Sable Offshore (SOC) Expected to Announce Earnings on Tuesday

Key Points

• Sable Offshore (NYSE:SOC) is set to release its Q2 2025 earnings on August 12th, with analysts predicting a loss of ($0.66) per share.
• In its previous earnings report, Sable Offshore reported a loss of ($1.05) per share, which was significantly lower than expected earnings of ($0.42) per share.
• Wall Street analysts maintain a consensus rating of "Moderate Buy" for Sable Offshore, with price targets ranging significantly from $6.00 to $47.00.

Sable Offshore (NYSE:SOC - Get Free Report) is expected to be releasing its Q2 2025 earnings data before the market opens on Tuesday, August 12th. Analysts expect the company to announce earnings of ($0.66) per share for the quarter.

Sable Offshore (NYSE:SOC - Get Free Report) last issued 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 business had revenue of $78.00 million during the quarter, compared to analyst estimates of $21.00 million. On average, analysts expect Sable Offshore to post $-6 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Sable Offshore Trading Down 0.8%

Shares of SOC opened at $30.19 on Thursday. The company's fifty day simple moving average is $25.16 and its 200-day simple moving average is $24.84. Sable Offshore has a twelve month low of $13.66 and a twelve month high of $35.00. The company has a debt-to-equity ratio of 3.04, a current ratio of 1.67 and a quick ratio of 1.57.

Insider Activity at Sable Offshore

In related news, major shareholder Global Icav Pilgrim sold 167,175 shares of the stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $21.98, for a total transaction of $3,674,506.50. Following the completion of the sale, the insider owned 9,933,394 shares of the company's stock, valued at $218,336,000.12. This represents a 1.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 36.36% of the stock is currently owned by company insiders.

Institutional Trading of Sable Offshore

A hedge fund recently raised its stake in Sable Offshore stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Sable Offshore Corp. (NYSE:SOC - Free Report) by 4.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,991 shares of the company's stock after purchasing an additional 1,271 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Sable Offshore were worth $761,000 at the end of the most recent reporting period. 26.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on SOC shares. BWS Financial reissued a "sell" rating and issued a $6.00 price objective on shares of Sable Offshore in a research report on Tuesday, May 13th. Benchmark upped their target price on Sable Offshore from $37.00 to $47.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Jefferies Financial Group restated a "buy" rating on shares of Sable Offshore in a research note on Monday, May 26th. Finally, Roth Capital set a $37.00 price objective on shares of Sable Offshore and gave the stock a "buy" rating in a research note on Friday, May 23rd. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $30.33.

Sable Offshore Company Profile

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.