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

Shares of China Oilfield Services Limited (OTCMKTS:CHOLF) rose 1.2% during trading on Friday. The company traded as high as $0.98 and last traded at $0.98. 2,000 shares traded 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 Upgrades and Downgrades

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

China Oilfield Services Stock Up 1.2%

The stock 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.