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CNOOC Limited ( (HK:0883) ) has shared an announcement.
CNOOC Limited announced that its controlling shareholder, China National Offshore Oil Corporation (CNOOC Group), has increased its shareholdings in the company by 22,098,000 shares, representing approximately 0.05% of the total issued shares. This move is part of a Shareholding Increase Plan, although the progress has been slower than anticipated due to market fluctuations. The plan complies with Chinese securities laws, and CNOOC Group intends to continue increasing its shareholdings, while investors are cautioned about potential risks due to market conditions.
The most recent analyst rating on (HK:0883) stock is a Sell with a HK$12.10 price target. To see the full list of analyst forecasts on CNOOC Limited stock, see the HK:0883 Stock Forecast page.
More about CNOOC Limited
CNOOC Limited is a major player in the oil and gas industry, primarily focused on the exploration, development, and production of offshore oil and natural gas. The company is a significant entity in the energy sector, with a strong market presence in China and international markets.
Average Trading Volume: 71,020,829
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$919.5B
See more data about 0883 stock on TipRanks’ Stock Analysis page.