Do You Still Have A Reason To Buy Sable Offshore Corp. (NYSE: SOC) After A 5.30% Jump In The Last Week?

During the recent session, Sable Offshore Corp. (NYSE:SOC)’s traded shares were 1.44 million, with the beta value of the company hitting 0.28. At the last check today, the stock’s price was $23.74, reflecting an intraday loss of -16.13% or -$4.56. The 52-week high for the SOC share is $28.67, that puts it down -20.77 from that peak though still a striking 57.41% gain since the share price plummeted to a 52-week low of $10.11. The company’s market capitalization is $1.54B, and the average intraday trading volume over the past 10 days was 0.83 million shares, and the average trade volume was 773.39K shares over the past three months.

Sable Offshore Corp. (SOC) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. SOC has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.43.

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Sable Offshore Corp. (NYSE:SOC) trade information

Sable Offshore Corp. (SOC) registered a -16.13% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -16.13% in intraday trading to $23.74, hitting a weekly high. The stock’s 5-day price performance is 5.30%, and it has moved by 57.29% in 30 days. Based on these gigs, the overall price performance for the year is 129.32%. The short interest in Sable Offshore Corp. (NYSE:SOC) is 3.01 million shares and it means that shorts have 8.77 day(s) to cover.

The consensus price target of analysts on Wall Street is $127, which implies an increase of 81.31% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $32 and $222 respectively. As a result, SOC is trading at a discount of -835.13% off the target high and -34.79% off the low.

Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 156.9M by the end of current fiscal year.

While earnings are projected to return -5.87% in 2024.

SOC Dividends

Sable Offshore Corp. is due to release its next quarterly earnings on 2024-Aug-13. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.