Stock Updates

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 122.71 (1.13% today). The market cap for CNOOC Ltd. is 54891.86, 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 17.96, and a forward P/E of 11.83. Average volume for CNOOC Ltd. is 132.48 and so far today it is 143200.

Performance in the last year for CNOOC Ltd. has been 22.33%. For EPS growth, CNOOC Ltd. has seen a growth of -66.30%, and is looking to grow in the next year to 1667.80%. 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 -44.30%, with EPS growth quarter over quarter at -75.00%. The 20-day simple moving average is -0.08%, with the 200-day simple moving average coming to 10.00%.

Since the IPO date for CNOOC Ltd. on the 2/27/2001, CNOOC Ltd. has seen performance year to date to be 20.74%. With CNOOC Ltd. trading at 122.71, the dividend yield is 5.26%, and the EPS is 6.83.

So could CNOOC Ltd., be undervalued? Well as said before P/E is 17.96. The PEG is *TBA, P/S is 2.12 and the P/B is at 0.94. The P/cash is 12.17, with P/free cash flow at *TBA.

CNOOC Ltd. ability to deal with debt shows that the current ratio is 1.7, and the quick ratio is 1.6. 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 71.80%, an operating margin of 10.20% and a profit margin of 11.80%.Payout ratio for CNOOC Ltd. is 88.40%. Return on assets come to 3.00% 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 447.33. While shares float is 158.72. The float short is currently 0.17%, and short ratio is 1.99.

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.

About the author

Peter Clarke

Leave a Comment