Roth Capital Decreases Earnings Estimates for Sable Offshore

Key Points

• Roth Capital has revised down its Q2 2026 earnings estimates for Sable Offshore Corp, forecasting earnings per share (EPS) at $0.36, down from a previous estimate of $0.48.
• Weiss Ratings has issued a "sell" rating for the stock, while six analysts maintain a "Buy" rating, leading to a consensus target price of $28.20.
• Sable Offshore reported a significant EPS miss in its last quarter, with actual earnings at ($1.10) compared to the consensus estimate of ($0.66).

Sable Offshore Corp. (NYSE:SOC - Free Report) - Research analysts at Roth Capital decreased their Q2 2026 earnings per share (EPS) estimates for shares of Sable Offshore in a research report issued on Tuesday, October 14th. Roth Capital analyst L. Mariani now forecasts that the company will earn $0.36 per share for the quarter, down from their prior forecast of $0.48. Roth Capital currently has a "Buy" rating and a $28.00 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 Q3 2026 earnings at $0.57 EPS, Q4 2026 earnings at $0.73 EPS, Q1 2027 earnings at $0.83 EPS, Q2 2027 earnings at $0.81 EPS, Q3 2027 earnings at $0.93 EPS and FY2027 earnings at $3.54 EPS.

Sable Offshore (NYSE:SOC - Get Free Report) last issued its quarterly earnings results 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).

Separately, Weiss Ratings reissued a "sell (d)" rating on shares of Sable Offshore in a research note on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $28.20.

Sable Offshore Price Performance

Shares of Sable Offshore stock opened at $14.07 on Thursday. Sable Offshore has a fifty-two week low of $13.36 and a fifty-two week high of $35.00. The business's fifty day moving average is $23.60 and its two-hundred day moving average is $23.97.

Insider Buying and Selling at Sable Offshore

In related news, major shareholder Global Icav Pilgrim sold 167,175 shares of the stock in a transaction on Friday, July 18th. The stock was sold at an average price of $21.98, for a total value of $3,674,506.50. Following the completion of the sale, the insider directly owned 9,933,394 shares in the company, valued at approximately $218,336,000.12. This represents a 1.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 36.36% of the company's stock.

Institutional Trading of Sable Offshore

Several large investors have recently added to or reduced their stakes in SOC. GAMMA Investing LLC increased its holdings in Sable Offshore by 2,920.0% in the 1st quarter. GAMMA Investing LLC now owns 31,408 shares of the company's stock valued at $797,000 after purchasing an additional 30,368 shares in the last quarter. Rhumbline Advisers increased its holdings in Sable Offshore by 8.1% in the 1st quarter. Rhumbline Advisers now owns 71,815 shares of the company's stock valued at $1,822,000 after purchasing an additional 5,402 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Sable Offshore in the 1st quarter valued at $295,000. Argent Advisors Inc. acquired a new stake in Sable Offshore in the 1st quarter valued at $254,000. Finally, RedJay Asset Management Inc. acquired a new stake in Sable Offshore in the 1st quarter valued at $4,567,000. 26.19% of the stock is currently owned by institutional investors and hedge funds.

Sable Offshore Company Profile

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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