ANTON OILFIELD's stock price surged 5.61% during intraday trading on Thursday. The significant upward movement followed the release of a positive research report from a major securities firm.
Everbright Securities maintained its "Buy" rating on ANTON OILFIELD, highlighting the growth potential from the company's new oilfield development business model. The report noted that despite some concerns about the Middle East situation potentially impacting business, the company's capital-light operations are developing steadily. The firm specifically pointed to the DFR oilfield development project in Iraq, where ANTON OILFIELD acts as lead operator, as a key growth driver that has entered substantive operational phases.
The analyst report also referenced ANTON OILFIELD's strong 2025 performance, with revenue increasing 17.2% year-on-year and net profit attributable to equity holders surging 53.8%. The company achieved breakthroughs in multiple overseas markets including Iraq, Kuwait, Saudi Arabia, and Malaysia, demonstrating expanding global reach in the oilfield services sector.