|Bid||113.75 x 1200|
|Ask||114.00 x 1000|
|Day's range||112.40 - 114.99|
|52-week range||81.11 - 144.11|
|Beta (5Y monthly)||1.16|
|PE ratio (TTM)||9.91|
|Forward dividend & yield||8.37 (7.16%)|
|Ex-dividend date||02 Sep 2020|
|1y target est||162.23|
The New York Stock Exchange is to start delisting proceedings against China National Offshore Oil Corporation to comply with an executive order from Donald Trump that bans Americans from investing in companies with ties to the Chinese military. The NYSE on Friday said it would suspend trading in Cnooc’s American depository shares on March 9, after determining that the company was “no longer suitable for listing” following the order that the former US president signed in November. Trump set a January 28 deadline for the ban to take effect, but President Joe Biden pushed the deadline back to May 27.
CNOOC (CEO) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) announced today that the Company made a large-sized oil and gas discovery Bozhong 13-2 in Bohai Bay.