Analysts trim fair value for CNOOC stock from HKD 32.99 to HKD 31.62

First-half revenue rose 16.90 percent to RMB 242.7 billion. CNOOC stock sits between HKD 18.42 and HKD 30.98 on its 52-week range.

CNOOC Ltd. (ISIN HK0883013259) is facing a lower valuation benchmark after analysts trimmed fair value from HKD 32.99 to HKD 31.62 on October 1, 2026, according to Simply Wall St. The adjustment puts the estimate 4.15 percent below its previous level and leaves the latest Hong Kong quote below the revised valuation.

Fair value falls as assumptions change

The October 1 update lowered the discount-rate assumption from 7.02 percent to 7.07 percent and reduced the future P/E assumption from 11.83 times to 11.14 times, according to Simply Wall St. For investors, the key change is not the dividend headline but the more cautious long-term earnings framework behind the valuation.

First-half results set operating baseline

CNOOC reported operating revenue of RMB 242.7 billion for the first half of 2026, up 16.90 percent year over year, while net profit attributable to shareholders rose 23.40 percent to RMB 85.8 billion, according to Moomoo. Net oil and gas production reached 398.7 million barrels of oil equivalent, an increase of 3.70 percent from the same period a year earlier.

Operating cash flow rose 29.70 percent to RMB 141.6 billion in the first half of 2026, while capital expenditure increased 7.60 percent to RMB 62.0 billion, FilingReader reported on September 8, 2026. The combination shows higher cash generation alongside continued spending to expand reserves and output.

Hong Kong quote and next date

CNOOC stock closed at HKD 23.52 on the Hong Kong Stock Exchange on October 2, 2026. Its 52-week range was HKD 18.42 to HKD 30.98, while market capitalization stood at HKD 1.2 trillion on the same date. The next earnings date listed for the company is October 31, 2026.

CNOOC stock facts

• Company: CNOOC Limited
• ISIN: HK0883013259
• Ticker: 0883
• Primary exchange: Hong Kong Stock Exchange
• Market capitalization: HKD 1.2 trillion (as of October 2, 2026)
• 52-week range: HKD 18.42-HKD 30.98 (as of October 2, 2026)
• Sector / Industry: Energy / Integrated Oil and Gas
• Next earnings date: October 31, 2026

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