China Oilfield Services (OTCMKTS:CHOLF) Stock Price Up 1.2% – Here’s What Happened

China Oilfield Services Limited (OTCMKTS:CHOLF)’s stock price rose 1.2% during mid-day trading on Friday. The company traded as high as $0.98 and last traded at $0.98. Approximately 2,000 shares were traded during trading, an increase of 120% from the average session volume of 908 shares. The stock had previously closed at $0.9684.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group initiated coverage on China Oilfield Services in a research note on Wednesday, September 23rd. They issued a “buy” rating for the company. One research analyst has rated the stock with a Buy rating. According to MarketBeat.com, the company has an average rating of “Buy”.

China Oilfield Services Stock Performance

The business has a 50 day moving average price of $0.93 and a two-hundred day moving average price of $1.02.

About China Oilfield Services

China Oilfield Services Limited (OTCMKTS:CHOLF), commonly known as COSL, is an oilfield services company that provides technical and operational support to oil and gas exploration and production companies. The company is a subsidiary of China National Offshore Oil Corporation (CNOOC) and is headquartered in China.

COSL’s services include offshore drilling, well services, marine support, geophysical exploration and related oilfield technologies. Its drilling operations involve mobile offshore drilling units and other equipment, while its well services business supports activities such as well testing, completion, stimulation and maintenance.