Jefferies Upgrades CNOOC Ltd. (CEO) to Hold
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Price: $121.76 --0%
Rating Summary:
10 Buy, 5 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
10 Buy, 5 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Jefferies upgraded CNOOC Ltd. (NYSE: CEO) from Underperform to Hold.
The firm comments, "We have also lowered our target price and 2012 EPS 7% (to HK$13.00) and 5% respectively to reflect lowered oil price forecasts and production estimates from the Penglai shutdown. We prefer PetroChina over CNOOC, especially in a falling oil price environment."
For more ratings news on CNOOC Ltd. click here and for the rating history of CNOOC Ltd. click here.
Shares of CNOOC Ltd. closed at $180.69 yesterday.
The firm comments, "We have also lowered our target price and 2012 EPS 7% (to HK$13.00) and 5% respectively to reflect lowered oil price forecasts and production estimates from the Penglai shutdown. We prefer PetroChina over CNOOC, especially in a falling oil price environment."
For more ratings news on CNOOC Ltd. click here and for the rating history of CNOOC Ltd. click here.
Shares of CNOOC Ltd. closed at $180.69 yesterday.
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