6 FEB 2025 · Saudi Aramco's stock price as of February 6, 2025, is 27.70 Saudi riyals. The trading volume is 6,598,029 shares, with an average trade size of 467 shares. This indicates a moderate trading activity compared to its average volume.
Recent news includes Aramco raising the official selling price for its flagship Arab Light crude by 2.40 dollars to 3.90 dollars per barrel above the Oman/Dubai benchmark average for March shipments to buyers in Asia. This price hike is attributed to increasing demand from China and India due to US sanctions disrupting Russian oil supplies.
Analyst updates suggest a mixed outlook. Some forecasts predict a drop in the stock price for the remainder of 2024, ending the year at an average price of 29.694 Saudi riyals. However, the 12-month target price is less than 20% higher than the current share price, indicating potential for growth.
Technical analysis shows an upward correctional movement, potentially aiming for the 2022 high at 39.30 Saudi riyals. The price has consistently remained above the 100-day simple moving average, suggesting the potential for completing its corrective cycle towards the resistance level at 37.50 Saudi riyals.
In terms of financial performance, Saudi Aramco's total revenue for 2023 was 1,856,373,000 Saudi riyals, with a net profit of 454,764,000 Saudi riyals. The company's total assets as of December 31, 2023, were 2,477,940,000 Saudi riyals, with total liabilities at 740,848,000 Saudi riyals.
Overall, Saudi Aramco's stock performance is influenced by global oil demand and supply dynamics, particularly the impact of US sanctions on Russian oil exports. While analyst forecasts are mixed, the company's strong financial performance and recent price hikes suggest potential for growth in the short term.