Somewhat Positive Media Coverage Somewhat Unlikely to Impact CNOOC (CEO) Stock Price

Media coverage about CNOOC (NYSE:CEO) has been trending somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CNOOC earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned news stories about the oil and gas company an impact score of 45.7505703674724 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the news stories that may have effected Accern’s rankings:

A number of equities analysts have commented on the stock. CLSA upgraded shares of CNOOC from a “sell” rating to an “outperform” rating in a report on Friday, September 29th. Zacks Investment Research upgraded shares of CNOOC from a “hold” rating to a “strong-buy” rating and set a $154.00 target price for the company in a report on Tuesday, October 31st. Goldman Sachs Group upgraded shares of CNOOC from a “neutral” rating to a “buy” rating and set a $131.00 target price for the company in a report on Tuesday, August 8th. BidaskClub downgraded shares of CNOOC from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. Finally, Bank of America upgraded shares of CNOOC from an “underperform” rating to a “neutral” rating in a report on Friday, August 25th. One analyst has rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. CNOOC presently has a consensus rating of “Buy” and a consensus target price of $142.50.

CNOOC (CEO) traded down $5.54 on Wednesday, hitting $133.02. 164,476 shares of the stock traded hands, compared to its average volume of 114,890. CNOOC has a 12-month low of $108.05 and a 12-month high of $143.39. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.71 and a current ratio of 1.82.

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About CNOOC

CNOOC Limited is a Hong Kong-based investment holding company principally engaged in the exploration, production and trading of oil and gas. Its businesses include conventional oil and gas businesses, shale oil and gas businesses, oil sands businesses and other unconventional oil and gas businesses. The Company mainly operates businesses through three segments.

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