Sable Offshore (SOC) Stock Price, News & Analysis

Company Overview

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. The company was formerly known as Flame Acquisition Corp. and changed its name to Sable Offshore Corp. in February 2024. Sable Offshore Corp. was incorporated in 2020 and is based in Houston, Texas.

Key Stats

• Today's Range: $21.07 to $21.86
• 50-Day Range: $18.93 to $24.31
• 52-Week Range: $10.11 to $28.67
• Volume: 1.25 million shs
• Average Volume: 627,987 shs
• Market Capitalization: $1.90 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $25.00
• Consensus Rating: Moderate Buy

Sable Offshore Stock Analysis - MarketRank™

Sable Offshore scored higher than 48% of companies evaluated by MarketBeat, and ranked 186th out of 272 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Sable Offshore has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 5 buy ratings, no hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Sable Offshore has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Sable Offshore are expected to grow in the coming year, from ($5.31) to $2.16 per share.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

8.54% of the float of Sable Offshore has been sold short.

Short Interest Ratio / Days to Cover

Sable Offshore has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Sable Offshore has recently decreased by 8.74%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Sable Offshore does not currently pay a dividend.

Dividend Growth

Sable Offshore does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

8.54% of the float of Sable Offshore has been sold short.

Short Interest Ratio / Days to Cover

Sable Offshore has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Sable Offshore has recently decreased by 8.74%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 0.54

News Sentiment

Sable Offshore has a news sentiment score of 0.54. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.71 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Sable Offshore this week, compared to 2 articles on an average week.

Search Interest

4 people have searched for SOC on MarketBeat in the last 30 days. This is an increase of 300% compared to the previous 30 days.

MarketBeat Follows

5 people have added Sable Offshore to their MarketBeat watchlist in the last 30 days. This is an increase of 67% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Sable Offshore insiders have bought more of their company's stock than they have sold. Specifically, they have bought $15,000,000.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

14.30% of the stock of Sable Offshore is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 26.19% of the stock of Sable Offshore is held by institutions.

SOC Stock Analysis - Frequently Asked Questions

How have SOC shares performed this year?

Sable Offshore's stock was trading at $12.07 on January 1st, 2024. Since then, SOC shares have increased by 76.8% and is now trading at $21.34.
View the best growth stocks for 2024 here.

How were Sable Offshore's earnings last quarter?

Sable Offshore Corp. (NYSE:SOC) issued its earnings results on Tuesday, August, 13th. The company reported ($2.75) earnings per share for the quarter, missing analysts' consensus estimates of ($0.39) by $2.36.

Who are Sable Offshore's major shareholders?

Top institutional investors of Sable Offshore include State Street Corp (2.45%), Himalaya Capital Management LLC (2.07%), Geode Capital Management LLC (1.62%) and GM Advisory Group LLC (0.79%). Insiders that own company stock include Global Icav Pilgrim, Christopher Binyon Sarofim, James C Flores, James Caldwell Flores and Gregory Phillip Pipkin.
View institutional ownership trends.

How do I buy shares of Sable Offshore?

Shares of SOC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Sable Offshore own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Sable Offshore investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Tesla (TSLA), Meta Platforms (META), JPMorgan Chase & Co. (JPM), Netflix (NFLX) and Home Depot (HD).

Company Calendar

• Last Earnings: 8/13/2024
• Today: 12/18/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Crude petroleum & natural gas
• Sub-Industry: Petroleum And Natural Gas
• Current Symbol: NYSE:SOC
• Previous Symbol: NYSE:SOC
• CUSIP: N/A
• CIK: 1831481
• Web: www.flameacq.com
• Phone: 713-579-6106
• Fax: N/A
• Employees: 2
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $25.00
• High Stock Price Target: $37.00
• Low Stock Price Target: $6.00
• Potential Upside/Downside: +17.2%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-32,180,000.00
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: -319.58%
• Return on Assets: -39.11%

Debt

• Debt-to-Equity Ratio: 4.86
• Current Ratio: 3.50
• Quick Ratio: 3.34

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: ($7.73) per share
• Price / Book: -2.76

Miscellaneous

• Outstanding Shares: 89,100,000
• Free Float: 76,359,000
• Market Cap: $1.90 billion
• Optionable: N/A
• Beta: 0.32