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1 Comment
Offshore Oil Engineering Co., Ltd is currently in a long term downtrend where the price is trading 1.1% below its 200 day moving average.
From a valuation standpoint, the stock is 55.0% cheaper than other stocks from the Energy sector with a price to sales ratio of 1.1.
Offshore Oil Engineering Co., Ltd's total revenue sank by 9.8% to $6B since the same quarter in the previous year.
Its net income has dropped by 57.2% to $284M since the same quarter in the previous year.
Finally, its free cash flow grew by 324.0% to $578M since the same quarter in the previous year.
Based on the above factors, Offshore Oil Engineering Co., Ltd gets an overall score of 2/5.
| Exchange | SHG |
|---|---|
| CurrencyCode | CNY |
| ISIN | CNE0000019T2 |
| Sector | Energy |
| Industry | Oil & Gas Equipment & Services |
| Market Cap | 24B |
|---|---|
| Target Price | 5.95 |
| PE Ratio | 11.2 |
| Beta | 0.61 |
| Dividend Yield | None |
Offshore Oil Engineering Co.,Ltd engages in the design, procurement, construction, offshore installation, commissioning and maintenance of offshore oil and gas development projects in China and internationally. It engages in the general contracting; design of oil and gas, and construction projects; planning and evaluation consulting of oil and gas projects; construction of various types of offshore oil construction projects and other marine projects, and land-based petrochemical projects; production and installation of various steel structures and grids; design and manufacture of pressure vessels and pipelines; and research and development, manufacture, and sales of electric and instrumentation automation products, quality control and inspection, physical and chemical, measurement and mapping, and related technical services. The company is involved in the export of products and technologies; the import of raw and auxiliary materials, instruments and meters, machinery equipment, spare parts, and technologies; contracting of offshore oil projects and domestic international bidding projects; contracting survey, consultation, design, and supervision of the projects; exporting of equipment and materials; dispatching of laborers; domestic coastal general cargo ship transportation; international general cargo transportation; leasing of owned houses; and the sale of steel, pipe fittings, cables, valves, instruments, hardware, and electricity. In addition, it offers non-destructive test services. The company was founded in 2000 and is headquartered in Tianjin, China. Offshore Oil Engineering Co.,Ltd operates as a subsidiary of China National Offshore Oil Corporation.
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