Sable Offshore (NYSE:SOC - Get Free Report) is expected to release its Q1 2025 earnings data on Tuesday, May 13th. Analysts expect Sable Offshore to post earnings of ($0.43) per share for the quarter.
Sable Offshore Trading Up 1.2 %
Shares of SOC opened at $20.03 on Tuesday. The firm's 50 day moving average price is $22.27 and its two-hundred day moving average price is $23.17. Sable Offshore has a twelve month low of $10.40 and a twelve month high of $32.33. The company has a quick ratio of 3.34, a current ratio of 3.50 and a debt-to-equity ratio of 4.86.
Insider Activity at Sable Offshore
In related news, major shareholder Global Icav Pilgrim sold 143,806 shares of the firm's stock in a transaction dated Thursday, April 17th. The stock was sold at an average price of $25.37, for a total transaction of $3,648,358.22. Following the sale, the insider now 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 14.30% of the stock is currently owned by company insiders.
Analyst Ratings Changes
SOC has been the topic of a number of research analyst reports. Roth Mkm started coverage on shares of Sable Offshore in a research report on Thursday, March 27th. They set a "buy" rating and a $30.00 price target on the stock. Benchmark reissued a "buy" rating on shares of Sable Offshore in a research note on Tuesday, March 18th. Roth Capital set a $30.00 target price on Sable Offshore in a research note on Thursday, March 27th. Finally, BWS Financial reissued a "sell" rating and set a $6.00 price objective on shares of Sable Offshore in a report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.50.
View Our Latest Report on Sable Offshore
About Sable Offshore
(
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.
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