Saudi Aramco plunges to lowest price since August 2024

04/03/2025 Argaam Exclusive

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
Chart

Market Data :

Open 26.10
Low 25.85
High 26.15
Previous Close 26.10
Change (3M) (6.12 %)
Change (6M) (6.79 %)
Market Value 6,304,100.00
Avg. Volume (3M) 12,152,931.66
Avg. Turnover (3M) 316,095,902.17
Avg. Transaction (3M) 22,628.98
Change(12M) (12.42 %)
YTD (6.95 %)
Overview

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%
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) 6,304,100.00
Shares Outstanding ((M)) 242,000.00
EPS ( Riyal) (TTM) 1.60
Book Value (BV) ( Riyal) (Latest announcement) 6.09
Adjusted P/E (Last12) 16.33
Price/book 4.28
Dividend Yield (%) (Last Year) 6.81
Return on Average Assets (%) (TTM) 15.68
Return on Average Equity (%) (TTM) 25.77
Par Value ( Riyal) -
Enterprise Value (EV) (M) 6,538,434.00
Ratios


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 %
Estimates

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