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Sinopec Oilfield Service ( (HK:1033) ) has issued an update.
Sinopec Oilfield Service Corporation has announced a significant contract with TotalEnergies Latavi Project Company for a major oilfield project in Iraq, valued at approximately USD 359 million. This contract is expected to positively impact the company’s operating revenue and total profit over the next three to four years, although potential risks such as force majeure could affect its execution.
The most recent analyst rating on (HK:1033) stock is a Buy with a HK$1.00 price target. To see the full list of analyst forecasts on Sinopec Oilfield Service stock, see the HK:1033 Stock Forecast page.
More about Sinopec Oilfield Service
Sinopec Oilfield Service Corporation is a joint stock limited company based in China, operating within the oilfield services industry. It primarily engages in the design, procurement, supply, construction, and commissioning of oilfield projects, with a focus on both domestic and international markets.
Average Trading Volume: 61,796,125
Technical Sentiment Signal: Buy
Current Market Cap: HK$34.79B
For a thorough assessment of 1033 stock, go to TipRanks’ Stock Analysis page.