Saudi Aramco plunges to lowest price since August 2024
Shares of TASI-listed Saudi Arabian Oil Co. (Saudi Aramco) hit today, March 4, the lowest price since August 2024 at SAR 26.85 apiece.
The stock is down 2%, with around 12 million shares traded so far.
This came as the Saudi oil giant announced earlier today posting Q4 2024 earnings of SAR 87.3 billion, down 15% year-on-year (YoY). It also declared a SAR 0.33 per share dividend.
Year High (SAR) | Year Low (SAR) |
32.65 | 26.80 |
Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
39.41 | 22.32 |
Market Data :
Open | 25.15 |
Low | 25.10 |
High | 25.70 |
Previous Close | 25.05 |
Change (3M) | (11.38 %) |
Change (6M) | (6.20 %) |
Market Value | 6,219,400.00 |
Avg. Volume (3M) | 9,787,624.08 |
Avg. Turnover (3M) | 266,308,031.20 |
Avg. Transaction (3M) | 16,311.61 |
Change(12M) | (17.63 %) |
YTD | (8.38 %) |
Saudi Aramco made several capital adjustments since its listing on the Main Market (TASI), as shown in the following table:
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) | 6,219,400.00 |
Shares Outstanding ((M)) | 242,000.00 |
EPS ( | ) (TTM)1.63 |
Book Value (BV) ( Riyal) (Latest announcement) | 6.03 |
Adjusted P/E (Last12) | 15.78 |
Price/book | 4.27 |
Dividend Yield (%) (Last Year) | 6.91 |
Return on Average Assets (%) (TTM) | 16.07 |
Return on Average Equity (%) (TTM) | 20.01 |
Par Value ( Riyal) | - |
Enterprise Value (EV) (M) | 6,439,505.00 |
Calendar :
-
17 March
Ex-dividend Date
- -
26 March
Cash Dividend Distribution
-
Analyst Estimates :
30.56
Fair Average Price
8
Number of Recommendations
Rating | Research firm | Current Price | Target Price | Change | |
Hold | kepler cheuvreux | 26.90 | 28.00 | 4.09 % | |
Neutral | RBC Capital | 26.90 | 32.00 | 18.96 % | |
Underweight | Bernstein Research | 29.90 | 28.00 | (6.35 %) | |
Neutral | Exane | 27.10 | 26.50 | (2.21 %) | |
Overweight | JP Morgan | 27.70 | 30.50 | 10.11 % | |
Buy | Jefferies | 27.70 | 32.00 | 15.52 % | |
Buy | Alawwal Capital | 27.65 | 35.41 | 28.07 % | |
Overweight | AlJazira Capital | 28.00 | 32.10 | 14.64 % |
Call Request
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