Sable Offshore (NYSE:SOC - Get Free Report) will likely be releasing its earnings data before the market opens on Thursday, February 13th. Analysts expect Sable Offshore to post earnings of ($0.22) per share for the quarter.
Sable Offshore Stock Performance
Shares of SOC traded down $0.07 during mid-day trading on Friday, hitting $30.56. 2,647,580 shares of the company's stock were exchanged, compared to its average volume of 1,452,886. Sable Offshore has a 52 week low of $10.11 and a 52 week high of $31.56. The stock's 50-day simple moving average is $23.84 and its 200-day simple moving average is $21.64. The company has a quick ratio of 3.34, a current ratio of 3.50 and a debt-to-equity ratio of 4.86.
Analyst Upgrades and Downgrades
SOC has been the topic of a number of recent analyst reports. BWS Financial reissued a "sell" rating and issued a $6.00 price objective on shares of Sable Offshore in a research note on Wednesday, November 27th. Johnson Rice initiated coverage on shares of Sable Offshore in a research note on Tuesday, November 5th. They issued a "buy" rating and a $30.00 price objective on the stock. Finally, Pickering Energy Partners initiated coverage on shares of Sable Offshore in a research note on Tuesday, December 17th. They issued an "outperform" rating on the stock. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Sable Offshore has a consensus rating of "Moderate Buy" and a consensus target price of $25.00.
Read Our Latest Research Report on SOC
Sable Offshore Company Profile
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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.
Further Reading
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