Sable Offshore (NYSE:SOC - Get Free Report) is expected to issue its quarterly earnings data before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of ($0.22) per share for the quarter.
Sable Offshore Stock Performance
Sable Offshore stock traded down $0.70 during mid-day trading on Friday, hitting $21.90. 1,063,578 shares of the company's stock were exchanged, compared to its average volume of 1,198,640. Sable Offshore has a 1-year low of $10.11 and a 1-year high of $29.80. The stock has a 50 day moving average of $23.20 and a two-hundred day moving average of $21.35. The company has a current ratio of 3.50, a quick ratio of 3.34 and a debt-to-equity ratio of 4.86.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the company. Pickering Energy Partners assumed coverage on Sable Offshore in a research note on Tuesday, December 17th. They issued an "outperform" rating on the stock. BWS Financial restated a "sell" rating and issued a $6.00 price objective on shares of Sable Offshore in a research note on Wednesday, November 27th. Finally, Johnson Rice assumed coverage on shares of Sable Offshore in a research note on Tuesday, November 5th. They issued a "buy" rating and a $30.00 target price on the stock. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Sable Offshore currently has an average rating of "Moderate Buy" and a consensus target price of $25.00.
View Our Latest Research Report on SOC
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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