Petro-king Oilfield Services Ltd. (HK:2178)
:2178
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Petro-king Oilfield Services Ltd.
(2178)
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Select Model
Rating:58Neutral
Price Target:
HK$0.08
▲(58.00% Upside)
Action:DowngradedDate:01/29/26
The score is driven primarily by improving financial momentum (better margins and a return to positive free cash flow), offset by continued losses and declining revenue. Technicals are supportive but look overbought, while the negative P/E highlights unresolved profitability issues.
Positive Factors
Positive free cash flow
Sustained positive free cash flow improves funding flexibility for capital expenditures, debt servicing, and working capital. Over months this reduces refinancing risk, supports reinvestment in high-return services and underpins operational stability during oilfield services cycles.
Negative Factors
Persisting unprofitability
Ongoing negative net margin and ROE indicate the company still struggles to translate strong gross margins into bottom-line profitability. Persisting losses erode retained earnings, limit internal funding for growth and raise questions about long-term earnings sustainability.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive free cash flow
Sustained positive free cash flow improves funding flexibility for capital expenditures, debt servicing, and working capital. Over months this reduces refinancing risk, supports reinvestment in high-return services and underpins operational stability during oilfield services cycles.
Read all positive factors
Petro-king Oilfield Services Ltd. (2178) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$561.17M
Dividend YieldN/A
Average Volume (3M)666.29K
Price to Earnings (P/E)3.8
Beta (1Y)-0.39
Revenue Growth-36.59%
EPS Growth48.63%
CountryHK
Employees195
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)0.02
Shares Outstanding1,726,674,700
10 Day Avg. Volume441,100
30 Day Avg. Volume666,290
Financial Highlights & Ratios
PEG Ratio0.07
Price to Book (P/B)0.58
Price to Sales (P/S)0.34
P/FCF Ratio8.70
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Petro-king Oilfield Services Ltd. Business Overview & Revenue Model
Company Description
Petro-king Oilfield Services Limited, an investment holding company, provides oilfield technology services in the People's Republic of China, the Middle East, and internationally. It operates through Oilfield Project Tools and Services, Consultanc...
How the Company Makes Money
Petro-king Oilfield Services Ltd. generates revenue through multiple streams, primarily by providing specialized oilfield services to exploration and production companies. Key revenue sources include drilling services, well completion operations, ...
Petro-king Oilfield Services Ltd. Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
60
Neutral
Cash Flow
62
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 240.08M | 292.44M | 314.84M | 313.77M | 163.97M | 307.99M |
| Gross Profit | 119.18M | 225.17M | 38.76M | 24.72M | 5.89M | 64.23M |
| EBITDA | 7.79M | 31.16M | -20.09M | 17.70M | -36.66M | 52.02M |
| Net Income | -29.19M | -17.79M | -73.51M | -28.59M | -105.28M | -73.03M |
Balance Sheet | ||||||
| Total Assets | 601.01M | 642.94M | 712.01M | 823.41M | 716.49M | 1.02B |
| Cash, Cash Equivalents and Short-Term Investments | 35.40M | 15.61M | 48.17M | 39.96M | 49.97M | 29.55M |
| Total Debt | 152.51M | 148.65M | 189.95M | 231.15M | 187.15M | 351.38M |
| Total Liabilities | 429.21M | 462.68M | 520.86M | 561.68M | 425.81M | 664.27M |
| Stockholders Equity | 164.09M | 172.82M | 186.83M | 256.05M | 286.01M | 331.90M |
Cash Flow | ||||||
| Free Cash Flow | 43.71M | 11.51M | -29.58M | 19.11M | 119.80M | -32.56M |
| Operating Cash Flow | 48.51M | 19.21M | -28.71M | 22.88M | 125.43M | -8.90M |
| Investing Cash Flow | 914.00K | 15.51M | 43.60M | 27.22M | -29.07M | 23.93M |
| Financing Cash Flow | -38.27M | -42.74M | -29.49M | -28.51M | -98.86M | -16.24M |
Petro-king Oilfield Services Ltd. Technical Analysis
Positive
0.05
Price Trends
0.15
Positive
0.10
Positive
0.09
Positive
Market Momentum
0.06
Negative
61.21
Neutral
52.38
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2178, the sentiment is Positive. The current price of 0.05 is below the 20-day moving average (MA) of 0.27, below the 50-day MA of 0.15, and below the 200-day MA of 0.09, indicating a bullish trend. The MACD of 0.06 indicates Negative momentum. The RSI at 61.21 is Neutral, neither overbought nor oversold. The STOCH value of 52.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2178.
Petro-king Oilfield Services Ltd. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | HK$3.18B | 5.50 | 8.78% | 3.59% | 10.16% | 49.48% | |
67 Neutral | HK$378.20M | 2.38 | 29.99% | ― | -5.34% | 400.80% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
58 Neutral | HK$561.17M | 3.80 | 12.68% | ― | -36.59% | 48.63% | |
50 Neutral | HK$8.84B | -107.60 | -20.81% | ― | 17.21% | 59.09% | |
48 Neutral | HK$415.63M | -0.13 | -11.00% | ― | -2.11% | -779.00% | |
43 Neutral | HK$344.82M | -1.35 | -10.68% | ― | 0.97% | 33.70% |
* Energy Sector Average
HK:2178
Petro-king Oilfield Services Ltd.
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Petro-king Oilfield Services Ltd. Corporate Events
Petro-king to Acquire New Oilfield Equipment in Discloseable HK$9 Million Deal
Jan 27, 2026
Petro-king Oilfield Services Limited, through its subsidiary Petro-king Technology, has agreed to purchase new oilfield-related equipment from an independent vendor for RMB8.05 million (approximately HK$9.05 million), funding the acquisition with ...
Petro-king to Swap Legacy Fracturing Fleet for New Units in Dual Major Deal
Jan 19, 2026
Petro-king Oilfield Services’ subsidiary Petro-king Technology has agreed to sell 15 existing fracturing trucks and two instrument trucks for RMB85.5 million and simultaneously acquire 15 new fracturing trucks and two new instrument sleds fo...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.