How to buy CNOOC stock

CNOOC Limited is an oil & gas e&p business based in the US. CNOOC shares (CEO) are listed on the NYSE and all prices are listed in US Dollars. CNOOC employs 18,425 staff and has a market cap (total outstanding shares value) of 0.00.

CNOOC share price

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CNOOC shares at a glance

• Key figures

Information last updated 2021-04-29.

52-week range	$0.41 - $131.83
50-day moving average	$121.76
200-day moving average	$108.44
Wall St. target price	$162.40
PE ratio	10.5878
Dividend yield	$0.075 (6.16%)
Earnings per share (TTM)	$11.50

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Is it a good time to buy CNOOC stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of CNOOC Limited by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Is CNOOC under- or over-valued?

Valuing CNOOC stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of CNOOC's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

CNOOC's P/E ratio

CNOOC's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 11x. In other words, CNOOC shares trade at around 11x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

CNOOC's PEG ratio

CNOOC's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.2215. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into CNOOC's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

CNOOC financials

Gross profit TTM	$179.3 billion
Return on assets TTM	4.72%
Return on equity TTM	9.43%
Profit margin	20.74%
Book value	$134.80
Market capitalisation	$53.2 billion

TTM: trailing 12 months

Shorting CNOOC shares

There are currently 44,466 CNOOC shares held short by investors – that's known as CNOOC's "short interest". This figure is 70.1% down from 148,660 last month.

There are a few different ways that this level of interest in shorting CNOOC shares can be evaluated.

CNOOC's "short interest ratio" (SIR)

CNOOC's "short interest ratio" (SIR) is the quantity of CNOOC shares currently shorted divided by the average quantity of CNOOC shares traded daily (recently around 47812.903225806). CNOOC's SIR currently stands at 0.93. In other words for every 100,000 CNOOC shares traded daily on the market, roughly 930 shares are currently held short.

However CNOOC's short interest can also be evaluated against the total number of CNOOC shares, or, against the total number of tradable CNOOC shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case CNOOC's short interest could be expressed as 0% of the outstanding shares (for every 100,000 CNOOC shares in existence, roughly 0 shares are currently held short) or 0% of the tradable shares (for every 100,000 tradable CNOOC shares, roughly 0 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against CNOOC.

Find out more about how you can short CNOOC stock.

CNOOC share dividends

Dividend payout ratio: 128.18% of net profits

Recently CNOOC has paid out, on average, around 128.18% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 6.87% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), CNOOC shareholders could enjoy a 6.87% return on their shares, in the form of dividend payments. In CNOOC's case, that would currently equate to about $0.075 per share.

CNOOC's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

CNOOC's most recent dividend payout was on 22 October 2020. The latest dividend was paid out to all shareholders who bought their shares by 1 September 2020 (the "ex-dividend date").

CNOOC share price volatility

Over the last 12 months, CNOOC's shares have ranged in value from as little as $0.405 up to $131.83. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while CNOOC's is 1.1809. This would suggest that CNOOC's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

CNOOC overview

CNOOC Limited, an investment holding company, explores for, develops, produces, and sells crude oil and natural gas in offshore China, Canada, the United States, the United Kingdom, Nigeria, Argentina, Indonesia, Uganda, Iraq, Brazil, Guyana, Russia, Australia, and internationally. The company operates through three segments: E&P, Trading Business, and Corporate. It produces offshore crude oil and natural gas primarily in Bohai, the Western South China Sea, the Eastern South China Sea, and the East China Sea in offshore China. The company also holds interests in various oil and gas assets in Asia, Africa, North America, South America, Oceania, and Europe. As of December 31, 2019, it had net proved reserves of approximately 5. 18 billion barrels of oil equivalent. In addition, the company is involved in the issuance of bonds; sale and marketing of petroleum and natural gas; and surface exploration and sale of coalbed methane.

Frequently asked questions

• What percentage of CNOOC is owned by institutions?

  Currently 2.124% of CNOOC shares are held by institutions.

• How many people work for CNOOC?

  Latest data suggests 18,425 work at CNOOC.

• When does the fiscal year end for CNOOC?

  CNOOC's fiscal year ends in December.

• Where is CNOOC based?

  CNOOC's address is: Bank of China Tower, Central, Hong Kong

• What is CNOOC's ISIN number?

  CNOOC's international securities identification number is: US1261321095

• What is CNOOC's CUSIP number?

  CNOOC's Committee on Uniform Securities Identification Procedures number is: 126132109