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Is this Large Market Cap Stock target price reasonable for CNOOC Ltd. (NYSE:CEO)?

The company in question is, CNOOC Ltd. (NYSE:CEO) currently with a stock price of 132.09 (-1.03% today). The market cap for CNOOC Ltd. is 57995.43, and is in the sector Basic Materials, and Oil & Gas Drilling & Exploration industry. The target price for CNOOC Ltd. is 128.69. Currently CNOOC Ltd. is trading with a P/E of *TBA, and a forward P/E of 12.27. Average volume for CNOOC Ltd. is 118.59 and so far today it is 45300.

Performance in the last year for CNOOC Ltd. has been 14.11%. For EPS growth, CNOOC Ltd. has seen a growth of -66.30%, and is looking to grow in the next year to 9109.10%. More long term stats show that EPS growth has been -17.90% over the last five years and could be -6.90% for the next five years. CNOOC Ltd. has seen sales growth quarter over quarter at -51.90%, with EPS growth quarter over quarter at -123.10%. The 20-day simple moving average is 6.95%, with the 200-day simple moving average coming to 15.89%.

Since the IPO date for CNOOC Ltd. on the 2/27/2001, CNOOC Ltd. has seen performance year to date to be 31.63%. With CNOOC Ltd. trading at 132.09, the dividend yield is 3.61%, and the EPS is -0.74.

So could CNOOC Ltd., be undervalued? Well as said before P/E is *TBA. The PEG is *TBA, P/S is 2.62 and the P/B is at 1.07. The P/cash is 9.06, with P/free cash flow at *TBA.

CNOOC Ltd. ability to deal with debt shows that the current ratio is 1.5, and the quick ratio is 1.4. This is with long term debt/equity at 0.34, and total debt/equity at 0.43.

In terms of margins, CNOOC Ltd. has a gross margin of 69.90%, an operating margin of -4.70% and a profit margin of -1.50%.Payout ratio for CNOOC Ltd. is *TBA. Return on assets come to -0.30% with return on investment coming to 3.70%.

Insider ownership for CNOOC Ltd., is at *TBA and institutional ownership comes to 2.10%. Outstanding shares are at 439.06. While shares float is 158.72. The float short is currently 0.18%, and short ratio is 2.42.

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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