Arabian Drilling Co (2381)

Currency in SAR
98.00
+5.15(+5.55%)
Closed·
Earnings results expected today
2381 is not included in our AI-picked strategies. See which stocks are.
Fair Value
Day's Range
92.4599.15
52 wk Range
76.45107.00
Key Statistics
Bid/Ask
98.00 / 98.10
Prev. Close
92.85
Open
93.2
Day's Range
92.45-99.15
52 wk Range
76.45-107
Volume
254.95K
Average Volume (3m)
125.63K
1-Year Change
9.01%
Fair Value
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Fair Value Upside
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2381 Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Price Target
104.22
Upside
+6.35%
Members' Sentiments
Bearish
Bullish
ProTips
Suffers from weak gross profit margins

Arabian Drilling Co News & Analysis

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Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Strong Buy
Technical Indicators
Strong Buy
Moving Averages
Strong Buy

Analyst Ratings

6 Buy
5 Hold
1 Sell
Ratings:
12 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 104.22
(+6.35% Upside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
HSBC
Hold84.00-14.29%68.00Upgrade01-09-2026

Arabian Drilling Co Earnings Call Summary for Q2/2026

  • Arabian Drilling posted Q2 loss of SAR 31.5M vs. SAR 7M Q1 profit; revenue fell 6.9% to SAR 765M amid offshore rig suspensions.
  • Offshore revenue plunged 37.2% with negative 6% margin; land segment rose 8.2% with 14% margin as operational improvements took hold.
  • Three offshore rigs resumed operations post-quarter; management guides Q3 revenue up 4-6% with offshore utilization reaching 100%.
  • Backlog increased 7% YoY to SAR 11.8B; net debt-to-EBITDA peaked at 2.2x, expected to fall below 2.0x by year-end 2026.
  • Elephant Rig gas tender results due August for 11 rigs; dividend policy under board review after 2025 suspension to preserve cash.
Last Updated: 11-08-2026, 06:28 pm
Read Full Transcript

Earnings

Latest Release
08-11-2026
EPS / Forecast
0.28 / 0.34
Revenue / Forecast
810.56M / 810.45M
EPS Revisions
Last 90 days

2381 Income Statement

Compare 2381 to Peers and Sector

Metrics to compare
2381
Peers
Sector
Relationship
P/E Ratio
−47.8x15.2x4.7x
PEG Ratio
0.260.070.00
Price/Book
1.5x1.1x1.1x
Price / LTM Sales
2.7x1.1x1.3x
Upside (Analyst Target)
6.4%17.3%38.8%
Fair Value Upside
Unlock17.4%11.9%Unlock

Arabian Drilling Company operates as an onshore and offshore gas and oil rig drilling company in Saudi Arabia. The company’s services include the supply of drilling services in shallow and deep waters and on land for the exploration and production of oil and natural gas, as well as well intervention and testing, rig move, mobilisation, manpower, and other services. Arabian Drilling Company was founded in 1964 and is based in Al Khobar, Saudi Arabia.

Ownership

Ownership Overview

Type
Common Stock Held% of Shares OutstandingMarket Value
Mutual Funds & ETFs
3.62M4.07%336.46M
Other Institutional Investors
62.30M70.00%5.78B
Public Companies & Retail Investors
23.08M25.93%2.14B
Total
89M100.00%8.26B

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
The Industrialization Energy Services Company35.70%3,17,73,00029,50,123
SLB N.V.34.30%3,05,27,00028,34,432

FAQ

What Is the Arabian Drilling (2381) Share Price Today?

The Arabian Drilling share price today is 98.00.

What is the current Arabian Drilling (2381) share price and day range?

As of 08-11-2026, the Arabian Drilling share price is 98.00, with a previous close of 92.85. The share price has ranged from 92.45 to 99.15 today, while the 52-week range spans from 76.45 to 107.00.

What Is the Arabian Drilling Market Cap?

As of today, Arabian Drilling market cap is 8.26B.

What Is the Arabian Drilling (2381) Share Price Target?

The average 12-month share price target for Arabian Drilling is 104.22, with a high estimate of 121 and a low estimate of 91. 6 analysts recommend buying, while 1 suggest selling, with an overall rating of Buy and +6.35% Upside potential.

What Is Arabian Drilling's Earnings Per Share (TTM)?

The Arabian Drilling EPS (TTM) is -2.05.

From a Technical Analysis Perspective, Is 2381 a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Buy.

What Stock Exchange Does Arabian Drilling Trade On?

Arabian Drilling is listed and trades on the Saudi Arabia Stock Exchange.

What Is the Stock Symbol for Arabian Drilling?

The stock symbol for Arabian Drilling is "2381."

How Many Times Has Arabian Drilling Stock Split?

Arabian Drilling has split 0 times.

How Many Employees Does Arabian Drilling Have?

Arabian Drilling has 4419 employees.
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