China Oilfield Services (2883) AI Stock Analysis

• Market Cap: $57.47B
• Dividend Yield: 3.77%
• Average Volume (3M): 13.24M
• Price to Earnings (P/E): 9.3
• Beta (1Y): 0.55
• Revenue Growth: 7.72%
• EPS Growth: 2.35%
• Country: HK
• Employees: 15,509
• Sector: Energy
• Sector Strength: 56
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): 0.20
• Shares Outstanding: 1,811,124,000
• 10 Day Avg. Volume: 12,536,083
• 30 Day Avg. Volume: 13,239,843
• PEG Ratio: 0.03
• Price to Book (P/B): 1.02
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 14.49
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $8.63
• Price Target Upside: 28.10% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 68 Neutral
• Price Target: HK$7.50 ▲(11.28%Upside)

China Oilfield Services is well-positioned within its industry, with strong financial performance and attractive valuation. The bullish technical indicators suggest strong market momentum, though potential overbought conditions could pose a risk. The stock offers a good balance between growth and income potential.

China Oilfield Services Business Overview & Revenue Model

Company Description

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.

How the Company Makes Money

China Oilfield Services Limited generates revenue through its diverse portfolio of services catering to the oil and gas sector. Key revenue streams include drilling services, where the company provides offshore drilling rigs and platforms to explore and extract hydrocarbons. Additionally, COSL offers well services, including logging, cementing, and completion, which are crucial for the efficient and safe operation of oil wells. Geophysical and surveying services contribute to its earnings by providing seismic data and analysis crucial for exploration activities. Marine support and transportation services, utilizing a fleet of vessels, also form an integral part of its revenue model, facilitating the movement of personnel, equipment, and supplies necessary for offshore operations. The company benefits from strategic partnerships and collaborations with major oil and gas companies, both within China and internationally, which help secure contracts and expand its market presence.

China Oilfield Services Financial Statement Overview

Summary

China Oilfield Services demonstrates solid financial health with consistent revenue growth and strong profit margins. The balance sheet is stable with manageable leverage and good equity levels. However, the decline in free cash flow growth suggests potential cash generation challenges.

Income Statement

China Oilfield Services has shown consistent revenue growth with a solid TTM revenue increase of 1.34%. Gross profit margin stands at a robust 15.97%, while net profit margin is strong at 6.92%. The company demonstrates healthy operational efficiency with an EBIT margin of 10.37% and an EBITDA margin of 11.34%. These figures signal strong profitability and operational stability.

Balance Sheet

The debt-to-equity ratio is moderate at 0.23, indicating prudent leverage. Return on equity is decent at 7.58%, reflecting effective utilization of shareholder funds. The equity ratio is solid at 53.62%, suggesting financial stability, though there is room for improvement in asset efficiency.

Cash Flow

The free cash flow growth rate is negative, indicating challenges in cash generation. However, the operating cash flow to net income ratio is healthy at 0.75, suggesting cash flow reliability. The free cash flow to net income ratio is also strong at 0.14, underscoring effective cash management despite the decline in free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	48.95B	48.30B	44.11B	35.66B	29.20B	28.96B
Gross Profit	7.82B	7.58B	7.00B	4.38B	4.79B	6.67B
EBITDA	5.55B	10.56B	9.75B	7.92B	5.91B	8.45B
Net Income	3.39B	3.14B	3.01B	2.36B	313.18M	2.70B
Balance Sheet
Total Assets	83.38B	82.95B	83.25B	77.18B	73.31B	75.94B
Cash, Cash Equivalents and Short-Term Investments	7.87B	11.47B	12.72B	9.23B	10.82B	12.13B
Total Debt	10.24B	10.09B	21.62B	22.22B	23.44B	25.81B
Total Liabilities	38.01B	38.52B	40.99B	37.29B	35.10B	37.25B
Stockholders Equity	44.71B	43.80B	41.64B	39.33B	38.03B	38.51B
Cash Flow
Free Cash Flow	460.03M	4.99B	3.62B	2.76B	3.67B	3.36B
Operating Cash Flow	2.55B	11.02B	13.10B	6.90B	7.42B	7.55B
Investing Cash Flow	-393.98M	-5.08B	-7.46B	-3.73B	-4.73B	-3.34B
Financing Cash Flow	-5.79B	-6.46B	-3.28B	-4.87B	-4.20B	-727.05M

China Oilfield Services Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 6.74
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2883, the sentiment is Positive. The current price of 6.74 is above the 20-day moving average (MA) of 6.55, above the 50-day MA of 6.18, and above the 200-day MA of 6.46, indicating a bullish trend. The MACD of 0.11 indicates Positive momentum. The RSI at 62.20 is Neutral, neither overbought nor oversold. The STOCH value of 68.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2883.

