Sable Offshore Corp. (NYSE:SOC) Receives Average Rating of "Hold" from Brokerages

Key Points

• Six analysts give Sable Offshore an average recommendation of Hold (2 sell, 1 hold, 3 buy) with an average 12‑month price target of $18.00.
• Insider sales have been heavy: insiders sold 1,036,663 shares (~$16.66M) in the last three months to cover tax withholding on vested awards, though insiders still own 36.36% of the company.
• Shares opened at $14.34 (market cap $2.11B) with a 52‑week range of $3.72–$35.00; Sable beat Q4 EPS estimates with (‑$0.39) vs (‑$0.59), and analysts project $1.47 EPS for the current year.

Shares of Sable Offshore Corp. (NYSE:SOC - Get Free Report) have earned an average recommendation of "Hold" from the six research firms that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $18.00.

Several equities analysts recently commented on the company. Weiss Ratings reiterated a "sell (d-)" rating on shares of Sable Offshore in a research note on Friday, April 24th. Wall Street Zen raised Sable Offshore from a "strong sell" rating to a "sell" rating in a research report on Saturday, April 25th. Benchmark restated a "hold" rating on shares of Sable Offshore in a research note on Thursday, March 5th. Finally, Jefferies Financial Group dropped their price target on Sable Offshore from $30.00 to $24.00 and set a "buy" rating on the stock in a research report on Wednesday, April 22nd.

Sable Offshore Stock Performance

Shares of SOC stock opened at $14.34 on Friday. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of -3.41 and a beta of -0.10. Sable Offshore has a 52 week low of $3.72 and a 52 week high of $35.00. The firm's 50-day simple moving average is $13.96 and its two-hundred day simple moving average is $10.49.

Sable Offshore (NYSE:SOC - Get Free Report) last released its earnings results on Friday, February 27th. The company reported ($0.39) earnings per share for the quarter, beating analysts' consensus estimates of ($0.59) by $0.20. Analysts forecast that Sable Offshore will post 1.47 earnings per share for the current year.

Insider Activity at Sable Offshore

In other Sable Offshore news, insider Anthony Duenner sold 39,312 shares of the stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $13.56, for a total transaction of $533,070.72. Following the completion of the transaction, the insider owned 590,864 shares in the company, valued at $8,012,115.84. This trade represents a 6.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO James Caldwell Flores sold 39,311 shares of Sable Offshore stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $13.56, for a total transaction of $533,057.16. Following the completion of the transaction, the chief operating officer owned 562,740 shares of the company's stock, valued at $7,630,754.40. The trade was a 6.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 1,036,663 shares of company stock worth $16,658,979. Company insiders own 36.36% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC boosted its position in shares of Sable Offshore by 36.2% in the first quarter. NewEdge Advisors LLC now owns 2,448 shares of the company's stock valued at $62,000 after acquiring an additional 650 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Sable Offshore by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,991 shares of the company's stock worth $761,000 after acquiring an additional 1,271 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Sable Offshore by 3.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 61,886 shares of the company's stock worth $559,000 after purchasing an additional 1,856 shares in the last quarter. Bleakley Financial Group LLC boosted its holdings in Sable Offshore by 4.4% in the 3rd quarter. Bleakley Financial Group LLC now owns 50,949 shares of the company's stock valued at $890,000 after purchasing an additional 2,167 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in Sable Offshore by 65.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,504 shares of the company's stock valued at $165,000 after purchasing an additional 2,960 shares during the period. 26.19% of the stock is owned by institutional investors.

Sable Offshore News Roundup

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

• Neutral Sentiment: Anthony Duenner (insider) sold 39,312 shares on April 29 at an average $13.56 (≈ $533,071) and 40,743 shares on April 28 at $13.33 (≈ $543,104). Post-sales he still owns a large stake (~590,864 shares before the later sale disclosures); the filings say the sales were to cover tax withholding on vested awards. Insider Sale - Duenner
• Neutral Sentiment: Gregory D. Patrinely (EVP) sold 39,311 shares on April 29 at $13.56 (≈ $533,057) and 40,743 shares on April 28 at $13.33 (≈ $543,104). After the transactions he still holds a substantial position; the SEC filing cites tax-withholding as the reason for the sales. Insider Sale - Patrinely
• Neutral Sentiment: James Caldwell Flores (COO) sold 39,311 shares on April 29 at $13.56 (≈ $533,057). The filing indicates the sale was executed to satisfy tax withholding obligations related to vested awards; he continues to hold a sizable stake. Insider Sale - Flores

Sable Offshore Company Profile

Sable Offshore NYSE: SOC is an independent upstream oil and natural gas company specializing in offshore hydrocarbon exploration and production. The company identifies and secures exploration and development rights, conducts detailed seismic interpretation, and advances offshore prospects through appraisal and development phases. Its focus on the offshore environment drives investments in specialized drilling techniques, subsea infrastructure and production facility design.

Core business activities include offshore seismic surveys, the drilling of exploration and appraisal wells, installation and operation of production platforms or subsea systems, and well intervention services.

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