Buy 0883.hk CNOOC LIMITED @ HK $18.1Buy CNOOC here due to the following technical and fundamental reasons:
Technical
-50% Retracement of the last move up
- Support at 50 Day moving average at about $18.00
Fundamental
- 2014 Forward PE ratio of 5.5
- Growth in South China sea fields.
- Recent China govt policy support of the stock m
Next report date
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Report period
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EPS estimate
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Revenue estimate
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137.94 B CNY
412.21 B CNY
1.84 B
About CNOOC LIMITED
Sector
Industry
CEO
Xin Huai Zhou
Website
Headquarters
Hong Kong
Founded
1999
ISIN
CNE100005980
FIGI
BBG01416QCL7
CNOOC Ltd. is an investment holding company, which engages in the exploration, development, production, and sale of crude oil, natural gas, and other petroleum products through its subsidiaries. It operates through the following segments: Exploration and Production, Trading Business, and Corporate. Its core operations areas are comprised of Bohai, Western South China Sea, Eastern South China Sea, East China Sea, Asia, Africa, South America, North America, Oceania, and Europe. The company was founded on August 20, 1999, and is headquartered in Hong Kong.
CNOOC Limited (1D): Bullish trendI believe CNOOC Limited is currently in price consolidation. After experiencing a downward journey lasting one and a half months, the stock has reached a strong support zone and is showing signs of reduced volume.
Entering at this level offers an attractive risk-to-reward ratio. If my analysis is c
Bad news are good news.Analysis:
A recent news "U.S. sanctions China’s CNOOC on drilling in disputed South China Sea." ---- Such news caused CNOOC (883) plummet for 20%.
Margin positions shall be all kicked off by such volatility .
Entry:
$7.6 a share could provide 10% dividends to stock holders, according to the record,
Watching The monthly chart All the moving averages are showing downwards momentum. 200 ma (Grey Line) is bullish that is due to historical rally from 2002 to 2011.Then we have a black sr line that shows resistance on four occasion starting from feb 2012 to sept 2014. Then it was broken on April 2018 and prov
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Summarizing what the indicators are suggesting.
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An aggregate view of professional's ratings.
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Displays a symbol's price movements over previous years to identify recurring trends.
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6.83%
Maturity date
May 5, 2025
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Maturity date
Sep 30, 2049
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5.58%
Maturity date
May 5, 2045
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5.39%
Maturity date
Apr 30, 2044
CFUH3849096
CNOOC Finance (2012) Limited 5.0% 02-MAY-2042Yield to maturity
5.27%
Maturity date
May 2, 2042
CFUH3764480
CNOOC Finance (2011) Ltd. 5.75% 26-JAN-2041Yield to maturity
5.09%
Maturity date
Jan 26, 2041
CFUH4002879
CNOOC Finance (2013) Ltd. 4.25% 09-MAY-2043Yield to maturity
5.07%
Maturity date
May 9, 2043
US12634MAE0
CNOOC FIN.(15) US 18/28Yield to maturity
4.76%
Maturity date
May 2, 2028
US65334HAG7
CNOOC PETROLEUM N.A. 2037Yield to maturity
4.63%
Maturity date
May 15, 2037
CFUH3702127
CNOOC Petroleum North America ULC 7.875% 15-MAR-2032Yield to maturity
4.62%
Maturity date
Mar 15, 2032
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Frequently Asked Questions
The current price of 600938 is 25.09 CNY — it has decreased by −0.040% in the past 24 hours. Watch CNOOC LIMITED stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on SSE exchange CNOOC LIMITED stocks are traded under the ticker 600938.
600938 stock has risen by 0.96% compared to the previous week, the month change is a −4.81% fall, over the last year CNOOC LIMITED has showed a −12.27% decrease.
We've gathered analysts' opinions on CNOOC LIMITED future price: according to them, 600938 price has a max estimate of 37.50 CNY and a min estimate of 32.00 CNY. Watch 600938 chart and read a more detailed CNOOC LIMITED stock forecast: see what analysts think of CNOOC LIMITED and suggest that you do with its stocks.
600938 reached its all-time high on Jul 3, 2024 with the price of 35.62 CNY, and its all-time low was 12.96 CNY and was reached on Apr 21, 2022. View more price dynamics on 600938 chart.
See other stocks reaching their highest and lowest prices.
See other stocks reaching their highest and lowest prices.
600938 stock is 1.08% volatile and has beta coefficient of 0.45. Track CNOOC LIMITED stock price on the chart and check out the list of the most volatile stocks — is CNOOC LIMITED there?
Today CNOOC LIMITED has the market capitalization of 1.19 T, it has increased by 0.90% over the last week.
Yes, you can track CNOOC LIMITED financials in yearly and quarterly reports right on TradingView.
CNOOC LIMITED is going to release the next earnings report on Aug 21, 2025. Keep track of upcoming events with our Earnings Calendar.
600938 earnings for the last half-year are 1.22 CNY per share, whereas the estimation was 1.37 CNY, resulting in a −10.95% surprise. The estimated earnings for the next half-year are 1.33 CNY per share. See more details about CNOOC LIMITED earnings.
CNOOC LIMITED revenue for the last half-year amounts to 193.74 B CNY, despite the estimated figure of 224.39 B CNY. In the next half-year revenue is expected to reach 192.75 B CNY.
CNOOC LIMITED dividend yield was 4.38% in 2024, and payout ratio reached 44.51%. The year before the numbers were 5.39% and 43.45% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
As of Apr 24, 2025, the company has 19.98 K employees. See our rating of the largest employees — is CNOOC LIMITED on this list?
Like other stocks, 600938 shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade CNOOC LIMITED stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So CNOOC LIMITED technincal analysis shows the sell today, and its 1 week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating CNOOC LIMITED stock shows the sell signal. See more of CNOOC LIMITED technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.