Education
About Us
Working with TipRanks
Follow Us
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)109.39M
Market Cap
HK$797.36B
Enterprise ValueHK$796.21B
Total Cash (Recent Filing)¥121.39B
Total Debt (Recent Filing)¥134.40B
Price to Earnings (P/E)5.2
Beta0.49
Next Earnings
Apr 24, 2025EPS Estimate
0.81Last Dividend Ex-Date
Sep 12, 2024Dividend Yield8.64%
Share Statistics
EPS (TTM)3.18
Shares Outstanding44,539,953,000
10 Day Avg. Volume160,604,222
30 Day Avg. Volume109,385,260
Financial Highlights & Ratios
PEG Ratio0.54
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
Price to Cash Flow (P/CF)11.60
P/FCF Ratio7.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$21.32Price Target Upside31.61% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
---
CNOOC Limited News
PremiumCompany Announcements
CNOOC Group to Boost Shareholdings in CNOOC Limited
PremiumCompany Announcements
CNOOC Limited Declares Final Dividend for 2024PremiumCompany Announcements
CNOOC Limited Achieves Record Reserves and Production in 2024
PremiumCompany Announcements
CNOOC Limited Schedules Board Meeting to Approve Annual Results
PremiumCompany Announcements
CNOOC Limited Announces Key Management Changes
PremiumCompany Announcements
CNOOC Limited Updates Board of Directors Roles
---
Bulls Say, Bears Say
Bulls Say
Cost CompetitivenessCNOOC is highly regarded as one of the best oil price proxies, with a very competitive all-in cost of ~USD30/bbl and a steady growth strategy.
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.
Bears Say
Asset ImpairmentFY24 net profit was 3-4% below consensus estimates due largely to higher asset impairment for overseas projects.
Oil Price 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.
OPEC+ Production CutsThe potential unwinding of OPEC+’s 2mmbpd production cuts could weaken oil price outlook in 2025.
---
Options Prices
Currently, No data available
---
Ownership Overview
―
Insiders
―
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$797.36B.
When is CNOOC Limited’s upcoming earnings report date?
CNOOC Limited’s upcoming earnings report date is Apr 24, 2025 which is in 12 days.
How were CNOOC Limited’s earnings last quarter?
CNOOC Limited released its earnings results on Mar 27, 2025. The company reported HK$0.475 earnings per share for the quarter, missing the consensus estimate of HK$1.447 by -HK$0.971.
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$0.74 which represents an annual dividend yield of 8.64%. See more information on CNOOC Limited dividends here
What is CNOOC Limited’s EPS estimate?
CNOOC Limited’s EPS estimate is 0.81.
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$0.475 in its last earnings report, missing expectations of HK$1.447. Following the earnings report the stock price went up 1.522%.
Which hedge fund is a major shareholder of CNOOC Limited?
Currently, no hedge funds are holding shares in HK:0883
---
CNOOC Limited Stock Smart Score
Neutral
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
HK$21.32 (31.61% Upside)
HK$21.32 (31.61% Upside)
News Sentiment
Neutral
Bullish news 59%
Bearish news 100%
Bearish news 100%
Technicals
SMA
Negative
20 days / 200 days
Momentum
1.77%
12-Months-Change
Fundamentals
Return on Equity
19.25%
Trailing 12-Months
Asset Growth
8.88%
Trailing 12-Months
Company Description
CNOOC Limited
CNOOC is China's main offshore oil and gas exploration and production company. Through its parent company, it has exclusive rights to partner with foreign companies in offshore China projects. Production for 2020 averaged 1.44 million barrels of oil equivalent per day (79% oil), and year-end proven reserves were 5.37 billion barrels of oil equivalent, or boe, (73% oil). Assets outside China make up around 33% of production.
---
0883 Stock 12 Month Forecast
Average Price Target
HK$21.32
▲(31.61% Upside)
Technical Analysis
CK Infrastructure Holdings
―
China Resources Gas Group
―
China Shenhua Energy Co
―
Best Analysts Covering 0883
1 Year
1 Year Success Rate
2/4 ratings generated profit
1 Year Average Return
+11.28%
reiterated a buy rating 6 months ago
Copying Parsley Ong's trades and holding each position for 1 Year would result in 50.00% of your transactions generating a profit, with an average return of +11.28% per trade.
---