Sable Offshore Corp. (NYSE:SOC - Free Report) - BWS Financial issued their FY2025 earnings estimates for shares of Sable Offshore in a research note issued on Tuesday, March 18th. BWS Financial analyst H. Khorsand expects that the company will post earnings of $1.52 per share for the year. BWS Financial currently has a "Sell" rating and a $6.00 target price on the stock. The consensus estimate for Sable Offshore's current full-year earnings is ($6.39) per share.
Several other equities research analysts have also issued reports on the stock. Benchmark reissued a "buy" rating on shares of Sable Offshore in a research note on Tuesday, March 18th. Pickering Energy Partners assumed coverage on Sable Offshore in a research report on Tuesday, December 17th. They set an "outperform" rating on the stock. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Sable Offshore currently has an average rating of "Moderate Buy" and an average target price of $26.25.
Check Out Our Latest Research Report on Sable Offshore
Sable Offshore Stock Up 2.9 %
SOC stock traded up $0.74 during midday trading on Thursday, hitting $25.86. 1,512,329 shares of the stock traded hands, compared to its average volume of 952,132. Sable Offshore has a 1-year low of $10.11 and a 1-year high of $32.33. The company has a quick ratio of 3.34, a current ratio of 3.50 and a debt-to-equity ratio of 4.86. The stock's fifty day simple moving average is $25.96 and its 200-day simple moving average is $23.62.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of SOC. California State Teachers Retirement System boosted its stake in shares of Sable Offshore by 29.0% in the fourth quarter. California State Teachers Retirement System now owns 31,856 shares of the company's stock worth $730,000 after acquiring an additional 7,152 shares during the last quarter. Toronto Dominion Bank acquired a new position in Sable Offshore during the fourth quarter worth about $344,000. GF Fund Management CO. LTD. purchased a new stake in Sable Offshore during the 4th quarter valued at about $451,000. Two Seas Capital LP acquired a new stake in Sable Offshore in the 4th quarter valued at about $3,630,000. Finally, Rafferty Asset Management LLC raised its holdings in Sable Offshore by 377.5% in the 4th quarter. Rafferty Asset Management LLC now owns 119,765 shares of the company's stock valued at $2,743,000 after acquiring an additional 94,684 shares during the last quarter. 26.19% of the stock is owned by hedge funds and other institutional investors.
About Sable Offshore
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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.
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