Tong Petrotech Corp. provides technical support and services for oil and gas exploration and development in China and internationally. The company also manufactures and sells equipment for oil drilling and production; and sells civilian explosives, gas and liquid separation, and purification equipment. In addition, It offers integrated technical services, including directional drilling, logging, perforation, and fracturing. The company was formerly known as Tong Oil Tools Co., Ltd. and changed its name to Tong Petrotech Corp. in June 2019. Tong Petrotech Corp. was founded in 1995 and is headquartered in Xi'an, the People's Republic of China.
Research context
Tong Petrotech Corp appears in PyInvesting’s Shenzhen Stock catalogue. The price history above describes this recorded instrument; it does not by itself identify a company’s business or establish a continuous investment return.
- Currency
- CNY
- Sector
- Energy
- Industry
- Oil & Gas Equipment & Services
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5 years, 6 months ago
Tong Petrotech Corp is currently in a long term uptrend where the price is trading 7.5% above its 200 day moving average.
From a valuation standpoint, the stock is 22.3% cheaper than other stocks from the Energy sector with a price to sales ratio of 1.9.
Tong Petrotech Corp's total revenue sank by 67.3% to $137M since the same quarter in the previous year.
Its net income has dropped by 235.1% to $-60M since the same quarter in the previous year.
Finally, its free cash flow fell by 97.1% to $896K since the same quarter in the previous year.
Based on the above factors, Tong Petrotech Corp gets an overall score of 2/5.