|Day's Range||5.920 - 6.020|
|52 Week Range||5.180 - 6.570|
|PE Ratio (TTM)||13.98|
|Dividend & Yield||0.00 (0.07%)|
|1y Target Est||N/A|
Oil bulls grappling with OPEC’s weakened resolve to curb output are also having to worry about waning demand in the world’s biggest buyer of overseas crude.
DBS has done a deep dive into China's big three oil stocks and decided that CNOOC (883.HK) (CEO) is the pick of the trio. The broker cut its 2017 Brent oil price forecast by $5 a barrel to between $50 and $55 after adjusting for higher than expected U.S. shale production. Lower oil price forecasts have been reflected in lower target prices for the two of the three Chinese oil stocks.
The former general manager of Sinopec Group will be prosecuted for alleged graft, China's anti-graft watchdog says.