Do you want to invest in the stock of oil companies? The greatest petroleum industry stocks with incredible growth potential and huge profit prospect you can buy now is the Saudi Aramco Stock (TADAWUL: 2222).
In this article, we will show you all you need to know about Saudi Aramco Stock, how you can buy the stock and the stock’s 8 years price predictions.
What is Saudi Aramco Stock?
Saudi Aramco Stock is the financial instrument for public shares distribution of a Saudi Arabian Oil Company. The company was founded in 1933 with headquarters in Dhahran, the Kingdom of Saudi Arabia and operates as an integrated oil and gas company in the Kingdom of Saudi Arabia and with strong global coverage.
The company is owned by the Government of Saudi Arabia and operates through two divisions: Upstream and Downstream.
The Upstream division explores, develops, produces, and sells crude oil, condensate, natural gas, and natural gas liquids (NGLs), while the downstream division produces various chemicals, including olefins, methanol, MTBE, aromatics, glycols, linear alpha etc.
By the end of 2021 the company reserves included 253.6 billion barrels of oil equivalent, including 196.9 billion barrels of crude oil and condensate; 25.2 billion barrels of NGLs; and 194.5 trillion standard cubic feet of natural gas, as well as 530 reservoirs within 137 fields distributed throughout the Kingdom and its territorial waters.
Is Saudi Aramco Stock Publicly Traded?
Yes. Saudi Aramco was listed on the Saudi Stock Exchange called TADAWUL, under the ticker symbol “2222” on December 11, 2019 with IPO price of SAR35.20. It became listed after raising a record $25.6 billion by selling three billion shares which is just 1.5% of the company’s value.
The company’s share price has moved mostly sideways since the start of 2021 and moved upwards significantly in the second quarters of 2022. It is sold at 40.15SAR per share as at today, August 15, 2022.
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Is Saudi Aramco A Good Stock?
Aramco traded near its highest level on record in 2020 with a market capitalization of about $2.43 trillion, surpassing that of Apple for the first time since 2020. it has maintained this growth potential over the past year.
It is a good stock for aggressive investors. Saudi Aramco, the world’s top oil producer is worth over $1.85 trillion, and has continued to push out incredible profits, but its stock is yet to spring up as anticipated. The Aramco Stock is set gain some steady growth in the long term.
It has a 124% net profit surge for 2021 especially when it witnessed a 14-year high of $139 per barrel following Russia’s invasion of Ukraine. It is a good stock because it has a long term profitability tendency. It has growing revenue and its stock will grow along the same path.
In a sign that the old economy is reasserting itself over the new this year, Aramco eclipsed Apple on quite recently amid the on-going confusion on Wall Street.
Will Aramco Stock Go Up?
Yes. It looks set to maintaining a steady rise in price, especially in the long term. However, Aramco Stock has been on the upward spring in recent days and continually hitting new time-highs.
This is as a result of continuous upward push in the global oil prices, increase in the revenues of oil companies even as Ukraine-Russia tensions distort stock markets globally.
Higher crude oil prices induced its robust quarterly earnings with net profit more than doubling since December 2019. Net income jumped from $11.8 billion in third quarters of 2020 to $30.4 billion in third quarters of 2021.
The gain in share price is attributed to recent strong earnings from the company. We therefore expect stable rise in value of the Aramco stock.
Is Saudi Aramco a Good Buy?
In the face of impressive profits, pushes in green energy, and new oil deals, the Aramco shares price is gaining upward momentum in the second quarters of 2022.
The consensus among 7 Penworld Gurus analyst covering (TADAWUL: 2222) stock is a good Buy. Aramco stock has received a consensus rating of buy from our 10-exper stock analysts who had evaluated this stock based on historical data and fundamentals.
Aramco’s Latest Record
Aramco tops own record with $48.4bn in the second quarter of 2022. It is a 90% year-on-year increase and marks the biggest earnings for the world’s largest energy exporter since its public listing three years ago.
The company said it would keep expanding to satisfy demand. Aramco president and chief executive, Amin Nasser stated that while global market volatility and economic uncertainty remain, events during the first half of this year support our view that on-going investment in our industry is essential both to help ensure markets remain well supplied and to facilitate an orderly energy transition.
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He equally added that the company expect oil demand to continue to grow for the rest of the decade, despite downward economic pressures on short-term global forecasts.
