Sable Offshore Corp [SOC] stock is trading at $22.12, down -1.07%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SOC shares have gain 6.91% over the last week, with a monthly amount drifted -12.88%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Sable Offshore Corp [NYSE: SOC] stock has seen the most recent analyst activity on October 08, 2024, when BWS Financial initiated its Sell rating and assigned the stock a price target of $6. Previously, Jefferies started tracking the stock with Buy rating on August 13, 2024, and set its price target to $19. On July 17, 2024, The Benchmark Company initiated with a Buy rating and assigned a price target of $24 on the stock. TD Cowen started tracking the stock assigning a Outperform rating and suggested a price target of $20 on February 26, 2024.
Sable Offshore Corp [SOC] stock has fluctuated between $10.11 and $28.67 over the past year. Currently, Wall Street analysts expect the stock to reach $127 within the next 12 months. Sable Offshore Corp [NYSE: SOC] shares were valued at $22.12 at the most recent close of the market. An investor can expect a potential return of 474.14% based on the average SOC price forecast.
Analyzing the SOC fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at -0.32, Equity is -3.68 and Total Capital is -0.2. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 6.48.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 21.73 points at the first support level, and at 21.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.56, and for the 2nd resistance point, it is at 22.99.
Ratios To Look Out For
For context, Sable Offshore Corp’s Current Ratio is 2.73. As well, the Quick Ratio is 2.46, while the Cash Ratio is 2.4.
Transactions by insiders
Recent insider trading involved Pilgrim Global ICAV, 10% Owner, that happened on Sep 19 ’24 when 0.75 million shares were purchased. 10% Owner, Pilgrim Global ICAV completed a deal on Aug 27 ’24 to buy 41000.0 shares. Meanwhile, Director Pipkin Gregory Phillip sold 82238.0 shares on Jun 05 ’24.
