TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
The latest announcement is out from China Oilfield Services ( (HK:2883) ).
China Oilfield Services Limited announced that its controlling shareholder, China National Offshore Oil Corporation (CNOOC), increased its shareholding by acquiring 16,008,000 H shares, representing approximately 0.34% of the total issued shares. This move is part of a broader Shareholding Increase Plan, which aims to strengthen CNOOC’s position in the company. However, due to market fluctuations, the increase has not yet reached 50% of the planned amount, and CNOOC intends to continue acquiring shares as conditions allow. The plan complies with relevant Chinese securities laws, and the company will continue to monitor and disclose its progress.
The most recent analyst rating on (HK:2883) stock is a Hold with a HK$7.50 price target. To see the full list of analyst forecasts on China Oilfield Services stock, see the HK:2883 Stock Forecast page.
More about China Oilfield Services
China Oilfield Services Limited operates in the oilfield services industry, providing a range of services such as drilling, well services, and marine support to the oil and gas sector. The company primarily focuses on serving the offshore oil and gas exploration and production market.
Average Trading Volume: 9,459,494
Technical Sentiment Signal: Sell
Current Market Cap: HK$55.67B
Learn more about 2883 stock on TipRanks’ Stock Analysis page.