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Petro-king Oilfield Services Ltd. (2178) Stock Price & Analysis

2178 Stock Chart & Stats

HK$0.18-HK$0.01(-3.26%)
At close: 4:08 PM GMT+8
HK$0.2HK$0.25HK$0.310 Aug24 Aug7 Sep21 Sep5 Oct20 Oct2 Nov
Day’s Range
HKD 0.18 - HKD 0.18
52-Week Range
HKD 0.05 - HKD 0.39
Previous Close
HKD 0.18
Volume
N/A
Average Volume (3M)
1.09M
Market Cap
HKD 317.71M
Enterprise Value
HKD 398.67M
Total Cash (Recent Filing)
HKD 24.99M
Total Debt (Recent Filing)
HKD 127.42M
Price to Earnings (P/E)
―
Beta
-0.95
Next Earnings
Mar 31, 2027 (Est.)
EPS Estimate
N/A
Last Dividend Ex-Date
Jun 23, 2014
Dividend Yield
N/A

Bulls Say, Bears Say

Bulls Say

Profitability Recovery

Returning to positive net income demonstrates that the company can restore profitability after difficult operating periods. If sustained, the recovery can strengthen internal funding capacity, improve resilience, and support continued investment in its oilfield products and technical-services platform.

Improving Leverage

Lower leverage improves financial flexibility and reduces the burden that debt places on future cash flows. The decline from prior peaks gives management more capacity to withstand cyclical oilfield demand, fund operations, and allocate capital without relying as heavily on additional borrowing.

Positive Cash Conversion

Positive operating and free cash flow, together with conversion near 90% of net income, indicates that recent earnings were supported by cash generation rather than accounting profit alone. This improves the company’s ability to fund working capital, service obligations, and support ongoing operations.

Bears Say

Earnings Volatility

Recurring swings in revenue, margins, and profitability make the earnings base less predictable than a stable services business. This volatility can complicate planning, reduce confidence in sustained returns, and leave results sensitive to changing upstream activity and project execution.

Modest Margins

A modest operating margin leaves limited room to absorb weaker pricing, cost increases, or execution setbacks. The pronounced variation in gross margin also suggests that profitability may depend heavily on contract mix and delivery performance, making durable margin expansion harder to establish.

Inconsistent Cash Flow

Although cash generation was positive in the latest year, its decline and prior negative periods show that cash conversion is not consistently dependable across the cycle. Volatile cash flow can constrain reinvestment, increase reliance on financing during weaker periods, and heighten project-timing risk.

Petro-king Oilfield Services Ltd. News

2178 FAQ

What was Petro-king Oilfield Services Ltd.’s price range in the past 12 months?
Petro-king Oilfield Services Ltd. lowest stock price was HK$0.05 and its highest was HK$0.39 in the past 12 months.
What is Petro-king Oilfield Services Ltd.’s market cap?
Petro-king Oilfield Services Ltd.’s market cap is HK$317.71M.
When is Petro-king Oilfield Services Ltd.’s upcoming earnings report date?
The company’s upcoming earnings report date is not yet available.
How were Petro-king Oilfield Services Ltd.’s earnings last quarter?
Petro-king Oilfield Services Ltd. released its earnings results on Aug 14, 2026. The company reported -HK$0.02 earnings per share for the quarter.
Is Petro-king Oilfield Services Ltd. overvalued?
Not enough analysts have published a price target to calculate whether the price is overvalued.
Does Petro-king Oilfield Services Ltd. pay dividends?
Petro-king Oilfield Services Ltd. pays a Notavailable dividend of HK$0.045 which represents an annual dividend yield of ―. See more information on Petro-king Oilfield Services Ltd. dividends here
What is Petro-king Oilfield Services Ltd.’s EPS estimate?
Petro-king Oilfield Services Ltd.’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Petro-king Oilfield Services Ltd. have?
Petro-king Oilfield Services Ltd. has 1,726,674,700 shares outstanding.
What happened to Petro-king Oilfield Services Ltd.’s price movement after its last earnings report?
Petro-king Oilfield Services Ltd. reported an EPS of -HK$0.02 in its last earnings report. Following the earnings report the stock price went up 7.547%.
Which hedge fund is a major shareholder of Petro-king Oilfield Services Ltd.?
Currently, no hedge funds are holding shares in HK:2178
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology