CNOOC Stock Forecast

Stock Price Forecast

According to 16 analysts polled by S&P Global, CNOOC stock has a consensus rating of "Buy" and an average price target of $32.97. The average 1-year stock price forecast is 47.32% higher than the current stock price, while the lowest is $17.82 (-20.38%) and the highest is $48.59 (+117.11%).

Price Target: $32.97 (+47.32%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$17.82	$32.97	$33.03	$48.59
Change	-20.38%	+47.32%	+47.59%	+117.11%

* Price targets were last updated on May 4, 2026.

Analyst Ratings

The average analyst rating for CNOOC stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	10	9	9	9	10	10
Buy	5	3	4	4	4	4
Hold	0	2	1	1	1	1
Sell	0	0	0	0	0	0
Strong Sell	1	1	1	1	1	1
Total	16	15	15	15	16	16

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Pei Hwa Ho DBS	DBS	Buy Maintains $34.50	Buy	Maintains	$34.50	+54.16%	May 4, 2026
Unknown Analyst Bank of China No rating	Bank of China	Buy Maintains $32.28 → $34.69	Buy	Maintains	$32.28 → $34.69	+55.00%	Apr 30, 2026
Unknown Analyst CICC No rating	CICC	Buy Maintains $35.00	Buy	Maintains	$35.00	+56.39%	Apr 29, 2026
Parsley Ong J.P. Morgan	J.P. Morgan	Buy Maintains $33.00	Buy	Maintains	$33.00	+47.45%	Apr 29, 2026
Unknown Analyst HSBC No rating	HSBC	Buy Maintains $32.30	Buy	Maintains	$32.30	+44.33%	Apr 28, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

492.94B

from 398.22B

23.79%

from 398.22B

Revenue Next Year

453.93B

from 492.94B

-7.91%

from 492.94B

EPS This Year

3.59

from 2.57

39.59%

from 2.57

EPS Next Year

3.25

from 3.59

-9.55%

from 3.59

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	246.11B	422.23B	416.61B	420.51B	398.22B	492.94B
Revenue Growth	58.40%	71.56%	-1.33%	0.94%	-5.30%	23.79%
Gross Profit	201.49B	333.28B	307.86B	332.24B	310.30B	268.41B
Gross Margin	81.87%	78.93%	73.90%	79.01%	77.92%	54.45%
Operating Income	93.20B	190.54B	165.00B	186.62B	167.77B	227.09B
Net Income	70.32B	141.70B	123.84B	137.94B	122.08B	168.92B
EPS	-	-	-	-	2.57	3.59
EPS Growth	-	-	-	-	-11.38%	39.59%
Forward PE	3.77	3.21	4.13	5.89	7.10	5.39
Dividend / Share	0.24	1.28	1.13	1.32	1.15	1.62
Dividend Growth	-	424.80%	-11.54%	15.95%	-12.57%	41.05%
Free Cash Flow	43.99B	88.06B	63.86B	56.45B	74.52B	153.45B
No. Analysts	-	-	-	-	-	13

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is CNY.

Revenue Forecast

Revenue	2026	2027	2028
High	511.4B
Avg	492.9B
Low	472.0B

Revenue Growth

Revenue Growth	2026	2027	2028
High	28.4%
Avg	23.8%
Low	18.5%

EPS Forecast

EPS	2026	2027	2028
High	3.94
Avg	3.59
Low	3.24

EPS Growth

EPS Growth	2026	2027	2028
High	53.2%
Avg	39.6%
Low	26.1%