Sable Offshore (SOC) to Release Quarterly Earnings on Thursday

Sable Offshore (NYSE:SOC - Get Free Report) is anticipated to announce its earnings results before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of ($0.22) per share for the quarter.

Sable Offshore Trading Down 3.1 %

NYSE:SOC opened at $28.47 on Friday. Sable Offshore has a twelve month low of $10.11 and a twelve month high of $32.33. The company has a debt-to-equity ratio of 4.86, a current ratio of 3.50 and a quick ratio of 3.34. The company's 50 day moving average is $24.78 and its two-hundred day moving average is $22.13.

Analyst Ratings Changes

Several analysts have recently commented on SOC shares. Benchmark reaffirmed a "buy" rating and issued a $37.00 price objective on shares of Sable Offshore in a report on Thursday. Johnson Rice started coverage on shares of Sable Offshore in a report on Tuesday, November 5th. They issued a "buy" rating and a $30.00 price objective on the stock. Pickering Energy Partners started coverage on shares of Sable Offshore in a report on Tuesday, December 17th. They issued an "outperform" rating on the stock. Finally, BWS Financial reaffirmed a "sell" rating and issued a $6.00 price objective on shares of Sable Offshore in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $25.00.

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.

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