At the time of writing, Sable Offshore Corp [SOC] stock is trading at $20.16, up 2.80%. An important factor to consider is whether the stock is rising or falling in short-term value. The SOC shares have gain 15.66% over the last week, with a monthly amount drifted -22.31%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Sable Offshore Corp [NYSE: SOC] stock has seen the most recent analyst activity on March 27, 2025, when ROTH MKM initiated its Buy rating and assigned the stock a price target of $30. On November 05, 2024, Johnson Rice initiated with a Buy rating and assigned a price target of $30 on the stock. BWS Financial started tracking the stock assigning a Sell rating and suggested a price target of $6 on October 08, 2024. Jefferies initiated its recommendation with a Buy and recommended $19 as its price target on August 13, 2024. The Benchmark Company started tracking with a Buy rating for this stock on July 17, 2024, and assigned it a price target of $24. In a note dated February 26, 2024, TD Cowen initiated an Outperform rating and provided a target price of $20 on this stock.
For the past year, the stock price of Sable Offshore Corp fluctuated between $10.11 and $32.33. Currently, Wall Street analysts expect the stock to reach $30 within the next 12 months. Sable Offshore Corp [NYSE: SOC] shares were valued at $20.16 at the most recent close of the market. An investor can expect a potential return of 48.81% based on the average SOC price forecast.
Analyzing the SOC fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at -0.06, Equity is -0.4 and Total Capital is -0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.17.
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 19.08 points at the first support level, and at 18.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.94, and for the 2nd resistance point, it is at 21.72.
Ratios To Look Out For
It is important to note that Sable Offshore Corp [NYSE:SOC] has a current ratio of 2.94. On the other hand, the Quick Ratio is 2.82, and the Cash Ratio is 2.49.
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.
