Arabian Drilling closes at 2-year low
Shares of TASI-listed Arabian Drilling Co. plunged by 2% today, Sept. 16, closing at the lowest level in nearly two years at SAR 111.
The stock hit an intraday low of 110.60.
Highest per Year (Riyal) | Lowest per Year (Riyal) |
214.20 | 110.60 |
Highest since listing (Riyal) | Lowest since listing (Riyal) |
214.20 | 100.00 |
Accordingly, the stock’s year-to-date losses amounted to 42%.
Market Data :
Open | 109.20 |
Low | 106.00 |
High | 109.40 |
Previous Close | 109.20 |
Change (3M) | (25.00 %) |
Change (6M) | (33.21 %) |
Market Value | 9,451.80 |
Avg. Volume (3M) | 412,030.54 |
Avg. Turnover (3M) | 48,482,789.15 |
Avg. Transaction (3M) | 3,945.58 |
Change(12M) | (40.67 %) |
YTD | (44.40 %) |
The company has not adjusted its capital since listing on the Main Market (TASI) on Nov. 7, 2022.
Adjustments to the capital (M Riyal) :
Date | Type | Capital (M Riyal) | Change (%) |
2022 | IPO | 890.00 | 42.86% |
Financial Performance :
Overview :
Arabian Drilling Co. was established in 1964 as a joint venture, with a capital of SAR 2 million in Khobar. The company operates in two segments: onshore segment, which includes provision of drilling and related services through onshore rigs, and offshore segment, which includes provision of drilling and related services through offshore rigs. Its activities also include drilling of oil and natural gas fields, offering services related to oil extraction, except surveying services, and drilling o...
Financial Ratios :
Financial Ratio | Current |
Market Cap (M Riyal) | 9,451.80 |
Shares Outstanding ((M)) | 89.00 |
EPS ( | ) (TTM)5.50 |
Book Value (BV) ( Riyal) (Latest announcement) | 66.33 |
Adjusted P/E (Last12) | 15.90 |
Price/book | 1.60 |
Dividend Yield (%) (Last Year) | 4.76 |
Return on Average Assets (%) (TTM) | 4.81 |
Return on Average Equity (%) (TTM) | 8.31 |
Par Value ( Riyal) | 10.00 |
Enterprise Value (EV) (M) | 11,769.02 |
Calendar :
-
16 October
General Assembly
-
Analyst Estimates :
153.01
Fair Average Price
8
Number of Recommendations
Rating | Research firm | Current Price | Target Price | Change | |
Buy | Citi Bank Group | 120.00 | 170.00 | 41.67 % | |
Neutral | Goldman Sachs | 115.20 | 126.10 | 9.46 % | |
Overweight | Al Rajhi Capital | 121.00 | 140.00 | 15.70 % | |
Buy | Hermes | 118.00 | 154.00 | 30.51 % | |
Underweight | JP Morgan | 116.00 | 136.00 | 17.24 % | |
Buy | Citi Bank Group | 141.60 | 190.00 | 34.18 % | |
Overweight | GIB Capital | 144.00 | 165.00 | 14.58 % | |
Hold | HSBC | 131.60 | 143.00 | 8.66 % |
Call Request
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