Roth Capital Decreases Earnings Estimates for Sable Offshore

Sable Offshore Corp. (NYSE:SOC - Free Report) - Research analysts at Roth Capital cut their Q1 2026 EPS estimates for Sable Offshore in a research note issued on Monday, April 14th. Roth Capital analyst L. Mariani now anticipates that the company will post earnings of $0.38 per share for the quarter, down from their previous forecast of $0.48. 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 Q2 2026 earnings at $0.37 EPS, Q3 2026 earnings at $0.46 EPS and Q4 2026 earnings at $0.50 EPS.

SOC has been the subject of a number of other reports. Benchmark reiterated a "buy" rating on shares of Sable Offshore in a research note on Tuesday, March 18th. BWS Financial reiterated a "sell" rating and issued a $6.00 price objective on shares of Sable Offshore in a report on Tuesday, March 18th. Finally, Roth Mkm assumed coverage on shares of Sable Offshore in a report on Thursday, March 27th. They set a "buy" rating and a $30.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.50.

Sable Offshore Stock Down 7.6 %

Shares of Sable Offshore stock traded down $1.54 during midday trading on Wednesday, hitting $18.62. 795,827 shares of the company traded hands, compared to its average volume of 1,092,773. The company has a current ratio of 3.50, a quick ratio of 3.34 and a debt-to-equity ratio of 4.86. The firm's fifty day moving average price is $24.44 and its 200-day moving average price is $23.27. Sable Offshore has a 12 month low of $10.26 and a 12 month high of $32.33.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Summit Securities Group LLC bought a new position in shares of Sable Offshore during the 4th quarter worth approximately $53,000. IFP Advisors Inc acquired a new position in shares of Sable Offshore during the fourth quarter worth approximately $81,000. ORG Wealth Partners LLC bought a new position in shares of Sable Offshore in the 4th quarter worth $106,000. Salem Investment Counselors Inc. grew its position in Sable Offshore by 81.8% in the 4th quarter. Salem Investment Counselors Inc. now owns 5,000 shares of the company's stock valued at $114,000 after purchasing an additional 2,250 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in Sable Offshore during the fourth quarter worth $144,000. 26.19% of the stock is owned by institutional investors and hedge funds.

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.