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CNOOC Ltd. (NYSE: CEO) – Is this large market cap stock undervalued?

CNOOC Ltd. (NYSE: CEO), is firmly in the large market cap category with market cap of 55996.95. To be considered a large market cap stock companies have to be valued at more than $10 billion. The current price for CNOOC Ltd. is 123.23 (with a change from open of 2.70%), this in conjunction with a target price of 128.69. Volume today has so far reached 160400, with an average volume of about 117.95. The GAP for this stock, is 0.92%.

The P/E ratio is *TBA, bringing the forward P/E to a value of 12.15. The current EPS for CNOOC Ltd., is -0.75, with a EPS growth for this year coming to a value of -66.30%. Performance has been interesting with performance year to date coming to 22.80%.

Looking further into the growth statistics for CNOOC Ltd., EPS is looking like it will grow 9118.18% in the next year. Looking even further it is projected to be -6.90%. Quarter over quarter is -123.10% for EPS growth and for sales growth quarter over quarter it is -51.90%. Looking at past EPS growth statistics we see that for the past five years it has been -17.90%. Sales growth for the past five years has in fact been -1.00%.

Looking at the ownership, we see that the insider ownership is at *TBA and institutional ownership is 2.10%. Shares outstanding is 454.41, while shares float is at a value of 158.72. Float short for CNOOC Ltd. is 0.22% and the short ratio is 2.96.

In terms of debt, long term debt/equity is 0.34, while the total debt/equity comes to 0.43. The ability to meet these debts, means that the current ratio is 1.5, and the quick ratio is 1.4. The most recent gross margin is 69.90% and their operating margin is -4.70%. The profit margin is -1.50%.

CNOOC Ltd. has seen returns on assets of -0.30%, and on investment, 3.70%. Return on equity is -0.60%. Price/Earnings to growth ratio is *TBA. Price/Sales ratio is at a value of 2.51, with Price/book ratio coming to 0.99 and Price/cash is 8.67, and finally Price/Free cash Flow is *TBA.

The simple moving averages are 1.85% and 10.02% for 20 day and 200 day simple moving average respectively. For the 52 week high and low the 52 week high is -2.81% and the 52 week low is 55.78%.

CNOOC Ltd. has a dividend yield of 3.87%, with a current price of 123.23. The ability to pay this means the payout ratio is *TBA. This is in an industry, Oil & Gas Drilling & Exploration, with equally high dividends from other companies in this sector, which it is Basic Materials. CNOOC Ltd. is based in Hong Kong.

Performance in the Oil & Gas Drilling & Exploration industry means that CNOOC Ltd. has seen performance for the past week of 0.82%, with performance for the month coming to 1.53%. Looking at the data for the quarter it is at a value of 1.39%, and for the half year the performance is 29.59%. Volatility for this week is 2.03% and for the month this is 1.82%.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Peter Clarke

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