Investors Purchase Large Volume of Sable Offshore Call Options (NYSE:SOC)

Key Points

• Traders bought 20,884 Sable Offshore call options Monday, about 86% above the typical daily volume.
• SOC fell 56.8% to $0.83 amid halted crude sales and a disclosed going-concern risk, which heightened concerns about liquidity and the ability to fund operations.
• Third-quarter revenue rose 13% year over year to $154.4 million but missed estimates; the company reported a $1.37-per-share loss, far worse than analysts’ expectations.

Sable Offshore Corp. (NYSE:SOC - Get Free Report) saw unusually large options trading on Monday. Stock traders purchased 20,884 call options on the stock. This represents an increase of approximately 86% compared to the typical daily volume of 11,216 call options.

Institutional Investors Weigh In On Sable Offshore

Several hedge funds have recently made changes to their positions in SOC. Bank of America Corp DE grew its stake in Sable Offshore by 224.7% in the first quarter. Bank of America Corp DE now owns 1,295,085 shares of the company's stock worth $21,395,000 after purchasing an additional 896,258 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Sable Offshore during the second quarter valued at approximately $1,161,000. Russell Investments Group Ltd. lifted its holdings in Sable Offshore by 545.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 243,647 shares of the company's stock worth $843,000 after buying an additional 205,894 shares during the last quarter. Jefferies Financial Group Inc. lifted its holdings in Sable Offshore by 531.0% during the 3rd quarter. Jefferies Financial Group Inc. now owns 240,072 shares of the company's stock worth $831,000 after buying an additional 202,026 shares during the last quarter. Finally, IFP Advisors Inc lifted its holdings in Sable Offshore by 15,098,500.0% during the 2nd quarter. IFP Advisors Inc now owns 150,986 shares of the company's stock worth $465,000 after buying an additional 150,985 shares during the last quarter. Institutional investors and hedge funds own 26.19% of the company's stock.

Sable Offshore News Summary

Here are the key news stories impacting Sable Offshore this week:

• Positive Sentiment: Third-quarter revenue rose 13% year over year to $154.4 million, indicating growth before the latest sales disruption. Article: Sable Offshore Q3 revenue arrives at $154.4 million
• Neutral Sentiment: Revenue came in slightly below analysts’ consensus, and the company reported a quarterly loss; reports differ on the per-share loss figure. Article: Sable Offshore Corp. Reports Third Quarter 2026 Financial and Operational Results
• Negative Sentiment: Crude oil sales were halted in October, disrupting cash generation and adding to working-capital pressure. The interruption is a central reason investors are concerned about near-term liquidity. Article: Sable Offshore shares fall as oil sales disruption adds to working capital pressures
• Negative Sentiment: The company disclosed going-concern risk, raising doubts about its ability to fund operations. That warning, combined with the sales interruption, drove a severe selloff and pushed shares to a record low. Article: Sable Offshore sinks to record low after warning of going-concern risk

Sable Offshore Trading Down 56.8%

NYSE:SOC traded down $1.10 on Monday, reaching $0.83. The stock had a trading volume of 194,202,156 shares, compared to its average volume of 8,548,500. The company has a market cap of $159.83 million, a price-to-earnings ratio of -0.25 and a beta of -0.09. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.24 and a quick ratio of 0.18. The firm's fifty day moving average is $3.73 and its two-hundred day moving average is $8.58. Sable Offshore has a 12-month low of $0.51 and a 12-month high of $19.25.

Sable Offshore (NYSE:SOC - Get Free Report) last issued its quarterly earnings results on Monday, November 9th. The company reported ($1.37) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by ($1.21). The firm had revenue of $154.37 million for the quarter, compared to analyst estimates of $157.47 million. Equities analysts expect that Sable Offshore will post -2.20 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SOC has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. initiated coverage on Sable Offshore in a report on Friday, October 2nd. They issued an "overweight" rating and a $10.00 target price for the company. Stifel Nicolaus began coverage on Sable Offshore in a report on Thursday, September 10th. They issued a "buy" rating and a $8.00 target price on the stock. William Blair started coverage on Sable Offshore in a research report on Monday, October 5th. They issued an "outperform" rating for the company. Roth Capital cut their price target on Sable Offshore from $11.00 to $10.00 and set a "buy" rating for the company in a research note on Wednesday, September 30th. Finally, Wall Street Zen raised shares of Sable Offshore from a "strong sell" rating to a "sell" rating in a research note on Sunday, August 30th. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $11.40.

Sable Offshore Company Profile

Sable Offshore Corp. is an independent energy company focused on developing and operating oil and natural gas assets offshore California. Its principal asset is the Santa Ynez Unit, a mature offshore field in the Santa Barbara Channel that includes offshore production platforms, subsea infrastructure, pipelines and the Las Flores Canyon processing facility onshore.

The company's operations are designed to produce and process crude oil, natural gas and associated hydrocarbons from the Santa Ynez Unit.

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