Risk factor
Fair trading liquidity
Profitability factor
Favourable analyst view
About
Sinopec Oilfield Equipment Corporation is a prominent enterprise dedicated to the innovation, production, and servicing of specialized machinery for the global petroleum and natural gas sectors, operating both within China and abroad. Its extensive product line encompasses a wide array of critical equipment: this includes various drilling apparatus, units for well cementing, fracturing, workover, coiled tubing, and snubbing operations, alongside diverse drill bits and downhole instruments. The company also supplies steel pipes, natural gas compressors and pressurization equipment, environmental protection solutions tailored for oilfields, and sophisticated flow control products. Furthermore, it offers integrated petroleum system equipment, inspection tools for the petroleum and petrochemical industries, and comprehensive repair and maintenance services. These offerings are essential for exploration, extraction, transportation, and offshore engineering activities within the oil and gas industry. The company, originally founded in 1973 as Kingdream Public Limited Company, changed its official designation to Sinopec Oilfield Equipment Corporation in July 2015. Headquartered in Wuhan, China, it operates as a subsidiary of the state-owned China Petrochemical Corporation.
Company Valuation
From both historical and forecast perspectives, the stock is considerably overpriced compared to similar stocks. In particular, the stock is overpriced on P/E, 'expensive
Target Price
The average target price of 000852.SZ is 9.0 and suggests 63% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to in