Roth Capital Decreases Earnings Estimates for Sable Offshore

Key Points

• Roth Capital has decreased its Q1 2026 earnings per share estimate for Sable Offshore Corp. from $0.67 to $0.51, while maintaining a "Buy" rating with a price target of $37.00.
• The company's recent quarterly earnings report showed a loss of ($1.10) per share, missing analysts' expectations of ($0.66).
• Amid varying analyst ratings, Sable Offshore has a current consensus rating of "Moderate Buy" with an average price target of $30.33.

Sable Offshore Corp. (NYSE:SOC - Free Report) - Investment analysts at Roth Capital cut their Q1 2026 earnings per share estimates for shares of Sable Offshore in a report issued on Tuesday, August 12th. Roth Capital analyst L. Mariani now forecasts that the company will post earnings of $0.51 per share for the quarter, down from their prior estimate of $0.67. Roth Capital has a "Buy" rating and a $37.00 price objective on the stock. The consensus estimate for Sable Offshore's current full-year earnings is ($6.39) per share. Roth Capital also issued estimates for Sable Offshore's Q2 2026 earnings at $0.53 EPS, Q3 2026 earnings at $0.71 EPS, FY2026 earnings at $2.55 EPS, Q1 2027 earnings at $0.81 EPS, Q2 2027 earnings at $0.79 EPS and FY2027 earnings at $3.43 EPS.

Sable Offshore (NYSE:SOC - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The company reported ($1.10) earnings per share for the quarter, missing analysts' consensus estimates of ($0.66) by ($0.44).

Several other research analysts also recently weighed in on SOC. Jefferies Financial Group reiterated a "buy" rating on shares of Sable Offshore in a report on Monday, May 26th. BWS Financial reiterated a "sell" rating and issued a $6.00 price target on shares of Sable Offshore in a report on Tuesday, May 13th. Finally, Benchmark upped their price objective on Sable Offshore from $37.00 to $47.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $30.33.

Sable Offshore Price Performance

Shares of SOC opened at $28.77 on Wednesday. The stock has a fifty day moving average of $25.28 and a two-hundred day moving average of $24.88. The company has a current ratio of 1.67, a quick ratio of 1.57 and a debt-to-equity ratio of 3.04. Sable Offshore has a fifty-two week low of $14.54 and a fifty-two week high of $35.00.

Hedge Funds Weigh In On Sable Offshore

Large investors have recently modified their holdings of the stock. SVB Wealth LLC bought a new position in shares of Sable Offshore during the first quarter worth about $29,000. CWM LLC lifted its holdings in Sable Offshore by 1,262.8% in the second quarter. CWM LLC now owns 1,867 shares of the company's stock worth $41,000 after acquiring an additional 1,730 shares during the last quarter. Quantbot Technologies LP bought a new position in Sable Offshore in the first quarter worth about $48,000. KBC Group NV bought a new position in Sable Offshore in the second quarter worth about $46,000. Finally, NewEdge Advisors LLC lifted its holdings in Sable Offshore by 36.2% in the first quarter. NewEdge Advisors LLC now owns 2,448 shares of the company's stock worth $62,000 after acquiring an additional 650 shares during the last quarter. Institutional investors own 26.19% of the company's stock.

Insiders Place Their Bets

In other Sable Offshore news, major shareholder Global Icav Pilgrim sold 167,175 shares of the company's stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $21.98, for a total value of $3,674,506.50. Following the completion of the transaction, the insider directly owned 9,933,394 shares of the company's stock, valued at $218,336,000.12. This represents a 1.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 36.36% of the stock is currently owned by insiders.

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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