Sable Offshore Corp. (NYSE:SOC - Free Report) - Roth Capital upped their Q2 2025 EPS estimates for Sable Offshore in a report released on Monday, May 19th. Roth Capital analyst L. Mariani now forecasts that the company will earn ($0.46) per share for the quarter, up from their prior forecast of ($0.65). 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 2025 earnings at $0.73 EPS, Q4 2025 earnings at $0.80 EPS, FY2025 earnings at $0.02 EPS, Q1 2026 earnings at $0.89 EPS, Q2 2026 earnings at $0.84 EPS, Q3 2026 earnings at $0.93 EPS, Q4 2026 earnings at $0.96 EPS, FY2026 earnings at $3.62 EPS, Q1 2027 earnings at $1.02 EPS and FY2027 earnings at $4.04 EPS.
Several other equities analysts have also recently weighed in on SOC. BWS Financial reaffirmed a "sell" rating and set a $6.00 target price on shares of Sable Offshore in a research note on Tuesday, May 13th. Roth Mkm started coverage on shares of Sable Offshore in a research note on Thursday, March 27th. They set a "buy" rating and a $30.00 target price for the company. Finally, Benchmark raised their target price on shares of Sable Offshore from $37.00 to $47.00 and gave the company a "buy" rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $29.17.
Check Out Our Latest Stock Report on Sable Offshore
Sable Offshore Trading Down 0.8%
Shares of NYSE SOC traded down $0.25 during midday trading on Wednesday, reaching $32.04. The stock had a trading volume of 2,925,583 shares, compared to its average volume of 1,293,686. The stock has a 50-day moving average of $23.03 and a 200-day moving average of $23.77. The company has a debt-to-equity ratio of 4.86, a quick ratio of 3.34 and a current ratio of 3.50. Sable Offshore has a 12-month low of $13.62 and a 12-month high of $35.00.
Sable Offshore (NYSE:SOC - Get Free Report) last announced 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 analysts' expectations of $21.00 million.
Insider Activity at Sable Offshore
In other Sable Offshore news, major shareholder Global Icav Pilgrim sold 143,806 shares of Sable Offshore stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $25.37, for a total value of $3,648,358.22. Following the completion of the transaction, the insider now directly owns 10,100,569 shares of the company's stock, valued at $256,251,435.53. This trade represents a 1.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 36.36% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Sable Offshore
A number of institutional investors and hedge funds have recently made changes to their positions in SOC. Barclays PLC grew its stake in shares of Sable Offshore by 342.9% in the 3rd quarter. Barclays PLC now owns 77,583 shares of the company's stock worth $1,832,000 after buying an additional 60,065 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Sable Offshore by 153.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 120,032 shares of the company's stock worth $2,836,000 after buying an additional 72,694 shares in the last quarter. Ballentine Partners LLC grew its stake in shares of Sable Offshore by 35.8% in the 4th quarter. Ballentine Partners LLC now owns 17,982 shares of the company's stock worth $412,000 after buying an additional 4,743 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Sable Offshore by 42.0% in the 4th quarter. SG Americas Securities LLC now owns 24,783 shares of the company's stock worth $568,000 after buying an additional 7,332 shares in the last quarter. Finally, Bleakley Financial Group LLC purchased a new position in shares of Sable Offshore in the 4th quarter worth $1,562,000. 26.19% of the stock is owned by hedge funds and other institutional investors.
Sable Offshore Company Profile
(
Get Free Report)
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.
See Also
Before you consider Sable Offshore, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sable Offshore wasn't on the list.
While Sable Offshore currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
