We Like The Quality Of China Petroleum Engineering's (SHSE:600339) Earnings
May 03
Chinese (SSE) Oil and Gas Services Industry Analysis
UpdatedMay 17, 2024
DataAggregated Company Financials
Companies27
- 7D-0.7%
- 3M16.9%
- 1Y0.4%
- YTDn/a
The Oil and Gas Services industry is up 1.6% in the last week, with Yantai Jereh Oilfield Services Group up 6.2%. In the same time, Houpu Clean Energy Group was down 7.4%. Despite this gain, the industry's performance has been flat over the past year. Earnings are forecast to grow by 19% annually.
Industry Valuation and Performance
Has the Chinese Oil and Gas Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 17 May 2024 | CN¥223.2b | CN¥241.9b | CN¥11.4b | 24.5x | 19.6x | 0.9x |
| Sun, 14 Apr 2024 | CN¥223.0b | CN¥238.9b | CN¥10.7b | 24.5x | 20.9x | 0.9x |
| Tue, 12 Mar 2024 | CN¥211.4b | CN¥243.0b | CN¥11.2b | 22.8x | 18.8x | 0.9x |
| Thu, 08 Feb 2024 | CN¥184.5b | CN¥243.0b | CN¥11.2b | 18.5x | 16.4x | 0.8x |
| Sat, 06 Jan 2024 | CN¥208.7b | CN¥242.2b | CN¥10.1b | 26.5x | 20.7x | 0.9x |
| Mon, 04 Dec 2023 | CN¥213.7b | CN¥242.2b | CN¥10.1b | 27.8x | 21.2x | 0.9x |
| Wed, 01 Nov 2023 | CN¥214.2b | CN¥239.8b | CN¥9.9b | 27.5x | 21.6x | 0.9x |
| Fri, 29 Sep 2023 | CN¥230.2b | CN¥239.0b | CN¥9.8b | 28.4x | 23.6x | 1x |
| Sun, 27 Aug 2023 | CN¥213.8b | CN¥236.8b | CN¥10.0b | 29.2x | 21.4x | 0.9x |
| Tue, 25 Jul 2023 | CN¥222.1b | CN¥238.6b | CN¥9.7b | 29.6x | 22.9x | 0.9x |
| Thu, 22 Jun 2023 | CN¥208.3b | CN¥239.1b | CN¥9.8b | 29.3x | 21.3x | 0.9x |
| Sat, 20 May 2023 | CN¥219.0b | CN¥239.2b | CN¥10.8b | 30.7x | 20.3x | 0.9x |
| Mon, 17 Apr 2023 | CN¥233.4b | CN¥216.3b | CN¥8.4b | 49x | 28x | 1.1x |
| Wed, 15 Mar 2023 | CN¥220.8b | CN¥232.3b | CN¥6.9b | 52.7x | 32x | 1x |
| Fri, 10 Feb 2023 | CN¥229.7b | CN¥232.2b | CN¥7.0b | 51.5x | 33x | 1x |
| Sun, 08 Jan 2023 | CN¥211.2b | CN¥232.2b | CN¥7.0b | 42.2x | 30.3x | 0.9x |
| Tue, 06 Dec 2022 | CN¥229.9b | CN¥232.2b | CN¥7.0b | 44.4x | 33x | 1x |
| Thu, 03 Nov 2022 | CN¥208.3b | CN¥232.2b | CN¥7.0b | 42.4x | 29.9x | 0.9x |
| Sat, 01 Oct 2022 | CN¥204.9b | CN¥228.0b | CN¥6.5b | 41.5x | 31.8x | 0.9x |
| Mon, 29 Aug 2022 | CN¥227.8b | CN¥220.4b | CN¥6.1b | 46.3x | 37.4x | 1x |
| Wed, 27 Jul 2022 | CN¥206.4b | CN¥216.8b | CN¥5.6b | 44.6x | 36.8x | 1x |
| Fri, 24 Jun 2022 | CN¥206.6b | CN¥216.8b | CN¥5.6b | 47.6x | 36.8x | 1x |
| Sun, 22 May 2022 | CN¥194.8b | CN¥216.8b | CN¥5.6b | 43.7x | 34.7x | 0.9x |
| Tue, 19 Apr 2022 | CN¥205.5b | CN¥204.0b | CN¥5.5b | 35.1x | 37.6x | 1x |
| Thu, 17 Mar 2022 | CN¥211.3b | CN¥201.5b | CN¥6.1b | 32.6x | 34.5x | 1x |
| Sat, 12 Feb 2022 | CN¥230.8b | CN¥200.5b | CN¥6.2b | 30.4x | 37.1x | 1.2x |
| Mon, 10 Jan 2022 | CN¥232.3b | CN¥198.9b | CN¥6.2b | 27.4x | 37.6x | 1.2x |
| Wed, 08 Dec 2021 | CN¥217.6b | CN¥198.9b | CN¥6.2b | 30.9x | 35.2x | 1.1x |
| Fri, 05 Nov 2021 | CN¥212.0b | CN¥198.9b | CN¥6.2b | 31.3x | 34.3x | 1.1x |
| Sun, 03 Oct 2021 | CN¥229.0b | CN¥192.5b | CN¥5.9b | 26.2x | 38.7x | 1.2x |
| Tue, 31 Aug 2021 | CN¥210.2b | CN¥192.5b | CN¥5.9b | 25.8x | 35.6x | 1.1x |
| Wed, 07 Jul 2021 | CN¥200.2b | CN¥192.5b | CN¥5.9b | 24.2x | 33.9x | 1x |
Price to Earnings Ratio
38.9x
Current Industry PE
- Investors are pessimistic on the Chinese Oil and Gas Equipment and Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 19.7x which is lower than its 3-year average PE of 30.0x.
- The industry is trading close to its 3-year average PS ratio of 0.98x.
Past Earnings Growth
- The earnings for companies in the Oil and Gas Equipment and Services industry have grown 31% per year over the last three years.
- Revenues for these companies have grown 9.3% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Chinese Oil and Gas Services compare with similar industries?
| CN Market | -1.53% | |
| Energy | -1.33% | |
| Energy Services | -0.67% | |
| Oil and Gas Services | -0.69% | |
| Oil and Gas Drilling | 1.00% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 600968 CNOOC Energy Technology & Services | CN¥4.24 | 1.7% +CN¥711.6m | 25.4% | PE13.6x | |
| 600339 China Petroleum Engineering | CN¥3.45 | 1.2% +CN¥223.3m | -16.7% | PE24.7x | |
| 301158 Dezhou United Petroleum TechnologyLtd | CN¥15.98 | 8.1% +CN¥178.4m | -6.4% | PE27.5x | |
| 2353 Yantai Jereh Oilfield Services Group | CN¥33.05 | 0.4% +CN¥122.5m | 30.2% | PE13.6x | |
| 603036 Jiangsu Rutong Petro-Machinery | CN¥12.26 | 2.3% +CN¥57.7m | 17.1% | PE25x |
