Weekly Research Analysts’ Ratings Updates for Sable Offshore (SOC)

Several analysts have recently updated their ratings and price targets for Sable Offshore (NYSE: SOC):

• 5/26/2025 – Sable Offshore had its “buy” rating reaffirmed by analysts at Jefferies Financial Group Inc..
• 5/23/2025 – Sable Offshore was given a new $37.00 price target on by analysts at Roth Capital. They now have a “buy” rating on the stock.
• 5/20/2025 – Sable Offshore had its price target raised by analysts at Benchmark Co. from $37.00 to $47.00. They now have a “buy” rating on the stock.
• 5/13/2025 – Sable Offshore had its “sell” rating reaffirmed by analysts at BWS Financial. They now have a $6.00 price target on the stock.

Sable Offshore Price Performance

Shares of NYSE:SOC traded down $5.15 during mid-day trading on Tuesday, reaching $24.03. 6,251,127 shares of the stock were exchanged, compared to its average volume of 1,381,785. The stock’s 50 day simple moving average is $23.50 and its 200-day simple moving average is $24.07. Sable Offshore Corp. has a one year low of $13.66 and a one year high of $35.00. The company has a quick ratio of 3.34, a current ratio of 3.50 and a debt-to-equity ratio of 4.86.

Sable Offshore (NYSE:SOC) last posted its quarterly earnings data on Tuesday, May 13th. The company reported ($1.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.63). The firm had revenue of $78.00 million for the quarter, compared to the consensus estimate of $21.00 million. On average, analysts predict that Sable Offshore Corp. will post -6.39 EPS for the current year.

Insiders Place Their Bets

In related news, major shareholder Global Icav Pilgrim sold 143,806 shares of the company’s stock in a transaction dated Thursday, April 17th. The stock was sold at an average price of $25.37, for a total transaction of $3,648,358.22. Following the sale, the insider now owns 10,100,569 shares in the company, valued at approximately $256,251,435.53. This represents a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 36.36% of the company’s stock.

Institutional Investors Weigh In On Sable Offshore

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Sable Offshore by 5.7% in the 1st quarter. Vanguard Group Inc. now owns 3,685,492 shares of the company’s stock valued at $93,501,000 after acquiring an additional 199,366 shares during the period. Encompass Capital Advisors LLC increased its position in Sable Offshore by 92.5% during the first quarter. Encompass Capital Advisors LLC now owns 2,694,954 shares of the company’s stock worth $68,371,000 after buying an additional 1,294,954 shares during the last quarter. Geode Capital Management LLC raised its stake in Sable Offshore by 16.9% in the fourth quarter. Geode Capital Management LLC now owns 1,229,148 shares of the company’s stock valued at $28,155,000 after buying an additional 177,971 shares during the period. Greenhaven Road Investment Management L.P. lifted its position in shares of Sable Offshore by 24.3% in the fourth quarter. Greenhaven Road Investment Management L.P. now owns 623,364 shares of the company’s stock valued at $14,275,000 after buying an additional 121,751 shares during the last quarter. Finally, GM Advisory Group LLC boosted its stake in shares of Sable Offshore by 17.6% during the 4th quarter. GM Advisory Group LLC now owns 600,000 shares of the company’s stock worth $13,740,000 after acquiring an additional 90,000 shares during the period. Institutional investors and hedge funds own 26.19% of the company’s stock.

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.