OREANDA-NEWS. May 20, 2013. UBS AG upgraded shares of CNOOC (NYSE: CEO) from a neutral rating to a buy rating in a report released on Friday, TheFlyOnTheWall.com reports.

Other equities research analysts have also recently issued reports about the stock. Analysts at Mizuho upgraded shares of CNOOC from a neutral rating to a buy rating in a research note to investors on Wednesday, April 17th. Separately, analysts at Zacks downgraded shares of CNOOC from an outperform rating to a neutral rating in a research note to investors.

They now have a USD182.00 price target on the stock. Finally, analysts at Zacks reiterated an outperform rating on shares of CNOOC in a research note to investors. They now have a USD 221.00 price target on the stock.

One analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. The stock presently has an average rating of Buy and a consensus target price of USD 212.80.

Shares of CNOOC (NYSE: CEO) traded up 1.62% during mid-day trading on Friday, hitting \\$189.89. CNOOC has a 52 week low of USD 171.00 and a 52 week high of \\$226.77. The stock's 50-day moving average is currently USD 185.6. The company has a market cap of USD 84.779 billion and a P/E ratio of 8.27.

The company also recently announced a special dividend, which is scheduled for Thursday, July 11th. Shareholders of record on Thursday, May 30th will be paid a dividend of USD 4.12 per share. The ex-dividend date is Tuesday, May 28th.

CNOOC Limited, incorporated on August 20, 1999, is an investment holding company. The Company, through its subsidiaries, is engaged in the exploration, development, production and sales of crude oil and natural gas and other petroleum products.