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CNOOC Limited (HK:0883)
:0883
0883 Stock Chart & Stats
Day’s Range― - ―
52-Week RangeHK$15.50 - HK$23.90
Previous CloseN/A
Volume54.59M
Average Volume (3M)101.72M
Market Cap
HK$847.77B
Enterprise ValueN/A
Total Cash (Recent Filing)HK$199.97B
Total Debt (Recent Filing)¥91.89B
Price to Earnings (P/E)5.5
Beta0.50
Next Earnings
Apr 24, 2025EPS Estimate
0.8Next Dividend Ex-Date
Jun 12, 2025Dividend Yield8.04%
Share Statistics
EPS (TTM)0.48
Shares Outstanding44,539,953,000
10 Day Avg. Volume76,601,936
30 Day Avg. Volume101,721,747
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)1.00
Price to Sales (P/S)0.00
P/FCF Ratio11.36
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$19.54Price Target Upside13.33% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
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CNOOC Limited News
PremiumCompany Announcements
CNOOC Limited Announces Board Changes and Leadership Transition
PremiumCompany Announcements
CNOOC Limited Proposes Amendments to Enhance Corporate Governance
PremiumCompany Announcements
CNOOC Limited Updates 2024 Final Dividend Details
PremiumCompany Announcements
CNOOC Limited Reports First Quarter 2025 Financial Results
PremiumCompany Announcements
CNOOC Limited Announces Leadership Transition---
Bulls Say, Bears Say
Bulls Say
Dividend YieldThe stock offers a very attractive dividend yield of 7% with management committed to a payout of at least 45% during 2025-2027.
Production GrowthCNOOC raised 2024 production target by c.8% and aims for 6% average annual production growth through to 2025.
ValuationValuation is undemanding at 6x FY25F PE and 1x P/BV against 18% ROE and 7% dividend yield, with potential support from share buyback exercise and attractive dividend yield.
Bears Say
Asset ImpairmentFY24 net profit was 3-4% below consensus’ estimates due largely to higher asset impairment for overseas projects.
Earnings SensitivityCNOOC’s earnings is sensitive to oil prices, which would be dictated by output by the Organization of the Petroleum Exporting Countries (OPEC) and the US.
Oil Price OutlookThe potential unwinding of OPEC+’s 2mmbpd production cuts could weaken oil price outlook in 2025.
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Options Prices
Currently, No data available
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Ownership Overview
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Insiders
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Mutual Funds
0.03% Other Institutional Investors
99.97% Public Companies and
Individual Investors
0883 FAQ
What was CNOOC Limited’s price range in the past 12 months?
CNOOC Limited lowest stock price was HK$15.50 and its highest was HK$23.90 in the past 12 months.
What is CNOOC Limited’s market cap?
CNOOC Limited’s market cap is HK$847.77B.
When is CNOOC Limited’s upcoming earnings report date?
CNOOC Limited’s upcoming earnings report date is Apr 24, 2025 which is 23 days ago.
How were CNOOC Limited’s earnings last quarter?
CNOOC Limited released its earnings results on Apr 30, 2025. The company reported HK$0.827 earnings per share for the quarter, beating the consensus estimate of HK$0.816 by HK$0.011.
Is CNOOC Limited overvalued?
According to Wall Street analysts CNOOC Limited’s price is currently Undervalued.
Does CNOOC Limited pay dividends?
CNOOC Limited pays a Annually dividend of HK$0.66 which represents an annual dividend yield of 8.04%. See more information on CNOOC Limited dividends here
What is CNOOC Limited’s EPS estimate?
CNOOC Limited’s EPS estimate is 0.8.
How many shares outstanding does CNOOC Limited have?
CNOOC Limited has 44,539,953,000 shares outstanding.
What happened to CNOOC Limited’s price movement after its last earnings report?
CNOOC Limited reported an EPS of HK$0.827 in its last earnings report, beating expectations of HK$0.816. Following the earnings report the stock price went up 0.119%.
Which hedge fund is a major shareholder of CNOOC Limited?
Currently, no hedge funds are holding shares in HK:0883
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CNOOC Limited Stock Smart Score
Neutral
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10
Analyst Consensus
Moderate Buy
Average Price Target:
HK$19.54 (13.33% Upside)
HK$19.54 (13.33% Upside)
News Sentiment
Neutral
Bullish news 59%
Bearish news 100%
Bearish news 100%
Technicals
SMA
Negative
20 days / 200 days
Momentum
6.39%
12-Months-Change
Fundamentals
Return on Equity
19.25%
Trailing 12-Months
Asset Growth
8.88%
Trailing 12-Months
Company Description
CNOOC Limited
CNOOC Limited, an investment holding company, engages in the exploration, development, production, and sale of crude oil and natural gas. It operates through three segments: E&P, Trading Business, and Corporate. The company 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. It also holds interests in various oil and gas assets in Asia, Africa, North America, South America, Oceania, and Europe. As of December 31, 2021, it had net proved reserves of approximately 5.73 billion barrels of oil equivalent. In addition, the company is involved in the bond issuance; sale and marketing of petroleum and natural gas; and surface exploration and sale of coalbed methane. CNOOC Limited operates in China, Canada, the United States, the United Kingdom, Nigeria, Argentina, Indonesia, Uganda, Iraq, Brazil, Guyana, Russia, Australia, and internationally. The company was incorporated in 1999 and is based in Central, Hong Kong. CNOOC Limited is a subsidiary of China National Offshore Oil Corporation.
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0883 Stock 12 Month Forecast
Average Price Target
HK$19.54
▲(13.33% Upside)
Technical Analysis
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