Sable Offshore (SOC) Expected to Announce Earnings on Thursday

Sable Offshore (NYSE:SOC - Get Free Report) will likely be releasing its Q1 2026 results before the market opens on Thursday, May 7th. Analysts expect Sable Offshore to post earnings of ($0.5329) per share and revenue of $5.20 million for the quarter. Parties may visit the the company's upcoming Q1 2026 earning results page for the latest details on the call scheduled for Thursday, May 14, 2026 at 4:00 PM ET.

Sable Offshore (NYSE:SOC - Get Free Report) last issued its earnings results on Friday, February 27th. The company reported ($0.39) EPS for the quarter, topping analysts' consensus estimates of ($0.59) by $0.20. On average, analysts expect Sable Offshore to post $1 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Sable Offshore Price Performance

Shares of SOC stock opened at $13.95 on Thursday. The firm's 50-day moving average is $13.85 and its two-hundred day moving average is $10.47. Sable Offshore has a 12 month low of $3.72 and a 12 month high of $35.00. The company has a market capitalization of $2.05 billion, a PE ratio of -3.32 and a beta of -0.10.

Wall Street Analyst Weigh In

SOC has been the topic of a number of analyst reports. Jefferies Financial Group reduced their target price on shares of Sable Offshore from $30.00 to $24.00 and set a "buy" rating on the stock in a research note on Wednesday, April 22nd. Wall Street Zen raised shares of Sable Offshore from a "strong sell" rating to a "sell" rating in a research note on Saturday, April 25th. Benchmark reaffirmed a "hold" rating on shares of Sable Offshore in a research note on Thursday, March 5th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Sable Offshore in a research note on Friday, April 24th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $18.00.

Insiders Place Their Bets

In other news, COO James Caldwell Flores sold 279,081 shares of the business's stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $16.69, for a total value of $4,657,861.89. Following the sale, the chief operating officer directly owned 442,794 shares of the company's stock, valued at approximately $7,390,231.86. The trade was a 38.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Gregory D. Patrinely sold 279,081 shares of the business's stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $16.69, for a total transaction of $4,657,861.89. Following the completion of the sale, the executive vice president directly owned 442,794 shares in the company, valued at $7,390,231.86. This trade represents a 38.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 837,243 shares of company stock valued at $13,973,586 over the last ninety days. Company insiders own 36.36% of the company's stock.

Institutional Investors Weigh In On Sable Offshore

A number of institutional investors and hedge funds have recently made changes to their positions in SOC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Sable Offshore by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,991 shares of the company's stock valued at $761,000 after acquiring an additional 1,271 shares during the period. NewEdge Advisors LLC raised its stake in shares of Sable Offshore by 36.2% in the 1st 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. JPMorgan Chase & Co. raised its stake in shares of Sable Offshore by 29.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 32,546 shares of the company's stock valued at $715,000 after acquiring an additional 7,438 shares during the period. New York State Common Retirement Fund raised its stake in shares of Sable Offshore by 25.3% in the 2nd quarter. New York State Common Retirement Fund now owns 22,300 shares of the company's stock valued at $490,000 after acquiring an additional 4,500 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of Sable Offshore in the 2nd quarter valued at approximately $654,000. 26.19% of the stock is owned by hedge funds and other institutional investors.

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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