Petro Rabigh stock closed at SAR 17.24 on October 15, target 18.33 percent higher
Published on 10/16/2026 at 16:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSValuation and trading levels
- Fintel's September 22, 2026 update put the average target at SAR 20.40, 18.33 percent above the share price.
- Petro Rabigh's price-to-earnings ratio stood at 12.68 on October 15, 2026.
- Petro Rabigh stock closed at SAR 17.24 on October 15, 2026 at 3:16 p.m. AST, down 1.20 percent versus the prior close of October 14, 2026.
- Market capitalization stood at SAR 28.8 billion on October 15, 2026.
Fintel reported on September 22, 2026 that the average one-year price target for Petro Rabigh had risen to SAR 20.40 from SAR 16.32. The new target stood 18.33 percent above Petro Rabigh's closing price of SAR 17.24 on October 15, 2026, giving investors a clear valuation marker without turning it into a recommendation.
Target leaves a measurable gap
The target revision represented an increase of 25.00 percent from the prior estimate of SAR 16.32 dated August 25, 2026, according to Fintel. Its latest target range ran from SAR 20.20 to SAR 21.00, while eight recommendations were listed for the September 1, 2026 period.
Trading position on October 15
Petro Rabigh closed at SAR 17.24 on Tadawul on October 15, 2026 at 3:16 p.m. AST, down SAR 0.21, or 1.20 percent, from the prior close of SAR 17.45. The 52-week range was SAR 6.36 to SAR 18.77, placing the close SAR 1.53 below the high and SAR 10.88 above the low.
The same session carried a market capitalization of SAR 28.8 billion, a price-to-earnings ratio of 12.68 and volume of 2,504,958 shares. Average volume was 8,261,748 shares, so the session volume was 69.69 percent below that average. The price remained 8.15 percent below the 52-week high.
Valuation and operating backdrop
Petro Rabigh operates an integrated refining and petrochemical complex established through a joint venture between Saudi Aramco and Sumitomo Chemical, according to the company's Petro Rabigh investor-relations page. The company reported second-quarter 2026 revenue of SAR 20.37 billion and net income of SAR 2.66 billion in material published on October 15, 2026, figures that provide operating context for the valuation discussion.
For comparison, Saudi Basic Industries Corporation closed at SAR 44.56 on October 15, 2026, down 0.31 percent, with a price-to-earnings ratio of minus 6.50 and market capitalization of SAR 133.7 billion. Sahara International Petrochemical Company closed at SAR 11.42, down 0.87 percent, with a price-to-earnings ratio of minus 4.88 and market capitalization of SAR 8.3 billion.
Comparison with peers
Petro Rabigh: minus 1.20 percent, P/E 12.68, market capitalization SAR 28.8 billion
Saudi Basic Industries Corporation (Tadawul, SAR): minus 0.31 percent, P/E minus 6.50, market capitalization SAR 133.7 billion
Sahara International Petrochemical Company (Tadawul, SAR): minus 0.87 percent, P/E minus 4.88, market capitalization SAR 8.3 billion
Trading outlook
The latest quoted session leaves Petro Rabigh below its 52-week high while the average analyst target remains above the market price. The next corporate reporting date was not stated on the investor-relations page.
Market context: Latest market reports.
