Sable Offshore Corp (NYSE:SOC) has a beta value of 0.31 and has seen 1.01 million shares traded in the last trading session. The company, currently valued at $2.24B, closed the last trade at $24.08 per share which meant it gained $1.06 on the day or 4.60% during that session. The SOC stock price is -19.06% off its 52-week high price of $28.67 and 58.01% 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 1.2 million shares traded. The 3-month trading volume is 1.26 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 0.01.
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Sable Offshore Corp (NYSE:SOC) trade information
Sporting 4.60% in the green 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 $24.08 or saw a rise of 0.17%. Year-to-date, Sable Offshore Corp shares have moved 111.41%, while the 5-day performance has seen it change 16.61%. Over the past 30 days, the shares of Sable Offshore Corp (NYSE:SOC) have changed 16.95%. Short interest in the company has seen 5.67 million shares shorted with days to cover at 4.62.
Wall Street analysts have a consensus price target for the stock at $127, which means that the shares’ value could jump 81.04% 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 -821.93% off the targeted high while a plunge would see the stock gain -32.89% from current levels.
Sable Offshore Corp (SOC) estimates and forecasts
The company’s shares have gained 64.59% over the past 6 months, compared to -6.30% for the industry.
2 analysts offering their estimates for the company have set an average revenue estimate of 95.9M for the current quarter. 2 have an estimated revenue figure of 150.73M 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.
Sable Offshore Corp (NYSE:SOC)’s Major holders
The top two institutional holders are PILGRIM GLOBAL ADVISORS LLC with over 8.0 million shares worth more than $120.56 million. As of 2024-06-30, PILGRIM GLOBAL ADVISORS LLC held 13.2965% of shares outstanding.
The other major institutional holder is ADAGE CAPITAL PARTNERS GP, L.L.C., with the holding of over 3.67 million shares as of 2024-06-30. The firm’s total holdings are worth over $55.27 million and represent 6.0955% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Russell 2000 ETF and Vanguard Extended Market Index Fund . As of Sep 30, 2024 , the former fund manager holds about 1.46% shares in the company for having 1.3 shares of worth $31.28 million while later fund manager owns 680.99 shares of worth $16.4 million as of Jun 30, 2024 , which makes it owner of about 0.76% of company’s outstanding stock.