China Oilfield Services Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2883	68 Neutral	$57.47B	9.33	7.81%	3.77%	7.72%	2.35%
Sector *	52 Neutral	C$2.91B	-0.93	-3.26%	6.13%	2.20%	-43.43%
ATONF		$542.62M	19.77	7.26%	1.45%	―	―
JUTOF		$179.24M	6.24	8.83%	―	―	―
SHANF		$619.51M	―	-45.09%	―	―	―
8HL		€20.69M	―		―	―	―
1921	41 Neutral	HK$8.09B	1,816.33	-5.55%	0.74%	-16.30%	-156.80%

China Oilfield Services Corporate Events

China Oilfield Services Approves Key Resolutions at Annual Meetings

China Oilfield Services Limited successfully held its Annual General Meeting and H Shareholders’ Class Meeting on May 22, 2025, where all proposed resolutions were passed. The meetings, attended by a significant portion of shareholders, approved key resolutions such as the audited financial statements, profit distribution plan, and reports from the Board of Directors and Supervisory Committee, indicating strong shareholder support and compliance with legal and regulatory requirements.

The most recent analyst rating on (HK:2883) stock is a Buy with a HK$11.00 price target. To see the full list of analyst forecasts on China Oilfield Services stock, see the HK:2883 Stock Forecast page.

China Oilfield Services Updates Final Dividend Details for 2024

China Oilfield Services Limited announced an update on its final cash dividend for the year ended December 31, 2024. The dividend is set at RMB 0.2306 per share, with a payment date of June 30, 2025. The update includes details on the exchange rate, withholding tax, and payment logistics, reflecting the company’s commitment to maintaining transparency and shareholder value. This announcement may impact the company’s financial positioning and shareholder relations, particularly concerning tax implications for non-resident shareholders.

The most recent analyst rating on (HK:2883) stock is a Buy with a HK$11.00 price target. To see the full list of analyst forecasts on China Oilfield Services stock, see the HK:2883 Stock Forecast page.

China Oilfield Services Announces 2025 AGM with Key Resolutions

China Oilfield Services Limited has announced its Annual General Meeting (AGM) scheduled for May 22, 2025, where key resolutions will be considered. These include approving financial statements, profit distribution, re-appointment of directors, and extending US Dollar loans. The meeting will also address the issuance of overseas-listed shares, which could impact the company’s capital structure and market positioning.

China Oilfield Services Announces Share Buyback Mandate

China Oilfield Services Limited has announced a class meeting for H shareholders to consider a special resolution granting the company’s Board a general mandate to buy back up to 10% of its domestic and overseas-listed foreign invested shares. This move is aimed at optimizing the company’s capital structure and potentially enhancing shareholder value, reflecting a strategic approach to adapt to market conditions and regulatory requirements.

China Oilfield Services Updates Final Dividend for 2024

China Oilfield Services Limited announced an update to its final cash dividend for the year ended December 31, 2024, declaring a dividend of RMB 0.2306 per share. The announcement includes key dates for shareholders, such as the ex-dividend date on June 9, 2025, and the payment date on June 30, 2025. This update reflects the company’s commitment to returning value to its shareholders, potentially strengthening its market position and investor confidence.

China Oilfield Services Reports Strong Q1 2025 Results with Revenue and Profit Growth

China Oilfield Services Limited announced its first quarterly results for 2025, reporting a 6.4% increase in revenue to 10,797.5 million Yuan compared to the same period last year. The company also saw a significant rise in net profit attributable to shareholders by 39.6%, reaching 887.2 million Yuan, despite a negative net cash flow from operating activities.

China Oilfield Services to Announce Q1 2025 Results and Host Investor Call

China Oilfield Services Limited announced it will release its 2025 first quarterly results on April 23, 2025, via the Hong Kong Stock Exchange website. The company will hold a results presentation through a telephone conference on the same day to discuss its operating position and address investor concerns, highlighting its commitment to transparency and stakeholder engagement.

CNOOC to Boost Stake in China Oilfield Services with Major Shareholding Increase Plan

China Oilfield Services Limited announced that its controlling shareholder, China National Offshore Oil Corporation (CNOOC), plans to increase its shareholdings in the company by purchasing additional A shares and H shares over the next 12 months. This Shareholding Increase Plan, valued between RMB300 million and RMB500 million, will be executed through centralized price bidding and trading systems in Shanghai and Hong Kong. The move reflects CNOOC’s confidence in the company’s future prospects and aims to strengthen its market position. However, the plan’s implementation is subject to market conditions and regulatory requirements, with potential risks of partial or non-implementation.

China Oilfield Services Schedules Board Meeting for Quarterly Results

China Oilfield Services Limited has announced a board meeting scheduled for April 23, 2025, to consider and potentially approve the company’s first quarterly results for the period ending March 31, 2025. This announcement indicates the company’s ongoing commitment to transparency and timely financial reporting, which is crucial for maintaining investor confidence and strategic positioning in the competitive oilfield services industry.