Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Saudi Arabia
  4. Saudi Arabian Stock Exchange
  5. Saudi Arabian Oil Company
  6. News
  7. Summary
    2222   SA14TG012N13

SAUDI ARABIAN OIL COMPANY

(2222)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

COVID-19 vaccine approval could stall tech stocks boom - Goldman

08/06/2020 | 04:24am EDT
FILE PHOTO: A woman holds a small bottle labeled with a

Approvals for a potential COVID-19 vaccine later this year could threaten the recent surge in speculative investment in big U.S. technology companies and pull investors back towards more traditional growth-linked cyclical stocks, according to analysts at Goldman Sachs.

Seen as "stay-at-home" winners in the coronavirus lockdowns, shares in Apple Inc , Facebook Inc, Amazon.com and Alphabet have surged this year and now account for nearly a fifth of the S&P 500 stock market value.

Bumper results from the iPhone maker last week pushed it past Saudi Aramco to become the world's most valuable publicly listed company and heading towards a $2 trillion valuation.

In a global markets research note sent to clients, Goldman analysts said the current rally could last until Labor Day in early September, but would be threatened by updates on vaccines.

"Approval could ... prompt the kind of rotation that started and petered out in May and early June, supporting traditional cyclicals, steeper curves and banks, and challenging tech leadership," they argued.

(Reporting by Tanvi Mehta in Bengaluru; Editing by Patrick Graham, Bernard Orr)


ę Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 0.41% 2709.89 Delayed Quote.53.74%
AMAZON.COM, INC. 1.21% 3376 Delayed Quote.2.29%
APPLE INC. 1.41% 147.77 Delayed Quote.9.67%
CURVES HOLDINGS CO., LTD. -1.11% 800 End-of-day quote.3.76%
DJ INDUSTRIAL 0.47% 35008.82 Delayed Quote.14.14%
FACEBOOK INC -0.36% 350.92 Delayed Quote.28.84%
NASDAQ 100 0.50% 15039.727281 Real-time Quote.16.07%
NASDAQ COMP. 0.36% 14735.529688 Real-time Quote.13.85%
S&P 500 0.49% 4410.81 Delayed Quote.17.02%
SAUDI ARABIAN OIL COMPANY 0.00% 34.95 End-of-day quote.-0.14%
THE GOLDMAN SACHS GROUP, INC. 0.41% 379.53 Delayed Quote.43.41%
All news about SAUDI ARABIAN OIL COMPANY
01:18aANALYSIS-RIDING THE OIL PRICE REBOUN : Gulf states to accelerate asset sales
RE
07/26S OIL : expects Q3 refining margins to rebound on rising fuel demand
RE
07/22SAUDI ARABIAN OIL : Aramco 'faces $50m ransom' after data leak
AQ
07/21SAUDI ARABIAN OIL : Aramco Reports Data Leak via Contractor; Hacker Demands $50 ..
MT
07/21SAUDI ARABIAN OIL : Aramco facing $50M cyber extortion over leaked data
AQ
07/15SAUDI ARABIAN OIL : Indian oil minister vows to work with Saudi, UAE to calm oil..
RE
07/15SAUDI ARABIAN OIL : CEO remarks at the 2nd Qingdao Multinational Summit Opening ..
PU
07/13MEOG : Pipelines and payments
AQ
07/12MARKET CHATTER : Aramco Dismisses Morgan Stanley as Adviser for Gas Pipelines Sa..
MT
07/12Saudi Aramco drops Morgan Stanley on gas pipelines deal -sources
RE
More news
Financials
Sales 2021 1 355 B 361 B 361 B
Net income 2021 366 B 97 653 M 97 653 M
Net Debt 2021 268 B 71 553 M 71 553 M
P/E ratio 2021 19,7x
Yield 2021 4,03%
Capitalization 6 986 B 1 863 B 1 863 B
EV / Sales 2021 5,35x
EV / Sales 2022 4,98x
Nbr of Employees 79 000
Free-Float 1,76%
Chart SAUDI ARABIAN OIL COMPANY
Duration : Period :
Saudi Arabian Oil Company Technical Analysis Chart | 2222 | SA14TG012N13 | MarketScreener
Technical analysis trends SAUDI ARABIAN OIL COMPANY
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Last Close Price 34,95 SAR
Average target price 35,19 SAR
Spread / Average Target 0,68%
EPS Revisions
Managers and Directors
Amin bin Hasan Al-Nasser President, CEO & Executive Director
Khalid Hashim Al-Dabbagh Director, SVP-Finance, Strategy & Development
Yasir bin Othman Al-Rumayyan Chairman
Ahmad Abdul Rahman Al-Sa'adi Senior Vice President-Technical Services
Ziad Thamer Al-Murshed Vice President-International Operations
Sector and Competitors
1st jan.Capi. (M$)
SAUDI ARABIAN OIL COMPANY-0.14%1 862 709
ROYAL DUTCH SHELL PLC17.41%156 756
PETROCHINA COMPANY LIMITED36.67%125 979
TOTALENERGIES SE3.94%115 131
PUBLIC JOINT STOCK COMPANY GAZPROM34.51%92 770
ROSNEFT OIL COMPANY32.91%71 210