Arabian Drilling Co (2381)

Currency in SAR
101.80
+1.30(+1.29%)
Delayed Data·
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Fair Value
Day's Range
99.50102.00
52 wk Range
76.45107.00
Key Statistics
Bid/Ask
101.80 / 101.90
Prev. Close
100.5
Open
100.5
Day's Range
99.5-102
52 wk Range
76.45-107
Volume
190.33K
Average Volume (3m)
128.52K
1-Year Change
11.5616%
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
104.81
Upside
+2.95%
Members' Sentiments
Bearish
Bullish
ProTips
Significant return over the last week

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 104.81
(+2.95% Upside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
HSBC
Hold84.00-17.57%68.00Upgrade01-09-2026

Arabian Drilling Co Earnings Call Summary for Q3/2026

  • Q3 revenue rose 6% to 812M riyals; EBITDA jumped 27.5% to 319M with margin expanding to 39.4% from 32.8% as offshore operations resumed.
  • Net income returned to 31M riyal profit vs 32M loss in Q2, though EPS of 0.2505 missed forecast by 26.1%; stock gained 2.55% to $100.5.
  • Record backlog reached 17.6B riyals, up 60% YoY; Q4 revenue guidance set at 876-892M riyals, reflecting 8-10% sequential growth.
  • Full-year 2026 CapEx raised to 750-800M riyals to accelerate rig reactivation; fleet utilization expected to reach 90% by Q4 end.
  • Net debt increased 9.3% to 2.6B riyals while cash fell to 327M; management expects stable day rates through 2027 with optimistic outlook.
Last Updated: 09-11-2026, 06:22 pm
Read Full Transcript

Earnings

Latest Release
08-11-2026
EPS / Forecast
0.35 / 0.34
Revenue / Forecast
810.7M / 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
−49.0x15.2x4.7x
PEG Ratio
0.280.040.00
Price/Book
1.6x1.1x1.1x
Price / LTM Sales
2.8x1.1x1.3x
Upside (Analyst Target)
3.0%19.4%39.0%
Fair Value Upside
Unlock15.6%11.6%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 101.80.

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

As of 10-11-2026, the Arabian Drilling share price is 101.80, with a previous close of 100.50. The share price has ranged from 99.50 to 102.00 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 8.94B.

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

The average 12-month share price target for Arabian Drilling is 104.81, 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 +2.95% Upside potential.

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

The Arabian Drilling EPS (TTM) is -2.05.

When Is the Next Arabian Drilling Earnings Date?

Arabian Drilling will release its next earnings report on 16-03-2027.

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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