Target rises 25.00 percent to SAR 20.40 for Petro Rabigh stock

Published on 10/13/2026 at 09:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fintel cites SAR 20.40, up from SAR 16.32 on September 22, 2026. Petro Rabigh stock earned SAR 2.66 billion in second-quarter 2026.

Key points in brief

The average one-year target rose 25.00 percent to SAR 20.40 from SAR 16.32 on September 22, 2026.
Petro Rabigh reported SAR 2.66 billion net income and SAR 20.37 billion revenue for the second quarter of 2026.
The company moved from a SAR 1.37 billion net loss in the second quarter of 2025 to profit in the same 2026 period.
Market capitalization stood at SAR 28.7 billion on October 13, 2026, with a 52-week range of SAR 6.36 to SAR 18.77.

Petro Rabigh, SA120GAH5617, Illustration mit AI erstellt.

Petro Rabigh (ISIN SA120GAH5617) saw its average one-year target rise 25.00 percent to SAR 20.40 from SAR 16.32 on September 22, 2026, according to Fintel. The target change followed a sharp improvement in Petro Rabigh's reported second-quarter results and gives the stock a fresh valuation reference.

Three results milestones

On March 14, 2026, reported fiscal year 2025 revenue stood at SAR 35.0 billion, while the net loss was SAR 3.90 billion, according to Simply Wall St.

On July 31, 2026, second-quarter earnings showed earnings per share of SAR 1.59, compared with a loss of SAR 0.82 in the second quarter of 2025, according to Simply Wall St.

On September 22, 2026, the average target reached SAR 20.40 from SAR 16.32, a SAR 4.08 increase, according to Fintel.

What does SAR 2.66 billion mean?

Petro Rabigh reported SAR 2.66 billion net income for the second quarter of 2026, against a SAR 1.37 billion net loss in the second quarter of 2025, according to Saudi Exchange. Revenue reached SAR 20.37 billion in that quarter, compared with SAR 4.05 billion a year earlier, while earnings per share was SAR 1.59.

The operating improvement also changed the analyst narrative. Fintel listed eight recommendations on September 1, 2026, including two strong buy ratings, five buy ratings and one hold rating. That distribution puts the positive recommendations at 87.50 percent, although the target remains an average rather than a company forecast.

Market value and operating risk

Petro Rabigh operates an integrated refining and petrochemical complex established through a joint venture between Saudi Aramco and Sumitomo Chemical, according to its investor relations page. The business mix links refinery performance with petrochemical margins, creating a more diversified earnings base but also exposing results to swings in product spreads.

On October 13, 2026, Petro Rabigh's market capitalization was SAR 28.7 billion, and its 52-week range was SAR 6.36 to SAR 18.77. The target of SAR 20.40 therefore sits above the reported yearly high, making the earnings recovery central to the valuation debate.

Stock valuation remains earnings-led

The next valuation test is whether the second-quarter profitability can persist through changing refining and petrochemical margins. The contrast between SAR 20.37 billion quarterly revenue and the SAR 35.0 billion fiscal-year 2025 revenue base also reflects the importance of comparing quarterly and annual periods separately.

Petro Rabigh is listed on Tadawul under ticker 2380, in the Energy sector. The Saudi Exchange identifies the company under ISIN SA120GAH5617 and reports 2,197,364,998 issued shares.

Market value at a glance

Market capitalization stood at SAR 28.7 billion on October 13, 2026, while the 52-week range was SAR 6.36 to SAR 18.77. The further course of trading will depend on whether the earnings improvement continues through the next reported period.