Saudi Aramco closes at lowest price since March 2023

29/05/2024 Argaam Exclusive

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.

Accordingly, the year-to-date (YTD) losses increased to more than 10%.

Market Data :

Open 28.05
Low 28.00
High 28.10
Previous Close 28.05
Change (3M) 0.54 %
Change (6M) (6.51 %)
Market Value 6,776,000.00
Avg. Volume (3M) 16,788,012.11
Avg. Turnover (3M) 463,378,247.68
Avg. Transaction (3M) 19,116.98
Change(12M) (16.17 %)
YTD (15.15 %)
Overview

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%
Company Action

Financial Performance :

Financial Statements

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...
Profile


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 6,776,000.00
Shares Outstanding ((M)) 242,000.00
EPS ( Riyal) (TTM) 1.69
Book Value (BV) ( Riyal) (Latest announcement) 6.15
Adjusted P/E (Last12) 16.52
Price/book 4.55
Dividend Yield (%) (Last Year) 6.05
Return on Average Assets (%) (TTM) 16.53
Return on Average Equity (%) (TTM) 27.02
Par Value ( Riyal) -
Enterprise Value (EV) (M) 6,960,090.00
Ratios


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 %
Estimates

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