Sable Offshore Corp. (NYSE:SOC) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• Six analysts give Sable Offshore a consensus rating of Hold (2 sell, 1 hold, 3 buy) with an average 12‑month target of $19, while some firms (e.g., Jefferies) have higher targets like $28.
• In its most recent quarter Sable Offshore reported EPS of ($0.39) and revenue of $1.0M, both beating estimates, though analysts still forecast a full‑year EPS of −6.39.
• Shares opened at $16.73, trade in a 52‑week range of $3.72–$35.00, have a market cap of $2.43B and a negative P/E of −3.98, with roughly 26.19% of stock owned by hedge funds/institutions.

Sable Offshore Corp. (NYSE:SOC - Get Free Report) has received a consensus rating of "Hold" from the six analysts that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $19.00.

SOC has been the subject of several recent analyst reports. TD Cowen reiterated a "buy" rating on shares of Sable Offshore in a report on Thursday, December 18th. Benchmark restated a "hold" rating on shares of Sable Offshore in a research report on Thursday, March 5th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Sable Offshore in a research note on Tuesday, January 27th. Jefferies Financial Group reiterated a "buy" rating and set a $28.00 price objective on shares of Sable Offshore in a research report on Thursday, March 5th. Finally, Roth Mkm restated a "buy" rating on shares of Sable Offshore in a report on Wednesday, December 24th.

Sable Offshore Stock Up 16.1%

Shares of NYSE SOC opened at $16.73 on Thursday. Sable Offshore has a 52-week low of $3.72 and a 52-week high of $35.00. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of -3.98 and a beta of 0.43. The stock's fifty day simple moving average is $10.07 and its 200 day simple moving average is $12.27.

Sable Offshore (NYSE:SOC - Get Free Report) last released its quarterly 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. The company had revenue of $1.00 million during the quarter, compared to analyst estimates of $0.50 million. As a group, analysts anticipate that Sable Offshore will post -6.39 earnings per share for the current year.

Institutional Investors Weigh In On Sable Offshore

Hedge funds have recently bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. purchased a new position in Sable Offshore during the 4th quarter valued at about $37,000. KBC Group NV purchased a new stake in shares of Sable Offshore in the second quarter worth approximately $46,000. Aster Capital Management DIFC Ltd boosted its holdings in shares of Sable Offshore by 263.2% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 5,230 shares of the company's stock worth $47,000 after purchasing an additional 3,790 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Sable Offshore by 36.2% during the first quarter. NewEdge Advisors LLC now owns 2,448 shares of the company's stock worth $62,000 after purchasing an additional 650 shares during the period. Finally, Williams Jones Wealth Management LLC. purchased a new position in Sable Offshore during the fourth quarter valued at approximately $90,000. 26.19% of the stock is owned by hedge funds and other institutional investors.

About Sable Offshore

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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