In last trading session, Sable Offshore Corp (NYSE:SOC) saw 0.35 million shares changing hands with its beta currently measuring 0.33. Company’s recent per share price level of $23.11 trading at -$0.8 or -3.35% at ring of the bell on the day assigns it a market valuation of $2.06B. That closing price of SOC’s stock is at a discount of -24.06% from its 52-week high price of $28.67 and is indicating a premium of 56.25% from its 52-week low price of $10.11. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.18 million shares which gives us an average trading volume of 1.30 million if we extend that period to 3-months.
For Sable Offshore Corp (SOC), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.80. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.01 in the current quarter.
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Sable Offshore Corp (NYSE:SOC) trade information
Upright in the red during last session for losing -3.35%, in the last five days SOC remained trading in the green while hitting it’s week-highest on Monday, 11/25/24 when the stock touched $23.11 price level, adding 7.3% to its value on the day. Sable Offshore Corp’s shares saw a change of 102.90% in year-to-date performance and have moved 0.39% in past 5-day. Sable Offshore Corp (NYSE:SOC) showed a performance of 9.79% in past 30-days. Number of shares sold short was 5.67 million shares which calculate 4.62 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 127 to the stock, which implies a rise of 81.8% to its current value. Analysts have been projecting 32 as a low price target for the stock while placing it at a high target of 222. It follows that stock’s current price would drop -38.47% in reaching the projected high whereas dropping to the targeted low would mean a loss of -38.47% for stock’s current value.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 95.9M for the same. And 2 analysts are in estimates of company making revenue of 150.73M in the next quarter.
Sable Offshore Corp (NYSE:SOC)’s Major holders
PILGRIM GLOBAL ADVISORS LLC is the top institutional holder at SOC for having 8.0 million shares of worth $120.56 million. And as of 2024-06-30, it was holding 13.2965 of the company’s outstanding shares.
The second largest institutional holder is ADAGE CAPITAL PARTNERS GP, L.L.C., which was holding about 3.67 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.0955 of outstanding shares, having a total worth of $55.27 million.
On the other hand, iShares Russell 2000 ETF and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Aug 31, 2024 , the former fund manager was holding 1.31 shares of worth $30.86 million or 1.47% of the total outstanding shares. The later fund manager was in possession of 680.99 shares on Jun 30, 2024 , making its stake of worth around $15.99 million in the company or a holder of 0.76% of company’s stock.
