China Oilfield Services (CHOLY) Raised to Buy at Goldman Sachs Group

Goldman Sachs Group upgraded shares of China Oilfield Services (OTCMKTS:CHOLY) from a neutral rating to a buy rating in a research report report published on Tuesday, The Fly reports.

A number of other research analysts have also recently issued reports on CHOLY. ValuEngine cut shares of China Oilfield Services from a buy rating to a hold rating in a report on Thursday, October 18th. Zacks Investment Research cut shares of China Oilfield Services from a strong-buy rating to a hold rating in a report on Monday, August 27th.

Shares of CHOLY opened at $18.39 on Tuesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.47 and a quick ratio of 1.36. The stock has a market capitalization of $1.61 billion, a PE ratio of 919.50 and a beta of 1.11. China Oilfield Services has a one year low of $17.74 and a one year high of $26.06.

China Oilfield Services (OTCMKTS:CHOLY) last announced its quarterly earnings data on Wednesday, August 22nd. The company reported $0.19 EPS for the quarter. China Oilfield Services had a return on equity of 0.03% and a net margin of 0.05%. The firm had revenue of $753.33 million during the quarter.

About China Oilfield Services

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 and Surveying Services. The Drilling Services segment provides drilling, module rigs, land drilling rigs, and drilling rigs management services.

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