- China Oilfield’s 1Q revenue increased to 10.15 billion yuan from 8.46 billion yuan y/y.
- The year on year increase in revenue stands at 20%.
- Net income for the first quarter rose to 635 million yuan, which is a 57% increase y/y.
- Rig utilization saw a slight decrease from 80% in the previous year to 79.2% this year.
- EPS (Earnings Per Share) increased notably from 8.470 RMB cents to 13.32 RMB cents y/y.
- Out of total 15 feedbacks from various places, 13 suggests to buy China Oilfields shares, 1 suggests to hold, and 1 suggests to sell.
A look at China Oilfield Services H Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 4 | |
| Growth | 2 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma’s Smart Scores, China Oilfield Services H holds a positive long-term outlook. With top marks in Value and Momentum, the company is considered to be in a strong position in terms of its intrinsic worth and market performance. This indicates a promising future for investors seeking potential growth opportunities in the oilfield services sector.
While the Growth score lags behind, China Oilfield Services H still demonstrates solid overall performance with respectable scores in Dividend and Resilience. These scores suggest the company’s ability to provide stable returns to shareholders and withstand market challenges. In summary, China Oilfield Services H, a provider of oilfield services including geophysical prospecting and drilling, presents a favorable investment opportunity based on its Smart Scores profile.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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