China Oilfield Services Limited

Ticker

2883.HK

ISIN

CNE1000002P

Price

HKD 6.87

Change Today

-0.19 / -2.691 %

Price 1 year ago

8.41 / -18.331 %

Market Capitalization

80,404,480,000.00

52 Week Low

6.21

52 Week High

9.58

200 Day Moving Average

7.38

50-day Moving Average

7.18


Price evolution

Yearly Returns


Peers


Peers

Company information

Summary

China Oilfield Services Limited, together with its subsidiaries, provides integrated offshore oilfield services in Mainland China and internationally. The company operates through four segments: Drilling Services, Well Services, Marine Support Services, and Geophysical Acquisition and Surveying Services. The Drilling Services segment provides jack-up drilling rig, semi-submersible drilling rig, modular rig, and land drilling rig services; and casting and tubing, and running pipe inspection and repair services. This segment operates and manages 36 jack-up drilling rigs, 12 semi-submersible drilling rigs, and 6 modular rigs. The Well Services segment offers onshore and offshore well services, including logging, drilling and completion fluids, directional drilling, cementing, well completion and workover, stimulation, and oilfield production optimization. The Marine Support Services segment offers anchor handling, towing of drilling rigs/engineering barges, oil lifting, offshore transportation, standby, firefighting, rescue, oil spill assisting, and other marine support services. It operates and manages approximately 130 vessels, including anchor-handling tug/supply, platform supply, and multi-purpose vessels, as well as barges and shuttle-tankers. The Geophysical Acquisition and Surveying Services segment provides marine seismic acquisition, offshore geo-surveying, seismic data processing and interpretation, and underwater engineering services. This segment owns 6 seismic vessels, 2 ocean bottle cable teams, and 5 engineering surveying vessels. China Oilfield Services Limited also issues bonds. The company is based in Sanhe, China. China Oilfield Services Limited is a subsidiary of China National Offshore Oil Corporation.

Sector

Energy

Industry

Oil & Gas Equipment & Services

Country

China

Exchange

HKG

Earnings Per Share

0.586017

P/E Ratio

14.197539

Debt/Equity Ratio

61.124

Beta

1.647819

City

Sanhe

Address

201 Haiyou Avenue

Zip

065201

Ebitda

7,005,501,440.00

Ebitda Margins

0.23

Enterprise to Ebitda

7.10

Enterprise Value

49,744,932,864.00

Target Price

11.21

Estimated Price

-

Book Value

8.11

Expected Growth

-

Balance sheet

Income statement

Sustainability

Correlation

Company Name Correlation
5NF.SI Mencast^ -0.27
1080.HK SHENGLI PIPE -0.15
300471.SZ HOUPU CLEAN ENERGY -0.11
1Y1.SI $ 9R -0.11
ALDOL.PA DOLFINES 0.09
603318.SS SHUIFA ENERGAS GAS CO LTD 0.11
601798.SS LANPEC TECHNOLOGIES CO LTD. 0.19
300084.SZ HAIMO TECHNOLOGIES 0.25
FTI TechnipFMC plc 0.31
300157.SZ LANDOCEAN GROUP LI 0.31
DOF.OL DOF 0.38
SLB Schlumberger N.V. 0.41
300164.SZ TONG PETROTECH COR 0.41
603800.SS SUZHOU DOUSON DRILLING AND PROD 0.42
CGG.PA CGG 0.43
PGS.OL PGS 0.43
0RPI.IL SAIPEM SPA 0.43
600339.SS CHINA PETROLEUM ENGINEERING COR 0.44
300191.SZ SINO GEOPHYSICAL C 0.44
SPM.MI SAIPEM 0.45
BKR Baker Hughes Company 0.46
HAL Halliburton Company 0.49
600968.SS CNOOC ENERGY TECHNOLOGY & SERVI 0.50
1623.HK HILONG 0.51
NOV NOV Inc. 0.61
ELSA.JK Elnusa Tbk 0.66
600583.SS OFFSHORE OIL ENGINEERING CO 0.72
601808.SS CHINA OILFIELD SERVICES 0.86

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Indicators

Glossary
Momentum
A technical indicator that measures the rate of change in price movements over a specific period. It indicates the strength or weakness of a price trend.
Assessment: A positive momentum value generally indicates a good trend, while a negative value suggests a weak or downward trend.
Inertia
In trading, inertia refers to the tendency of prices to continue moving in their current direction. It suggests that an asset's price will likely maintain its current trend.
Assessment: A higher inertia value is generally considered good, as it indicates a strong and sustained price trend.
Relative Strength Index (RSI)
A momentum oscillator that measures the speed and change of price movements. It helps identify overbought or oversold conditions in an asset.
Assessment: An RSI value above 70 is typically considered overbought and may suggest a potential reversal or correction. Conversely, an RSI value below 30 is often considered oversold, indicating a possible upward price correction.
Fibonacci's Weighted Moving Average
A technical indicator that assigns different weights to recent data points, giving more significance to recent prices. It helps smooth out price fluctuations and identify trend reversals.
Assessment: The interpretation of the Fibonacci's Weighted Moving Average value depends on its comparison to other moving averages or trendlines. A value above 50 may indicate an uptrend, while a value below 50 may suggest a downtrend.
Williams %R
A momentum indicator that measures overbought or oversold conditions in an asset. It shows the relationship of the current closing price to the high-low range over a specified period.
Assessment: Williams %R values above -20 are typically considered overbought and may indicate a potential price reversal. Values below -80 are often viewed as oversold, suggesting a potential price bounce.
Relative Volatility Index (RVI)
A technical indicator that measures the volatility of a security by comparing the magnitude of recent price movements to the magnitude of average price changes. It helps identify periods of high or low volatility.
Assessment: A higher RVI value suggests higher volatility, which can provide trading opportunities but also carries increased risk.
Commodity Channel Index (CCI)
A versatile indicator that measures the current price level relative to an average price level over a given period. It helps identify overbought or oversold conditions and potential trend reversals.
Assessment: CCI values above 100 are often considered overbought, indicating a potential price correction or reversal. Values below -100 are typically viewed as oversold, suggesting a potential price rebound.