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    883   HK0883013259

CNOOC LIMITED

(883)
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CNOOC Limited : A trend reversal is in sight

06/16/2021 | 03:05am EDT
long trade on a pullback
Live
Entry price : 0HKD | Target : 11.8HKD | Stop-loss : 7.43HKD | Cancellation Level : 9.41HKD | Potential : 0%
CNOOC Limited shares could get back into a rising trend over the medium term, as suggested by technical indicators.
Investors should buy the stock at current prices near HKD 8.75 in order to target the HKD 11.8.
CNOOC Limited : CNOOC Limited : A trend reversal is in sight
Summary
  • The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
  • In a short-term perspective, the company has interesting fundamentals.

Strengths
  • The group's activity appears highly profitable thanks to its outperforming net margins.
  • Its low valuation, with P/E ratio at 6.68 and 6.41 for the ongoing fiscal year and 2022 respectively, makes the stock pretty attractive with regard to earnings multiples.
  • This company will be of major interest to investors in search of a high dividend stock.
  • Over the past year, analysts have regularly revised upwards their sales forecast for the company.
  • Analysts have consistently raised their revenue expectations for the company, which provides good prospects for the current and next years in terms of revenue growth.
  • For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
  • For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.
  • Analysts covering this company mostly recommend stock overweighting or purchase.
  • The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.

Weaknesses
Ratings chart
Subsector Other Oil & Gas Exploration and Production
1st jan.Capitalization (M$)Investor Rating
CNOOC LIMITED7.24%44 232
CONOCOPHILLIPS40.19%75 648
EOG RESOURCES, INC.46.10%42 521
CANADIAN NATURAL RESOURCES ..34.59%39 164
PIONEER NATURAL RESOURCES C..27.64%35 463
ECOPETROL S.A.16.66%28 048
OCCIDENTAL PETROLEUM CORPOR..50.78%24 362
HESS CORPORATION44.80%23 429
OIL AND NATURAL GAS CORPORA..23.91%19 510
DEVON ENERGY CORPORATION63.44%17 491
WOODSIDE PETROLEUM LTD-3.65%15 510
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The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Financials
Sales 2021 222 B 34 358 M 34 358 M
Net income 2021 59 071 M 9 143 M 9 143 M
Net Debt 2021 106 B 16 464 M 16 464 M
P/E ratio 2021 4,78x
Yield 2021 9,89%
Capitalization 286 B 44 232 M 44 234 M
EV / Sales 2021 1,77x
EV / Sales 2022 1,61x
Nbr of Employees 18 151
Free-Float 35,0%
Upcoming event on CNOOC LIMITED
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 20
Last Close Price 6,40 CNY
Average target price 9,96 CNY
Spread / Average Target 55,5%
EPS Revisions
Managers and Directors
Ke Qiang Xu Chief Executive Officer & Executive Director
Wei Zhi Xie Chief Financial Officer
Dong Jin Wang Chairman
Xiaonan Wu Joint Secretary & Compliance Officer
Sung Hong Chiu Independent Non-Executive Director