NYSE:SOC Sable Offshore (SOC) Stock Price, News & Analysis $25.74 -0.15 (-0.58%) (As of 09/18/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestTrends Get Sable Offshore alerts: Email Address About Sable Offshore Stock (NYSE:SOC) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get Sable Offshore alerts:Sign Up Key Stats Today's Range$25.30▼$26.1550-Day Range$13.98▼$25.8952-Week Range$10.11▼$26.33Volume913,066 shsAverage Volume386,034 shsMarket Capitalization$1.55 billionP/E RatioN/ADividend YieldN/APrice Target$25.33Consensus RatingBuy Company OverviewSable 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. The company was formerly known as Flame Acquisition Corp. and changed its name to Sable Offshore Corp. in February 2024. Sable Offshore Corp. was incorporated in 2020 and is based in Houston, Texas.Read More… Man who Predicted Trump 2016 Win: “Prepare for Election Meltdown” (Ad)Former advisor to the CIA, the Pentagon and the White House Jim Rickards went on multiple TV news programs… A predicted Trump would win. You won’t believe what he’s predicting now.Click here to see it because it’s a SHOCKER… Sable Offshore Stock Analysis - MarketRank™See Top Rated MarketRank™ StocksOverall MarketRank™: 27th PercentileSable Offshore scored higher than 27% of companies evaluated by MarketBeat, and ranked 235th out of 263 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion1.5 / 5Analyst RatingBuy Consensus RatingSable Offshore has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageSable Offshore has only been the subject of 2 research reports in the past 90 days.Read more about Sable Offshore's stock forecast and price target. Earnings and Valuation0.6 / 5Proj. Earnings GrowthGrowing Earnings GrowthEarnings for Sable Offshore are expected to grow in the coming year, from ($2.82) to $3.33 per share.Read more about Sable Offshore's valuation and earnings. Short Interest3.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted6.22% of the float of Sable Offshore has been sold short.Short Interest Ratio / Days to CoverSable Offshore has a short interest ratio ("days to cover") of 4.2.Change versus previous monthShort interest in Sable Offshore has recently decreased by 5.64%, indicating that investor sentiment is improving significantly. Dividend0.0 / 5Dividend StrengthN/A Dividend YieldSable Offshore does not currently pay a dividend.Dividend GrowthSable Offshore does not have a long track record of dividend growth. Sustainability and ESGN/AEnvironmental ScoreN/A Percentage of Shares Shorted6.22% of the float of Sable Offshore has been sold short.Short Interest Ratio / Days to CoverSable Offshore has a short interest ratio ("days to cover") of 4.2.Change versus previous monthShort interest in Sable Offshore has recently decreased by 5.64%, indicating that investor sentiment is improving significantly. News and Social Media2.5 / 5News Sentiment0.42 News SentimentSable Offshore has a news sentiment score of 0.42. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.62 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Sable Offshore this week, compared to 1 article on an average week.Search Interest1 people have searched for SOC on MarketBeat in the last 30 days. MarketBeat FollowsOnly 1 people have added Sable Offshore to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Company Ownership2.5 / 5Insider TradingAcquiring Shares Insider Buying vs. Insider SellingIn the past three months, Sable Offshore insiders have bought more of their company's stock than they have sold. Specifically, they have bought $633,450.00 in company stock and sold $0.00 in company stock.Percentage Held by Insiders14.30% of the stock of Sable Offshore is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by InstitutionsOnly 26.19% of the stock of Sable Offshore is held by institutions.Read more about Sable Offshore's insider trading history. Receive SOC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Sable Offshore and its competitors with MarketBeat's FREE daily newsletter. Email Address SOC Stock News HeadlinesSable Offshore Corp. (NYSE:SOC) Major Shareholder Global Icav Pilgrim Acquires 41,000 SharesAugust 30, 2024 | insidertrades.comSable Offshore (NYSE:SOC) Stock Price Up 4.7%September 15 at 4:59 AM | americanbankingnews.comCentral Bank Abandons USDStartling new evidence shows the U.S. Central Bank is abandoning the currency we’ve relied on for centuries – the United States Dollar… And placing a ‘quiet bet’ on a new type of currency… Gold. September 18, 2024 | True Gold Republic (Ad)Sable Offshore’s Buy Rating Affirmed with Increased Price Target Post-Legal Settlement and Operational AdvancementsSeptember 4, 2024 | markets.businessinsider.comSable Offshore’s Favorable Outlook Justifies Buy Rating and Target Price IncreaseSeptember 4, 2024 | markets.businessinsider.comSable Offshore Shares Rise 28% on Settled Litigation with Santa Barbara County, Production Restart ViewsSeptember 4, 2024 | marketwatch.comSable Offshore soars to all-time high on California settlementSeptember 4, 2024 | msn.comSable Offshore Corp (SOC)August 25, 2024 | investing.comSee More Headlines SOC Stock Analysis - Frequently Asked Questions How have SOC shares performed this year? Sable Offshore's stock was trading at $12.07 on January 1st, 2024. Since then, SOC shares have increased by 113.3% and is now trading at $25.74. View the best growth stocks for 2024 here. How were Sable Offshore's earnings last quarter? Sable Offshore Corp. (NYSE:SOC) announced its quarterly earnings results on Tuesday, August, 13th. The company reported ($2.75) earnings per share for the quarter, missing analysts' consensus estimates of ($0.39) by $2.36. Who are Sable Offshore's major shareholders? Top institutional shareholders of Sable Offshore include Bank of New York Mellon Corp (0.24%), GM Advisory Group LLC (0.18%), Rhumbline Advisers (0.10%) and Emfo LLC (0.04%). Insiders that own company stock include Global Icav Pilgrim, Christopher Binyon Sarofim, James C Flores, James Caldwell Flores and Gregory Phillip Pipkin. View institutional ownership trends. How do I buy shares of Sable Offshore? Shares of SOC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. Company Calendar Last Earnings8/13/2024Today9/18/2024Next Earnings (Estimated)11/12/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorOils/Energy Industry Crude petroleum & natural gas Sub-IndustryPetroleum And Natural Gas Current SymbolNYSE:SOC Previous SymbolNYSE:SOC CUSIPN/A CIK1831481 Webwww.flameacq.com Phone713-579-6106FaxN/AEmployees2Year FoundedN/APrice Target and Rating Average Stock Price Target$25.33 High Stock Price Target$32.00 Low Stock Price Target$20.00 Potential Upside/Downside-0.9%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)N/A Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-32,180,000.00 Net MarginsN/A Pretax MarginN/A Return on Equity-451.70% Return on Assets-51.62% Debt Debt-to-Equity Ratio6.48 Current Ratio2.73 Quick Ratio2.46 Sales & Book Value Annual SalesN/A Price / SalesN/A Cash FlowN/A Price / Cash FlowN/A Book Value($7.73) per share Price / Book-3.31Miscellaneous Outstanding Shares60,166,000Free Float51,562,000Market Cap$1.54 billion OptionableN/A Beta0.26 Metaverse Stocks And Why You Can't Ignore ThemThinking about investing in Meta, Roblox, or Unity? 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