Saudi Aramco closes at lowest price since March 2023
Shares of Tadawul-listed Saudi Arabian Oil Co. (Saudi Aramco) plunged by 1% today, May 29, to end at SAR 29.05, recording the lowest close since March 2023, with about 6.6 million shares traded.
Highest per Year (Riyal) | Lowest per Year (Riyal) |
35.15 | 29.05 |
Highest since listing (Riyal) | Lowest since listing (Riyal) |
39.41 | 22.32 |
Accordingly, the year-to-date (YTD) losses increased to more than 10%.
Market Data :
Open | 27.15 |
Low | 27.10 |
High | 27.25 |
Previous Close | 27.20 |
Change (3M) | (2.86 %) |
Change (6M) | (11.54 %) |
Market Value | 6,582,400.00 |
Avg. Volume (3M) | 14,435,226.55 |
Avg. Turnover (3M) | 401,577,509.83 |
Avg. Transaction (3M) | 20,615.85 |
Change(12M) | (21.61 %) |
YTD | (17.58 %) |
Aramco has made several changes to its capital since its debut on Tadawul in 2019, as shown below:
Adjustments to the capital (M Riyal) :
Date | Type | Capital (M Riyal) | Change (%) |
2024 | Secondary Offering | 90,000.00 | 0.00% |
2023 | Split | 90,000.00 | 20.00% |
2022 | Split | 75,000.00 | 25.00% |
2019 | IPO | 60,000.00 | 0.00% |
Financial Performance :
Overview :
Saudi Aramco is the state-owned oil company of the Kingdom of Saudi Arabia, and the world's largest producer of oil and chemicals.
Over the past 80 years, the company has become a world leader in hydrocarbons exploration, production, refining, distribution and marketing.
In 1988, the company was incorporated by a royal decree, establishing a new company to take over the responsibilities of an oil concession initially signed in 1933 between the Saudi government and Standard Oil Company of C...
Financial Ratios :
Financial Ratio | Current |
Market Cap (M Riyal) | 6,582,400.00 |
Shares Outstanding ((M)) | 242,000.00 |
EPS ( | ) (TTM)1.80 |
Book Value (BV) ( Riyal) (Latest announcement) | 6.23 |
Adjusted P/E (Last12) | 14.98 |
Price/book | 4.36 |
Dividend Yield (%) (Last Year) | 6.23 |
Return on Average Assets (%) (TTM) | 17.82 |
Return on Average Equity (%) (TTM) | 28.71 |
Par Value ( Riyal) | - |
Enterprise Value (EV) (M) | 6,718,348.00 |
Calendar :
-
02 June
Key Events
- -
02 June
IPO/ Subscription
- -
03 June
IPO/ Subscription
- -
05 June
IPO/ Subscription
- -
06 June
Key Events
- -
07 June
Key Events
-
Analyst Estimates :
34.9
Fair Average Price
15
Number of Recommendations
Rating | Research firm | Current Price | Target Price | Change | |
Overweight | JP Morgan | 29.30 | 35.00 | 19.45 % | |
Neutral | Morgan Stanley International | 29.95 | 31.00 | 3.51 % | |
Neutral | RBC Capital | 29.95 | 51.00 | 70.28 % | |
Neutral | Exane | 29.95 | 33.64 | 12.32 % | |
Hold | kepler cheuvreux | 29.95 | 32.80 | 9.52 % | |
Hold | HSBC | 29.95 | 34.60 | 15.53 % | |
Neutral | Hermes | 29.95 | 31.00 | 3.51 % | |
Hold | HSBC | 29.95 | 34.60 | 15.53 % | |
Buy | Bank of America | 29.95 | 38.00 | 26.88 % | |
Neutral | Goldman Sachs | 29.95 | 37.00 | 23.54 % | |
Neutral | Citi Bank Group | 30.15 | 32.00 | 6.14 % | |
Neutral | Morgan Stanley International | 30.30 | 31.00 | 2.31 % | |
Neutral | SNB Capital | 31.20 | 33.40 | 7.05 % | |
Neutral | Al Rajhi Capital | 31.15 | 33.50 | 7.54 % | |
Overweight | JP Morgan | 32.20 | 35.00 | 8.70 % |
Call Request
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