Sable Offshore Corp. (SOC)

NYSE: SOC · Real-Time Price · USD
24.08
+1.06 (4.60%)
Nov 22, 2024, 4:00 PM EST - Market closed
4.60%
Market Cap 2.15B
Revenue (ttm) n/a
Net Income (ttm) -564.72M
Shares Out 89.10M
EPS (ttm) -11.55
PE Ratio n/a
Forward PE 22.13
Dividend n/a
Ex-Dividend Date n/a
Volume 911,650
Open 23.09
Previous Close 23.02
Day's Range 22.61 - 24.12
52-Week Range 10.11 - 28.67
Beta 0.32
Analysts Buy
Price Target 25.00 (+3.82%)
Earnings Date Nov 14, 2024

About SOC

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. The company was formerly known as Flame Acquisition Corp. and changed its name to Sable Offshore Corp. in February 2024. Sable Offshore Co... [Read more]

Sector Energy
Founded 2020
Employees 106
Stock Exchange NYSE
Ticker Symbol SOC
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for SOC stock is "Buy." The 12-month stock price forecast is $25.0, which is an increase of 3.82% from the latest price.

Price Target
$25.0
(3.82% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Sable Offshore Corp. Continues to Coordinate with California Coastal Commission on Maintenance and Repair Work in the Coastal Zone

SANTA BARBARA, Calif.--(BUSINESS WIRE)--Sable Offshore Corp. Continues to Coordinate with California Coastal Commission on Maintenance and Repair Work in the Coastal Zone.

8 days ago - Business Wire

Sable Offshore Corp. Reports Third Quarter 2024 Financial and Operational Results

HOUSTON--(BUSINESS WIRE)--Sable Offshore Corp. Reports Third Quarter 2024 Financial and Operational Results.

8 days ago - Business Wire

Sable Offshore Corp. Announces Completion of Redemption of Public Warrants

HOUSTON--(BUSINESS WIRE)--Sable Offshore Corp. Announces Completion of Redemption of Public Warrants.

16 days ago - Business Wire

Sable Offshore Corp. Provides Update on Pacific Pipeline Company Operations

HOUSTON--(BUSINESS WIRE)--Sable Offshore Corp. Provides Update on Pacific Pipeline Company Operations.

6 weeks ago - Business Wire

Sable Offshore Corp. Announces Redemption of Public Warrants

HOUSTON--(BUSINESS WIRE)--Sable Offshore Corp. Announces Redemption of Public Warrants.

7 weeks ago - Business Wire

Crude Oil Moves Higher; Sable Offshore Shares Slide

U.S. stocks traded mostly lower toward the end of trading, with the Nasdaq Composite falling around 0.5% on Friday.

2 months ago - Benzinga

Sable Offshore Corp. Announces $150 Million Private Placement of Shares and Update on Warrant Exercises

HOUSTON--(BUSINESS WIRE)--Sable Offshore Corp. Announces $150 Million Private Placement of Shares and Update on Warrant Exercises.

2 months ago - Business Wire

Sable Offshore Corp. Reports Second Quarter 2024 Financial and Operational Results

HOUSTON--(BUSINESS WIRE)--Sable Offshore Corp. Reports Second Quarter 2024 Financial Results and Provides Operational Updates.

3 months ago - Business Wire

.conf24: Splunk Advances Digital Resilience and AI Innovation at Upcoming Annual User Conference

SAN FRANCISCO--(BUSINESS WIRE)-- #splunknews--Splunk Inc., the cybersecurity and observability leader, today announced it will host its 15th annual user conference, .conf24, from June 11-14, 2024, at ...

6 months ago - Business Wire

Sable Offshore Corp. Reports First Quarter 2024 Financial Results and Provides Operational Updates

HOUSTON--(BUSINESS WIRE)--Sable Offshore Corp. Reports First Quarter 2024 Financial Results and Provides Operational Updates.

6 months ago - Business Wire

Top 2 Energy Stocks That Are Preparing To Pump In April - Cross Timbers Royalty (NYSE:CRT), Sable Offshore (NYSE:SOC)

The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.

Other symbols: CRT
8 months ago - Benzinga