Sable Offshore (NYSE:SOC - Get Free Report)'s stock had its "sell" rating restated by equities researchers at BWS Financial in a report issued on Tuesday,Benzinga reports. They currently have a $6.00 target price on the stock. BWS Financial's price objective would indicate a potential downside of 76.08% from the company's previous close. BWS Financial also issued estimates for Sable Offshore's FY2025 earnings at $1.52 EPS.
Other research analysts have also issued research reports about the company. Benchmark reiterated a "buy" rating and issued a $37.00 price target on shares of Sable Offshore in a research report on Thursday, February 20th. Pickering Energy Partners initiated coverage on Sable Offshore in a research report on Tuesday, December 17th. They set an "outperform" rating for the company. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Sable Offshore has an average rating of "Moderate Buy" and a consensus price target of $26.25.
Check Out Our Latest Analysis on SOC
Sable Offshore Stock Performance
Shares of SOC stock traded down $0.87 during trading hours on Tuesday, hitting $25.08. The stock had a trading volume of 1,181,395 shares, compared to its average volume of 949,880. Sable Offshore has a one year low of $10.11 and a one year high of $32.33. The company has a current ratio of 3.50, a quick ratio of 3.34 and a debt-to-equity ratio of 4.86. The stock's 50-day moving average price is $25.88 and its two-hundred day moving average price is $23.58.
Institutional Investors Weigh In On Sable Offshore
A number of large investors have recently made changes to their positions in the stock. Summit Securities Group LLC purchased a new stake in Sable Offshore in the fourth quarter valued at $53,000. IFP Advisors Inc acquired a new stake in Sable Offshore in the 4th quarter valued at about $81,000. ORG Wealth Partners LLC acquired a new stake in Sable Offshore in the 4th quarter valued at about $106,000. Salem Investment Counselors Inc. raised its holdings in Sable Offshore by 81.8% in 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. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Sable Offshore in the 4th quarter valued at approximately $144,000. 26.19% of the stock is owned by hedge funds and other institutional investors.
About Sable Offshore
(
Get Free Report)
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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