Morgan Stanley trims target for Luberef stock before November 4 results

Luberef (Saudi Aramco Base Oil Company) (ISIN SA15M1HH2NH5) was at SAR 115.80 on October 20, 2026 at 1:12 p.m. AST on Tadawul. The latest analyst signal came on October 16, 2026, when Morgan Stanley trimmed its price target while affirming an Overweight rating, according to MarketScreener.

Analyst view meets results date

The rating action gives investors a fresh counterweight to the upcoming reporting date. MarketScreener listed five analysts in its consensus, with a mean rating of Buy and an average target of SAR 148.72, compared with a last close of SAR 116.60 on October 19, 2026.

The target comparison implies SAR 32.12 of quoted upside from that last close, while the current Tadawul quote is SAR 115.80. The difference between the two market observations reflects their separate timestamps rather than a single daily change.

What do the latest figures show?

Luberef reported SAR 3.42 billion of revenue and SAR 734.10 million of earnings for the second quarter of fiscal 2026, with a 21.47 percent profit margin, according to Yahoo Finance. Actual earnings per share were SAR 4.36 against an estimate of SAR 5.90 for that period.

November 4 is the next date

The next scheduled company event is the third-quarter 2026 earnings release on November 4, 2026. That date gives the market a defined test for whether the second-quarter revenue base and earnings level carried into the third quarter.

Luberef operates as a Saudi Arabian base-oil producer with facilities in Jeddah and Yanbu and operations in Hamriyah, United Arab Emirates. Its product categories include aramcoDURA, aramcoPRIMA and aramcoULTRA.

Market value and operating scale

The company had a market capitalization of SAR 19.5 billion as of October 20, 2026. Its stated annual base-oil capacity is 1.30 million metric tons, giving the November report a clear operational scale against which investors can read the financial figures.

The latest available Tadawul quote was SAR 115.80 on October 20, 2026 at 1:12 p.m. AST. The business enters the November 4 reporting date with second-quarter revenue of SAR 3.42 billion and earnings of SAR 734.10 million.