China Oilfield Services Limited Class H (HK:2883)
:2883
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2883 Stock Chart & Stats
HK$7.42
-HK$0.15(-2.08%)
At close: 4:00 PM EST
HK$7.42
-HK$0.15(-2.08%)
Day’s Range― - ―
52-Week RangeHK$6.16 - HK$11.74
Previous CloseN/A
Volume3.26M
Average Volume (3M)8.93M
Market Cap
HK$59.11B
Enterprise ValueHK$60.66B
Total Cash (Recent Filing)HK$11.73B
Total Debt (Recent Filing)HK$15.52B
Price to Earnings (P/E)16.2
Beta0.59
Next Earnings
Aug 26, 2026EPS Estimate
0.23Next Dividend Ex-DateN/A
Dividend Yield3.59%
Share Statistics
EPS (TTM)0.54
Shares Outstanding1,811,124,000
10 Day Avg. Volume8,780,496
30 Day Avg. Volume8,934,203
Financial Highlights & Ratios
PEG Ratio0.37
Price to Book (P/B)0.64
Price to Sales (P/S)0.60
P/FCF Ratio5.55
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$11.98Price Target Upside61.46% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.94
Revenue Forecast (FY)HK$52.33B
Bulls Say, Bears Say
Bulls Say
Improving ProfitabilitySustained improvement in operating profit and segment margins reflects better pricing, utilization and cost control across drilling and well services. These structural margin gains support recurring earnings quality and give resilience through oilfield cycles, improving mid‑term return generation.
Long-term Contracts & Geographic ExpansionSecuring multi-year contracts and frameworks across Middle East, Iraq and Kazakhstan materially raises revenue visibility and diversifies country exposure. Long-term contracts lock in utilization and reduce sensitivity to short-term day‑rate swings, supporting steadier cash flows over the next several quarters.
Healthier Balance SheetLower leverage and steadily growing equity provide financial flexibility to withstand cyclical downturns and fund contract-heavy operations. A moderate leverage profile supports capex and bidding for large projects without excessive refinancing risk, preserving strategic optionality over months.
Bears Say
Weak Free Cash Flow ConversionFree cash flow conversion well below net income indicates earnings are not translating into equivalent cash, driven by capex and working‑capital swings. This reduces internal funding for dividends, debt paydown and reinvestment, increasing reliance on external financing in adverse cycles.
Significant FX ExposureMaterial FX translation/transaction losses compress reported profitability and add volatility to earnings. Ongoing currency exposure complicates forecasting, may require hedging or accounting changes, and can erode margins unpredictably if international revenue mix grows.
Operational & Regional Disruption RiskHigher scheduled maintenance and geopolitically driven interruptions reduce fleet utilization and revenue visibility. For an asset‑heavy service provider, prolonged repair cycles or regional stoppages can depress day‑rates and utilization for quarters, pressuring margins and contract delivery reliability.
China Oilfield Services News
2883 FAQ
What was China Oilfield Services Limited Class H’s price range in the past 12 months?
China Oilfield Services Limited Class H lowest stock price was HK$6.16 and its highest was HK$11.74 in the past 12 months.
What is China Oilfield Services Limited Class H’s market cap?
China Oilfield Services Limited Class H’s market cap is HK$59.11B.
When is China Oilfield Services Limited Class H’s upcoming earnings report date?
China Oilfield Services Limited Class H’s upcoming earnings report date is Aug 26, 2026 which is in 78 days.
How were China Oilfield Services Limited Class H’s earnings last quarter?
China Oilfield Services Limited Class H released its earnings results on Apr 22, 2026. The company reported HK$0.207 earnings per share for the quarter, missing the consensus estimate of HK$0.672 by -HK$0.464.
Is China Oilfield Services Limited Class H overvalued?
According to Wall Street analysts China Oilfield Services Limited Class H’s price is currently Undervalued.
Does China Oilfield Services Limited Class H pay dividends?
China Oilfield Services Limited Class H pays a Annually dividend of HK$0.324 which represents an annual dividend yield of 3.59%. See more information on China Oilfield Services Limited Class H dividends here
What is China Oilfield Services Limited Class H’s EPS estimate?
China Oilfield Services Limited Class H’s EPS estimate is 0.23.
How many shares outstanding does China Oilfield Services Limited Class H have?
China Oilfield Services Limited Class H has 1,811,124,000 shares outstanding.
What happened to China Oilfield Services Limited Class H’s price movement after its last earnings report?
China Oilfield Services Limited Class H reported an EPS of HK$0.207 in its last earnings report, missing expectations of HK$0.672. Following the earnings report the stock price went down -0.916%.
Which hedge fund is a major shareholder of China Oilfield Services Limited Class H?
Currently, no hedge funds are holding shares in HK:2883
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
China Oilfield Services Stock Smart Score
Neutral
1
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3
4
5
6
7
8
9
10
Technicals
SMA
Positive
20 days / 200 days
Momentum
-4.63%
12-Months-Change
Fundamentals
Return on Equity
8.25%
Trailing 12-Months
Asset Growth
8.83%
Trailing 12-Months
Company Description
China Oilfield Services Limited Class H
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.
2883 Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed predominantly positive operational momentum: strong Q1 operating profit growth (+22% YoY), improved well-service margins (+2pp to 18.2%) and revenue growth in key segments, plus contract wins and geographic expansion (Brazil, Middle East, Kazakhstan). However, material challenges were highlighted including a sizeable Q1 exchange loss (CNY 303m), increased scheduled maintenance (jackups), Middle East disruptions, and notable oil-price and FX-driven forecasting uncertainty. On balance the operational strength and contract wins outweigh the financial and regional headwinds, though risks remain.View all HK:2883 earnings summaries2883 Stock 12 Month Forecast
Average Price Target
HK$11.98
▲(61.46% Upside)
Technical Analysis
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Options Prices
Currently, No data available
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