66 which represents an annual dividend yield of 5.43%. See more information on CNOOC Limited dividends here
What is CNOOC Limited’s EPS estimate?
CNOOC Limited’s EPS estimate is HK$0.74.
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$0.902 in its last earnings report, beating expectations of HK$0.773. Following the earnings report the stock price went up 1.493%.
Which hedge fund is a major shareholder of CNOOC Limited?
Currently, no hedge funds are holding shares in HK:0883
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CNOOC Limited Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
HK$20.78 (-10.62% Downside)
HK$20.78 (-10.62% Downside)
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
115.65%
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.
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0883 Stock 12 Month Forecast
Average Price Target
HK$20.78
▼(-10.62% Downside)
Technical Analysis
Best Analysts Covering 0883
1 Year
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