CNOOC to Issue Semiannual Dividend on October 23
OREANDA-NEWS. September 22, 2014. CNOOC Ltd (NYSE:CEO) announced a semiannual dividend, September 3rd, AnalystRatingsNetwork.com reports. Stockholders of record will be paid a dividend of 3.2257 per share on Thursday, October 23rd.
This represents a dividend yield of 3.2%. The ex-dividend date is Wednesday, September 10th. A number of research firms have recently commented on CEO. Analysts at Jefferies Group downgraded shares of CNOOC Ltd from a “buy” rating to a “hold” rating in a research note on Monday, August 18th. On a related note, analysts at Credit Suisse upgraded shares of CNOOC Ltd from an “underperform” rating to a “neutral” rating in a research note on Monday, August 18th. Finally, analysts at JPMorgan Chase & Co. upgraded shares of CNOOC Ltd from a “neutral” rating to an “overweight” rating in a research note on Thursday, July 10th.
One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold”. CNOOC Ltd (NYSE:CEO) opened at 199.02 on Tuesday. CNOOC Ltd has a 52-week low of USD 147.24 and a 52-week high of USD 211.49. The stock’s 50-day moving average is USD 188.4 and its 200-day moving average is USD 172.2.
The company has a market cap of USD 88.857 billion and a price-to-earnings ratio of 9.89. CNOOC Limited is an investment holding company. The Company, along with its subsidiaries, is a producer of offshore crude oil and natural gas and an independent oil and gas exploration and production company.
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