Boom Or Bust: What Does The Future Hold For Sable Offshore Corp (NYSE: SOC) Stock?

Sable Offshore Corp (NYSE:SOC)’s traded shares stood at 0.74 million during the last session, with the company’s beta value hitting 0.31. At the last check today, the stock’s price was $21.84, to imply a decrease of -2.89% or -$0.65 in intraday trading. The SOC share’s 52-week high remains $28.67, putting it -31.27% down since that peak but still an impressive 53.71% since price per share fell to its 52-week low of $10.11. The company has a valuation of $1.78B, with an average of 1.01 million shares in intraday trading volume over the past 10 days and average of 1.16 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Sable Offshore Corp (SOC), translating to a mean rating of 1.80. Of 2 analyst(s) looking at the stock, 0 analyst(s) give SOC a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.35.

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Sable Offshore Corp (NYSE:SOC) trade information

After registering a -2.89% downside in the latest session, Sable Offshore Corp (SOC) has traded red over the past five days. The 5-day price performance for the stock is -5.04%, and 9.75% over 30 days. With these gigs, the year-to-date price performance is 91.75%. Short interest in Sable Offshore Corp (NYSE:SOC) saw shorts transact 5.67 million shares and set a 4.62 days time to cover.

The extremes give us $32 and $222 for target low and target high price respectively. As such, SOC has been trading -916.48% off suggested target high and -46.52% from its likely low.

Revenue forecast for the current quarter as set by 2 analysts is 95.9M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 150.73M.

SOC Dividends

Sable Offshore Corp has its next earnings report out on 2024-Nov-14. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.