Brokerages Set Sable Offshore Corp. (NYSE:SOC) Target Price at $25.00

Sable Offshore Corp. (NYSE:SOC - Get Free Report) has been assigned an average rating of "Moderate Buy" from the six ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $25.00.

SOC has been the topic of several research analyst reports. BWS Financial reiterated a "sell" rating and issued a $6.00 target price on shares of Sable Offshore in a research report on Wednesday, November 27th. Pickering Energy Partners began coverage on shares of Sable Offshore in a research note on Tuesday, December 17th. They issued an "outperform" rating on the stock. Finally, Johnson Rice started coverage on Sable Offshore in a research note on Tuesday, November 5th. They set a "buy" rating and a $30.00 price objective for the company.

Institutional Trading of Sable Offshore

Several large investors have recently bought and sold shares of SOC. IFP Advisors Inc acquired a new stake in shares of Sable Offshore in the fourth quarter valued at approximately $81,000. ORG Wealth Partners LLC purchased a new position in shares of Sable Offshore during the 4th quarter worth $106,000. Salem Investment Counselors Inc. boosted its position in shares of Sable Offshore by 81.8% during the 4th quarter. Salem Investment Counselors Inc. now owns 5,000 shares of the company's stock valued at $114,000 after acquiring an additional 2,250 shares during the last quarter. US Bancorp DE grew its holdings in shares of Sable Offshore by 340.4% in the third quarter. US Bancorp DE now owns 4,862 shares of the company's stock valued at $115,000 after purchasing an additional 3,758 shares during the period. Finally, Covestor Ltd acquired a new stake in Sable Offshore during the third quarter worth about $130,000. Hedge funds and other institutional investors own 26.19% of the company's stock.

Sable Offshore Stock Performance

Shares of SOC stock traded down $0.70 during trading hours on Wednesday, hitting $21.90. 1,063,578 shares of the company's stock were exchanged, compared to its average volume of 1,198,640. The firm has a 50 day moving average of $23.20 and a two-hundred day moving average of $21.28. Sable Offshore has a fifty-two week low of $10.11 and a fifty-two week high of $29.80. The company has a current ratio of 3.50, a quick ratio of 3.34 and a debt-to-equity ratio of 4.86.

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.