In last trading session, Sable Offshore Corp (NYSE:SOC) saw 1.26 million shares changing hands with its beta currently measuring 0.45. Company’s recent per share price level of $24.41 trading at $1.36 or 5.90% at ring of the bell on the day assigns it a market valuation of $2.17B. That closing price of SOC’s stock is at a discount of -32.45% from its 52-week high price of $32.33 and is indicating a premium of 58.58% 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 1.66 million shares which gives us an average trading volume of 1.52 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 1.67. 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.
Sable Offshore Corp (NYSE:SOC) trade information
Upright in the green during last session for gaining 5.90%, in the last five days SOC remained trading in the green while hitting it’s week-highest on Wednesday, 03/12/25 when the stock touched $24.41 price level, adding 2.24% to its value on the day. Sable Offshore Corp’s shares saw a change of 6.59% in year-to-date performance and have moved 4.32% in past 5-day. Sable Offshore Corp (NYSE:SOC) showed a performance of 5.49% in past 30-days. Number of shares sold short was 8.17 million shares which calculate 5.32 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 80.78% 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 -31.09% in reaching the projected high whereas dropping to the targeted low would mean a loss of -31.09% 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
Insiders are in possession of 24.46% of company’s total shares while institution are holding 59.57 percent of that, with stock having share float percentage of 78.86%. Investors also watch the number of corporate investors in a company very closely, which is 59.57% institutions for Sable Offshore Corp that are currently holding shares of the company. FMR LLC is the top institutional holder at SOC for having 9.02 million shares of worth $136.01 million. And as of 2024-06-30, it was holding 14.9999 of the company’s outstanding shares.
The second largest institutional holder is PILGRIM GLOBAL ADVISORS LLC, which was holding about 8.0 million shares on 2024-06-30. The number of shares represents firm’s hold over 13.2965 of outstanding shares, having a total worth of $120.56 million.
On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Dec 31, 2024 , the former fund manager was holding 1.91 shares of worth $46.72 million or 2.15% of the total outstanding shares. The later fund manager was in possession of 1.35 shares on Dec 31, 2024 , making its stake of worth around $32.9 million in the company or a holder of 1.51% of company’s stock.
