During the last session, Sable Offshore Corp (NYSE:SOC)’s traded shares were 0.56 million, with the beta value of the company hitting 0.36. At the end of the trading day, the stock’s price was $25.91, reflecting an intraday loss of -0.84% or -$0.22. The 52-week high for the SOC share is $32.33, that puts it down -24.78 from that peak though still a striking 60.98% gain since the share price plummeted to a 52-week low of $10.11. The company’s market capitalization is $2.32B, and the average intraday trading volume over the past 10 days was 0.96 million shares, and the average trade volume was 1.39 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 1.57. 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. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.43.
Sable Offshore Corp (NYSE:SOC) trade information
Sable Offshore Corp (SOC) registered a -0.84% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.84% in intraday trading to $25.91, hitting a weekly high. The stock’s 5-day price performance is 3.14%, and it has moved by -6.70% in 30 days. Based on these gigs, the overall price performance for the year is 132.38%. The short interest in Sable Offshore Corp (NYSE:SOC) is 8.31 million shares and it means that shorts have 5.49 day(s) to cover.
The consensus price target of analysts on Wall Street is $127, which implies an increase of 79.6% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $32 and $222 respectively. As a result, SOC is trading at a discount of -756.81% off the target high and -23.5% off the low.
Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 40.3M by the end of current fiscal year.
While earnings are projected to return 107.03% in 2025.
SOC Dividends
Sable Offshore Corp is due to release its next quarterly earnings on 2025-Mar-16. 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
Sable Offshore Corp insiders own 24.38% of total outstanding shares while institutional holders control 59.42%, with the float percentage being 78.58%. FMR LLC is the largest shareholder of the company, while 225.0 institutions own stock in it. As of 2024-06-30, the company held over 9.02 million shares (or 14.9999% of all shares), a total value of $136.01 million in shares.
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 INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF . Data provided on Dec 31, 2024 indicates that VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund owns about 1.91 shares. This amounts to just over 2.14 percent of the company’s overall shares, with a $49.59 million market value. The same data shows that the other fund manager holds slightly less at 1.3, or about 1.45% of the stock, which is worth about $33.7 million.
