Arabian Drilling Co (2381)

Currency in SAR
100.50
+2.50(+2.55%)
Closed·
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Fair Value
Day's Range
97.65100.80
52 wk Range
76.45107.00
Key Statistics
Bid/Ask
100.50 / 100.60
Prev. Close
100.5
Open
98.05
Day's Range
97.65-100.8
52 wk Range
76.45-107
Volume
290.01K
Average Volume (3m)
128.52K
1-Year Change
10.5611%
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
+4.29%
Members' Sentiments
Bearish
Bullish
ProTips
Significant return over the last week

Arabian Drilling Co News & Analysis

Show more

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
(+4.29% Upside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
HSBC
Hold84.00-16.42%68.00UpgradeSep 01, 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: 2026-11-09, 07:52 a/m
Read Full Transcript

Earnings

Latest Release
Nov 08, 2026
EPS / Forecast
0.25 / 0.34
Revenue / Forecast
812M / 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)
4.3%19.4%39.0%
Fair Value Upside
Unlock17.4%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%31,773,0002,950,123
SLB N.V.34.30%30,527,0002,834,432

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FAQ

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

The Arabian Drilling stock price today is 100.50 SAR.

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."

What Is the Arabian Drilling Market Cap?

As of today, Arabian Drilling market cap is 8.94B SAR.

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 Mar 16, 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.

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.

What is the current trading status of Arabian Drilling (2381)?

As of Nov 10, 2026, Arabian Drilling (2381) is trading at a price of 100.50 SAR, with a previous close of 100.50 SAR. The stock has fluctuated within a day range of 97.65 SAR to 100.80 SAR, while its 52-week range spans from 76.45 SAR to 107.00 SAR.

What Is Arabian Drilling (2381) Price Target According to Analysts?

The average 12-month price target for Arabian Drilling is 104.81 SAR, with a high estimate of 121 SAR and a low estimate of 91 SAR. 6 analysts recommend buying the stock, while 1 suggest selling, leading to an overall rating of Buy. The stock has an +4.29% Upside potential.
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