How to Buy Saudi Aramco (TADAWUL: 2222) Stock
If you do not know how you can invest in Saudi Aramco stock, follow the steps below to get the best procedure.
Step 1: Do Your Research about the Aramco Stock
Find the stock by name or ticker symbol – TADAWUL: 2222– and research it before deciding if it is a good buy investment for you at the time or in the future.
Step 2: Choose a Brokerage Firm Listed On the Aramco Stock
Find a broker that suits your investment needs and ensure it trades in the exchange platform that holds TADAWUL: 2222.
Step 3: Open a User Account through the Brokerage’s Platform
Complete an application with your details such as your ID and address and then fund the account.
Step 4: Fund the Account to Buy the TADAWUL: 2222 Stock
This means that you must deposit sufficient money in your account to facilitate your trading.
Step 5: Buy the TADAWUL: 2222 Stock
Buy your preferred number/volume of stock with a market order or use a limit order to delay your purchase until the stock reaches a desired price
Aramco Stock Price Prediction – 2022, 2023-2030
In our platform, penworldgurus.com, we use both technical and fundamental analyses to attempt predictions of Aramco Stock average price and arrived at the following results at 5% level of significance.
Aramco Stock Price Prediction 2022
The prediction relies on expert analysis of Aramco Stock historical price data using Moving model.
Aramco Stock price is estimated to reach maximum at SAR61.73 by the end of 2022. It was estimated that Aramco price will drop to as low as SAR38.56. The price is predicted to average SAR50.14. Average price volatility is low and measured at 6.45%.
Aramco Stock Price Prediction 2023
There is good market signal which tend to attract aggressive investors as the oil prices keep going up.
The year 2023 is expected to end with a maximum price of SAR110.47 and a minimum price value of SAR54.36. The average price is projected at SAR82.41 all things being equal. Average volatility is 12.04% showing the price movement is moderate at the time.
Aramco Stock Price Prediction 2024
Due to the prevailing market dynamics, Aramco stock looks set to maintain a steady upward movement due to company diligence and global oil price increase.
In 2024, the price of Aramco Stock is expected to reach a maximum value of SAR125.90. The minimum price is expected to reach SAR75.04 with average price estimated at SAR100.47.
This implies that the Aramco stock is expected to attain SAR100 per share in the year 2024. We expect moderate volatility at about 17%.
Aramco Stock Price Prediction 2025
Experts predicted that Aramco Stock will attain SAR164.89 by the year 2025 with the minimum price value expected to hit SAR121.60. The average price of SAR143.24 is projected for the year. Volatility is high and measured at 20%.
Aramco Stock Price Prediction 2026
Analysts expect a change in market fundamentals pointing at slowness in the rising price of crude oil. Minimum projection is SAR118.94 with a possible peak reaching SAR170.55.
On the average, it is expected that the price is around SAR144 in 2026. Low price volatility is expected during the year and measured at 6%.
Aramco Stock Price Prediction 2027
Based on the aggregate point predictions of stock analysts, the estimated average price of Aramco Stock will be around SAR158.53. This implies that Aramco stock will reach above SAR150 in the year 2027.
It is predicted to go up to a minimum of SAR131.65 and reaching the peak at SAR185.41. There is high volatility together with high price. Volatility is measured at 23%.
Aramco Stock Price Prediction 2028
Technical analysis by our stock-market experts shows that the price of Aramco Stock in 2028 is expected to attain SAR144.75 minimum and SAR201.05 maximum. The average expected trading cost is SAR172.90. The average price volatility is 15.4%.
Aramco Stock Price Prediction 2029
Analysts now consider Aramco Stock very attractive for long term investors who would want to benefit from its steady price appreciation. It is expected that by the end of 2029 the Aramco stock will value between SAR159.74 and SAR227.23
On the average the price will trade at SAR193.48 in 2029. High price volatility is expected in the year and measured at 23.10%.
Aramco Stock Price Prediction 2030
Analysts predict that the maximum trading price of Aramco Stock in the year 2030 is SAR249.57 and the minimum price is projected to hit SAR188.62.
All things being equal, the average price is estimated at SAR219.09. This shows that the Saudi Aramco stock is expected to attain SAR200 or above in 2030 all things being equal. The average price volatility is moderate and measured at 15.08%.
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