Arabian Drilling Co (2381)

Currency in SAR
88.65
-0.60(-0.67%)
Closed·
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Fair Value
Day's Range
88.0091.00
52 wk Range
72.15107.00
Key Statistics
Bid/Ask
88.60 / 88.65
Prev. Close
89.25
Open
91
Day's Range
88-91
52 wk Range
72.15-107
Volume
67.56K
Average Volume (3m)
119.32K
1-Year Change
20.2849%
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
98.56
Upside
+11.18%
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
Neutral
Technical Indicators
Neutral
Moving Averages
Buy

Analyst Ratings

6 Buy
4 Hold
2 Sell
Ratings:
12 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 98.56
(+11.18% Upside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
UBS
Buy86.00-2.99%98.00Upgrade17/08/2025

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, 10:58 pm
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Earnings

Latest Release
10/08/2026
EPS / Forecast
-0.35 / -0.38
Revenue / Forecast
764.69M / 742.44M
EPS Revisions
Last 90 days

2381 Income Statement

Compare 2381 to Peers and Sector

Metrics to compare
2381
Peers
Sector
Relationship
P/E Ratio
−43.3x15.7x5.7x
PEG Ratio
0.210.030.00
Price/Book
1.4x1.2x1.1x
Price / LTM Sales
2.4x1.1x1.4x
Upside (Analyst Target)
10.0%13.0%26.6%
Fair Value Upside
Unlock1.3%6.6%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
3.34M3.76%298.51M
Other Institutional Investors
62.30M70.00%5.56B
Public Companies & Retail Investors
23.36M26.24%2.08B
Total
89M100.00%7.94B

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
The Industrialization Energy Services Company35.70%31,773,0002,835,740
SLB N.V.34.30%30,527,0002,724,535

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FAQ

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

The Arabian Drilling stock price today is 88.65 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 7.89B SAR.

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

The Arabian Drilling EPS (TTM) is -2.73.

When Is the Next Arabian Drilling Earnings Date?

Arabian Drilling will release its next earnings report on 02/11/2026.

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 14/08/2026, Arabian Drilling (2381) is trading at a price of 88.65 SAR, with a previous close of 89.25 SAR. The stock has fluctuated within a day range of 88.00 SAR to 91.00 SAR, while its 52-week range spans from 72.15 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 98.56 SAR, with a high estimate of 121 SAR and a low estimate of 68 SAR. 6 analysts recommend buying the stock, while 2 suggest selling, leading to an overall rating of Buy. The stock has an +11.18% Upside potential.
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