CNOOC (883)
18.76 HKD -0.26 (-1.37%) Volume: 124.4M
CNOOC’s stock price stands at 18.76 HKD, reflecting a slight dip of -1.37% in the latest trading session, with a robust trading volume of 124.4M. Despite the recent fluctuation, the oil giant has seen a commendable YTD increase of +44.31%, indicating a strong market performance.
Latest developments on CNOOC
[“CNOOC Ltd, a major Chinese offshore oil and gas producer, saw its stock price plummet today following news of a massive oil spill in the Bohai Sea. The company’s shares dropped by 5% in early trading as investors reacted to the environmental disaster. This comes after weeks of scrutiny and criticism over CNOOC Ltd‘s safety record and environmental practices. The spill, which is believed to have been caused by a ruptured pipeline, has sparked outrage among local communities and environmental groups. CNOOC Ltd has come under fire for its slow response to the incident and lack of transparency in its communication with the public. The company’s stock price is expected to remain volatile in the coming days as the full extent of the damage is assessed and clean-up efforts continue.”]CNOOC Ltd, a major Chinese offshore oil and gas producer, saw its stock price plummet today following news of a massive oil spill in the Bohai Sea. The company’s shares dropped by 5% in early trading as investors reacted to the environmental disaster. This comes after weeks of scrutiny and criticism over CNOOC Ltd‘s safety record and environmental practices. The spill, which is believed to have been caused by a ruptured pipeline, has sparked outrage among local communities and environmental groups. CNOOC Ltd has come under fire for its slow response to the incident and lack of transparency in its communication with the public. The company’s stock price is expected to remain volatile in the coming days as the full extent of the damage is assessed and clean-up efforts continue.
CNOOC on Smartkarma
Analyst coverage of CNOOC Ltd on Smartkarma reveals positive sentiment from Travis Lundy. In his report titled “HK Connect SOUTHBOUND Flows (To 7 June 2024); China Mobile, Energy, Financials All Bought Bigly”, Lundy highlights significant net buying on HK Connect by SOUTHBOUND investors. The report suggests that CNOOC Ltd may experience buying ahead of its ex-dividend date, indicating investor confidence in the company’s performance.
Lundy’s analysis points towards favorable valuations, strong flows, and potential policy changes that could impact CNOOC Ltd positively. The report also discusses the buying trends of other high-dividend state-owned enterprises, signaling a broader market trend. With expectations of continued inflows, both from the national team and other investors, CNOOC Ltd seems to be in a favorable position for future growth.
A look at CNOOC Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to Smartkarma Smart Scores, CNOOC Ltd has a positive long-term outlook based on its overall scores. The company scores well in areas such as Growth and Resilience, indicating a strong potential for future expansion and ability to withstand market challenges. With a focus on exploring, developing, and selling crude oil and natural gas, CNOOC Ltd has a diverse portfolio of assets both in China and internationally.
CNOOC Ltd also receives favorable scores in Dividend and Momentum, further bolstering its outlook. The company’s ability to provide dividends to shareholders and maintain positive momentum in the market bodes well for its future performance. Overall, CNOOC Ltd‘s Smartkarma Smart Scores suggest a promising trajectory for the company in the long term, highlighting its strength in various key factors for success in the energy industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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