Roth Capital Predicts Weaker Earnings for Sable Offshore

Sable Offshore Corp. (NYSE:SOC - Free Report) - Equities researchers at Roth Capital decreased their Q2 2025 earnings estimates for shares of Sable Offshore in a research report issued to clients and investors on Monday, April 14th. Roth Capital analyst L. Mariani now forecasts that the company will post earnings per share of ($0.47) for the quarter, down from their prior forecast of ($0.41). The consensus estimate for Sable Offshore's current full-year earnings is ($6.39) per share. Roth Capital also issued estimates for Sable Offshore's Q3 2025 earnings at ($0.02) EPS, Q4 2025 earnings at $0.25 EPS, FY2025 earnings at ($0.99) EPS and FY2026 earnings at $1.71 EPS.

Several other brokerages have also issued reports on SOC. BWS Financial reaffirmed a "sell" rating and set a $6.00 target price on shares of Sable Offshore in a research report on Tuesday, March 18th. Roth Mkm began coverage on shares of Sable Offshore in a research report on Thursday, March 27th. They set a "buy" rating and a $30.00 target price for the company. Finally, Benchmark restated a "buy" rating on shares of Sable Offshore in a research report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $27.50.

Sable Offshore Trading Down 0.6 %

Shares of SOC stock traded down $0.11 during trading hours on Thursday, hitting $19.27. 744,518 shares of the company's stock traded hands, compared to its average volume of 1,095,397. The stock's 50 day simple moving average is $24.33 and its 200 day simple moving average is $23.23. The company has a debt-to-equity ratio of 4.86, a current ratio of 3.50 and a quick ratio of 3.34. Sable Offshore has a 12 month low of $10.26 and a 12 month high of $32.33.

Hedge Funds Weigh In On Sable Offshore

A number of large investors have recently modified their holdings of SOC. Vanguard Group Inc. raised its holdings in Sable Offshore by 23.6% during the fourth quarter. Vanguard Group Inc. now owns 3,486,126 shares of the company's stock worth $79,832,000 after buying an additional 665,407 shares during the last quarter. State Street Corp raised its holdings in shares of Sable Offshore by 74.3% in the 3rd quarter. State Street Corp now owns 1,589,395 shares of the company's stock worth $37,557,000 after acquiring an additional 677,426 shares during the last quarter. Encompass Capital Advisors LLC lifted its position in Sable Offshore by 128.9% in the 4th quarter. Encompass Capital Advisors LLC now owns 1,400,000 shares of the company's stock valued at $32,060,000 after acquiring an additional 788,495 shares in the last quarter. Geode Capital Management LLC boosted its stake in Sable Offshore by 16.9% during the 4th quarter. Geode Capital Management LLC now owns 1,229,148 shares of the company's stock valued at $28,155,000 after purchasing an additional 177,971 shares during the last quarter. Finally, Greenhaven Road Investment Management L.P. raised its stake in shares of Sable Offshore by 24.3% in the fourth quarter. Greenhaven Road Investment Management L.P. now owns 623,364 shares of the company's stock worth $14,275,000 after purchasing an additional 121,751 shares during the last quarter. 26.19% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Sable Offshore news, major shareholder Global Icav Pilgrim sold 143,806 shares of the stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $25.37, for a total value of $3,648,358.22. Following the transaction, the insider now owns 10,100,569 shares in the company, valued at approximately $256,251,435.53. This represents a 1.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 14.30% of the company's stock.

Sable Offshore Company Profile

Sable Offshore Corp. engages in the oil and gas exploration and development activities in the United States. The company operates through three platforms located in federal waters offshore California. It owns and operates 16 federal leases across approximately 76,000 acres and subsea pipelines, which transport crude oil, natural gas, and produced water from the platforms to the onshore processing facilities.