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 $31.66. The average 1-year stock price forecast is 34.61% higher than the current stock price, while the lowest is $17.53 (-25.47%) and the highest is $42.52 (+80.78%).

Price Target: $31.66 (+34.61%)

Analyst Consensus: Buy

Price Target

Chart

Target	Low	Average	Median	High
Price	$17.53	$31.66	$32.12	$42.52
Change	-25.47%	+34.61%	+36.56%	+80.78%

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

Chart

Rating	Apr '26	May '26	Jun '26	Jul '26	Aug '26	Sep '26
Strong Buy	9	10	10	10	10	10
Buy	4	4	4	4	5	5
Hold	1	1	1	1	0	0
Sell	0	0	0	0	0	0
Strong Sell	1	1	1	1	1	1
Total	15	16	16	16	16	16

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Unknown Analyst Bernstein No rating	Bernstein	Buy Maintains $33.60 → $33.90	Buy	Maintains	$33.60 → $33.90	+44.13%	Sep 14, 2026
Unknown Analyst Citic Securities No rating	Citic Securities	Buy Maintains $32.00	Buy	Maintains	$32.00	+36.05%	Sep 8, 2026
Pei Hwa Ho DBS	DBS	Buy Maintains $30.00	Buy	Maintains	$30.00	+27.55%	Aug 27, 2026
Unknown Analyst CICC No rating	CICC	Buy Maintains $35.00	Buy	Maintains	$35.00	+48.81%	Aug 27, 2026
Unknown Analyst Citi No rating	Citi	Buy Maintains $33.00	Buy	Maintains	$33.00	+40.31%	Aug 26, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

480.10B

from 398.22B

20.56%

from 398.22B

Revenue Next Year

445.09B

from 480.10B

-7.29%

from 480.10B

EPS This Year

3.38

from 2.57

31.46%

from 2.57

EPS Next Year

3.06

from 3.38

-9.45%

from 3.38

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	480.10B
Revenue Growth	58.40%	71.56%	-1.33%	0.94%	-5.30%	20.56%
Operating Income	93.20B	190.54B	165.00B	186.62B	167.77B	220.43B
Net Income	70.32B	141.70B	123.84B	137.94B	122.08B	160.43B
EPS	-	-	-	-	2.57	3.38
EPS Growth	-	-	-	-	-11.38%	31.46%
Forward PE	3.77	3.21	4.13	5.89	7.10	5.95
Dividend / Share	0.24	1.28	1.13	1.32	1.15	1.53
Dividend Growth	-35.50%	424.80%	-11.54%	15.95%	-12.57%	33.36%
Free Cash Flow	-	-	-	-	97.49B	129.94B
No. Analysts	-	-	-	-	-	13

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

Revenue Forecast

Chart

Revenue	2026	2027	2028
High	509.4B
Avg	480.1B
Low	457.3B

Revenue Growth

Chart

Revenue Growth	2026	2027	2028
High	27.9%
Avg	20.6%
Low	14.8%

EPS Forecast

Chart

EPS	2026	2027	2028
High	3.61
Avg	3.38
Low	3.17

EPS Growth

Chart

EPS Growth	2026	2027	2028
High	40.5%
Avg	31.5%
Low	23.3%