Why Should Sable Offshore Corp (SOC) Be In Your Portfolio?

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Sable Offshore Corp (NYSE:SOC) has a beta value of 0.32 and has seen 1.11 million shares traded in the last trading session. The company, currently valued at $1.85B, closed the last trade at $22.64 per share which meant it lost -$0.22 on the day or -0.96% during that session. The SOC stock price is -26.63% off its 52-week high price of $28.67 and 55.34% above the 52-week low of $10.11. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.06 million shares traded. The 3-month trading volume is 1.08 million shares.

The consensus among analysts is that Sable Offshore Corp (SOC) is Buy stock at the moment, with a recommendation rating of 1.80. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.42.

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Sable Offshore Corp (NYSE:SOC) trade information

Sporting -0.96% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the SOC stock price touched $22.64 or saw a rise of 3.45%. Year-to-date, Sable Offshore Corp shares have moved 98.77%, while the 5-day performance has seen it change 5.30%. Over the past 30 days, the shares of Sable Offshore Corp (NYSE:SOC) have changed -0.04%. Short interest in the company has seen 6.28 million shares shorted with days to cover at 4.09.

Wall Street analysts have a consensus price target for the stock at $127, which means that the shares’ value could jump 82.17% from current levels. The projected low price target is $32.0 while the price target rests at a high of $222.0. In that case, then, we find that the current price level is -880.57% off the targeted high while a plunge would see the stock gain -41.34% from current levels.

Sable Offshore Corp (SOC) estimates and forecasts

The company’s shares have gained 112.18% over the past 6 months, compared to -3.70% for the industry.

2 have an estimated revenue figure of 109.4M for the next ending quarter.

SOC Dividends

Sable Offshore Corp is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.