Luberef (Saudi Aramco Base Oil Company), SA15M1HH2NH5

Analysts lift target for Luberef stock to SAR 150.82

Published on 10/13/2026 at 09:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half net income rose 113.00 percent to SAR 992.00 million on August 11, 2026. For Luberef stock, SAR 4.00 is due October 15, 2026.

Analysts lifted Luberef's target from SAR 145.62 to SAR 150.82 on October 4, 2026.
First-half net income reached SAR 992.0 million, up 113.00 percent year over year.
Luberef stock was at SAR 128.70 on Tadawul on October 13, 2026, with a SAR 21.7 billion market value.
The company is scheduled to pay SAR 4.00 per share on October 15, 2026, while third-quarter results are scheduled for November 4, 2026.

Luberef (Saudi Aramco Base Oil Company), SA15M1HH2NH5, Illustration mit AI erstellt.

Luberef (ISIN SA15M1HH2NH5) was at SAR 128.70 on Tadawul on October 13, 2026, while its market value stood at SAR 21.7 billion. Analysts lifted the target from SAR 145.62 to SAR 150.82 on October 4, 2026, according to Simply Wall St.

Target rises on supply assumptions

The revised SAR 150.82 target followed updated assumptions for revenue growth, profit margins, the discount rate and future price-to-earnings expectations, Simply Wall St reported. The increase from SAR 145.62 equals a 3.57 percent rise in the valuation reference point.

The same update said a successor feedstock agreement secured up to 24,500 barrels per day for the Jeddah facility over 10 years from August 29, 2026. It also described continued Group I production of 275,000 tons per year at Jeddah, a concrete operating support for the revised valuation.

What supports the earnings case?

Luberef reported revenue of SAR 3.42 billion and net income of SAR 734.1 million for the second quarter of 2026, according to TickerLandia. The same source lists a 21.5 percent net margin and diluted earnings per share of SAR 4.36 for that quarter.

For the first half of 2026, net income rose 113.00 percent to SAR 992.0 million on August 11, 2026, according to TickerLandia. That comparison gives the target revision a stronger earnings backdrop, although the second-quarter earnings per share figure of SAR 4.36 came below the listed estimate of SAR 5.90.

Three dated developments

On August 29, 2026, the Jeddah supply agreement secured up to 24,500 barrels per day. On October 1, 2026, shareholders became eligible for a SAR 4.00 per-share first-half dividend. On October 4, 2026, the target rose from SAR 145.62 to SAR 150.82, according to Simply Wall St.

Dividend and results dates

Argaam listed October 15, 2026 as the date for Luberef's SAR 4.00 cash dividend per share. Simply Wall St listed November 4, 2026 as the next reporting date for third-quarter results.

Tadawul valuation in numbers

Luberef was at SAR 128.70 on Tadawul on October 13, 2026 at 10:41 a.m. AST. The 52-week range was SAR 84.45 to SAR 143.00, while market capitalization was SAR 21.7 billion on the same date. The distance between the quote and the 52-week high was 10.00 percent, calculated in SAR from the same market snapshot.