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

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

Analyst Ratings Changes

Separately, Jefferies Financial Group started coverage on shares of China Oilfield Services in a report on Wednesday, September 23rd. They set a “buy” rating for the company. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat, the stock has a consensus rating of “Buy”.

China Oilfield Services Stock Performance

The company has a 50 day moving average price of $0.93 and a 200-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.