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China Oilfield Services (2883) Stock Price & Analysis
2883 Stock Chart & Stats
- Day’s Range
- HKD 7.46 - HKD 7.84
- 52-Week Range
- HKD 6.09 - HKD 11.74
- Previous Close
- HKD 7.77
- Volume
- N/A
- Average Volume (3M)
- 10.35M
- Market Cap
- HKD 61.59B
- Enterprise Value
- HKD 37.67B
- Total Cash (Recent Filing)
- HKD 7.48B
- Total Debt (Recent Filing)
- HKD 15.05B
- Price to Earnings (P/E)
- 16.6
- Beta
- 0.52
- Next Earnings
- Mar 25, 2027 (Est.)
- EPS Estimate
- 0.02
- Last Dividend Ex-Date
- Jun 09, 2026
- Dividend Yield
- 4.20%
Bulls Say, Bears Say
Bulls Say
Revenue And Profitability
Sharp TTM revenue growth alongside solid operating and net margins indicates stronger business activity is translating into earnings. If profitability remains resilient, COSL can reinvest in equipment, support expansion, and build a more durable earnings base over the next several quarters.
Balance Sheet And Cash Flow
Material deleveraging since 2021–2022 and steadily rising equity improve financial resilience for a capital-intensive services business. Positive operating cash flow also supports funding needs and gives COSL greater flexibility to manage investment and contract cycles.
Utilization And Service Profitability
High utilization and sustained technical-services profitability show that COSL is converting its equipment base and specialist capabilities into attractive operating returns. These operating strengths can support cash generation and reinforce its position as offshore activity expands.
Bears Say
EBITDA Margin Pressure
The substantial EBITDA margin decline suggests that higher costs, project mix, or operating leverage are absorbing part of the benefit from rapid revenue growth. Unless margins recover, weaker conversion of sales into operating earnings could limit durable profit expansion.
Foreign-Exchange Losses
Recurring exposure to overseas institutions and mismatched denomination currencies creates a meaningful earnings drag when exchange rates move adversely. Continued FX losses could dilute otherwise solid operating performance and make reported profits less predictable.
Capital Investment Execution
Lower-than-planned capital spending may delay vessel or rig additions while tight equipment availability limits the ability to serve projects promptly. That combination could constrain capacity expansion and make execution more difficult as planned industry investment intensifies.
China Oilfield Services News
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China Oilfield Services Stock Smart Score
Company Description
China Oilfield Services
China Oilfield Services Limited (COSL), a subsidiary of China National Offshore Oil Corporation, is headquartered in Sanhe, China, and, along with its various operating units, delivers a comprehensive suite of offshore oilfield services both within Mainland China and across global markets. Its operations are structured into four primary divisions: Drilling Services, Well Services, Marine Support Services, and Geophysical Acquisition and Surveying Services. The Drilling Services segment specializes in offering various drilling rig solutions, including those for jack-up, semi-submersible, modular, and land-based operations. This also encompasses casing and tubing services, alongside the inspection and repair of running pipes, managing a significant fleet comprising 36 jack-up rigs, 12 semi-submersible rigs, and 6 modular rigs. Within Well Services, the company provides an array of essential onshore and offshore support, such as logging, management of drilling and completion fluids, precision directional drilling, cementing, well completion and workover, well stimulation, and optimization strategies for oilfield production. The Marine Support Services division encompasses a wide range of maritime operations, from anchor handling and the towing of drilling rigs or engineering barges to oil lifting, offshore transport, standby duties, firefighting, rescue missions, and oil spill response, boasting a substantial fleet of roughly 130 vessels, including anchor-handling tug/supply vessels, platform supply vessels, multi-purpose vessels, barges, and shuttle tankers. Finally, the Geophysical Acquisition and Surveying Services segment focuses on specialized marine activities like seismic data acquisition, offshore geo-surveying, the processing and interpretation of seismic data, and various underwater engineering tasks, utilizing assets that include 6 seismic vessels, 2 ocean-bottom cable teams, and 5 engineering surveying vessels. COSL also participates in the bond market.
- Sector
- Energy
- Industry
- Oil & Gas Equipment & Services
- CEO
- Jian Zhong Liu
- Employees
- 15,533
- Website
- www.cosl.com.cn
- Address
- No. 201, Haiyou Street, Sanhe, HE, 065201, CN
China Oilfield Services (2883) Earnings & Revenues
2883 Earnings Call
Earnings Call SentimentPositive
The call was predominantly positive. Management reported high equipment utilization, improving operating efficiency, stable-to-improving sector profitability, drilling performance above expectations, positive third-quarter operating cash flow, and clear plans for international and equipment expansion. These strengths were tempered by modest 3% year-on-year third-quarter revenue growth, a foreign-exchange loss that increased to RMB 720 million for the first nine months, CapEx below the RMB 8.4 billion initial guidance, tight equipment availability, and more challenging execution requirements under the 15th Five-Year Plan.
View all HK:2883 earnings summaries2883 Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 11 | 6 | 5 |
| Technical Analysis | 3 | 6 | 1 |
| Moving Averages | 8 | 0 | 4 |






