Roth Capital Estimates Sable Offshore Q1 Earnings

Sable Offshore Corp. (NYSE:SOC - Free Report) - Research analysts at Roth Capital issued their Q1 2025 earnings estimates for Sable Offshore in a research report issued on Thursday, March 27th. Roth Capital analyst L. Mariani expects that the company will post earnings per share of ($0.76) for the quarter. 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 2025 earnings at ($0.41) EPS, Q3 2025 earnings at $0.15 EPS, Q4 2025 earnings at $0.42 EPS, FY2025 earnings at ($0.60) EPS, Q1 2026 earnings at $0.48 EPS, Q2 2026 earnings at $0.46 EPS, Q3 2026 earnings at $0.51 EPS, Q4 2026 earnings at $0.54 EPS, FY2026 earnings at $2.00 EPS and FY2027 earnings at $2.47 EPS.

Other equities research analysts have also recently issued research reports about the stock. Roth Mkm started coverage on shares of Sable Offshore in a research note on Thursday, March 27th. They issued a "buy" rating and a $30.00 target price for the company. Benchmark reiterated a "buy" rating on shares of Sable Offshore in a research report on Tuesday, March 18th. Pickering Energy Partners began coverage on Sable Offshore in a research report on Tuesday, December 17th. They set an "outperform" rating on the stock. Finally, BWS Financial reaffirmed a "sell" rating and issued a $6.00 target price 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Sable Offshore currently has an average rating of "Moderate Buy" and a consensus price target of $27.50.

Remove Ads

Sable Offshore Stock Performance

NYSE SOC traded down $4.57 during midday trading on Monday, hitting $21.65. The company had a trading volume of 2,015,213 shares, compared to its average volume of 984,970. The firm has a fifty day simple moving average of $25.97 and a two-hundred day simple moving average of $23.81. Sable Offshore has a fifty-two week low of $10.11 and a fifty-two week high of $32.33. The company has a debt-to-equity ratio of 4.86, a quick ratio of 3.34 and a current ratio of 3.50.

Hedge Funds Weigh In On Sable Offshore

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Himalaya Capital Management LLC bought a new position in shares of Sable Offshore during the third quarter valued at $31,735,000. Encompass Capital Advisors LLC increased its position in shares of Sable Offshore by 128.9% during the 4th quarter. Encompass Capital Advisors LLC now owns 1,400,000 shares of the company's stock worth $32,060,000 after purchasing an additional 788,495 shares in the last quarter. State Street Corp lifted its holdings in Sable Offshore by 74.3% during the 3rd quarter. State Street Corp now owns 1,589,395 shares of the company's stock valued at $37,557,000 after purchasing an additional 677,426 shares during the last quarter. Vanguard Group Inc. boosted its position in Sable Offshore by 23.6% in the fourth quarter. Vanguard Group Inc. now owns 3,486,126 shares of the company's stock valued at $79,832,000 after buying an additional 665,407 shares in the last quarter. Finally, Emerald Advisers LLC bought a new stake in Sable Offshore during the fourth quarter worth about $6,700,000. Institutional investors own 26.19% of the company's stock.

About Sable Offshore

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.