During the recent session, Sable Offshore Corp (NYSE:SOC)’s traded shares were 0.53 million, with the beta value of the company hitting 0.39. At the last check today, the stock’s price was $28.79, reflecting an intraday gain of 1.92% or $0.54. The 52-week high for the SOC share is $29.80, that puts it down -3.51 from that peak though still a striking 64.88% gain since the share price plummeted to a 52-week low of $10.11. The company’s market capitalization is $2.57B, and the average intraday trading volume over the past 10 days was 1.19 million shares, and the average trade volume was 1.28 million 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 1.80. 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.
Sable Offshore Corp (NYSE:SOC) trade information
Sable Offshore Corp (SOC) registered a 1.92% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.92% in intraday trading to $28.79, hitting a weekly high. The stock’s 5-day price performance is 17.76%, and it has moved by 29.34% in 30 days. Based on these gigs, the overall price performance for the year is 137.55%. The short interest in Sable Offshore Corp (NYSE:SOC) is 5.67 million shares and it means that shorts have 4.62 day(s) to cover.
The consensus price target of analysts on Wall Street is $32, which implies an increase of 10.03% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $32 and $32 respectively. As a result, SOC is trading at a discount of -11.15% off the target high and -11.15% off the low.
SOC Dividends
Sable Offshore Corp is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Sable Offshore Corp (NYSE:SOC)’s Major holders
The next largest institutional holding, with 8.0 million shares, is of PILGRIM GLOBAL ADVISORS LLC’s that is approximately 13.2965% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $120.56 million.
Also, the Mutual Funds coming in first place with the largest holdings of Sable Offshore Corp (SOC) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 1.67 shares. This amounts to just over 1.87 percent of the company’s overall shares, with a $47.64 million market value. The same data shows that the other fund manager holds slightly less at 1.3, or about 1.46% of the stock, which is worth about $37.17 million.
