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.

Highest per Year (Riyal) Lowest per Year (Riyal)
35.15 29.05
Highest since listing (Riyal) Lowest since listing (Riyal)
39.41 22.32
Chart
Accordingly, the year-to-date (YTD) losses increased to more than 10%.

Market Data :

Open 27.75
Low 27.60
High 27.80
Previous Close 27.75
Change (3M) (7.99 %)
Change (6M) (13.59 %)
Market Value 6,691,300.00
Avg. Volume (3M) 47,904,104.93
Avg. Turnover (3M) 1,326,647,522.85
Avg. Transaction (3M) 23,451.92
Change(12M) (19.62 %)
YTD (16.21 %)
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) 6,691,300.00
Shares Outstanding ((M)) 242,000.00
EPS ( Riyal) (TTM) 1.80
Book Value (BV) ( Riyal) (Latest announcement) 6.23
Adjusted P/E (Last12) 15.23
Price/book 4.44
Dividend Yield (%) (Last Year) 6.13
Return on Average Assets (%) (TTM) 17.82
Return on Average Equity (%) (TTM) 28.71
Par Value ( Riyal) -
Enterprise Value (EV) (M) 6,827,248.00
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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