In the last trading session, 3.87 million Sable Offshore Corp (NYSE:SOC) shares changed hands as the company’s beta touched 0.63. With the company’s per share price at $16.61 changed hands at -$1.6 or -8.79% during last session, the market valuation stood at $1.49B. SOC’s last price was a discount, traded about -94.64% off its 52-week high of $32.33. The share price had its 52-week low at $10.11, which suggests the last value was 39.13% up since then. When we look at Sable Offshore Corp’s average trading volume, we note the 10-day average is 1.67 million shares, with the 3-month average coming to 1.44 million.
Analysts gave the Sable Offshore Corp (SOC) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.57. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended SOC as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight.
Sable Offshore Corp (NYSE:SOC) trade information
Instantly SOC was in red as seen at the end of in last trading. With action -35.14%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -27.47%, with the 5-day performance at -35.14% in the red. However, in the 30-day time frame, Sable Offshore Corp (NYSE:SOC) is -26.60% down. Looking at the short shares, we see there were 8.31 million shares sold at short interest cover period of 5.49 days.
The consensus price target for the stock as assigned by Wall Street analysts is 30, meaning bulls need an upside of 44.63% from its current market value. According to analyst projections, SOC’s forecast low is 30 with 30 as the target high. To hit the forecast high, the stock’s price needs a -80.61% plunge from its current level, while the stock would need to soar -80.61% for it to hit the projected low.
The 2025 estimates are for Sable Offshore Corp earnings to increase by 106.64%.
SOC Dividends
Sable Offshore Corp is expected to release its next quarterly earnings report on 2025-Mar-16.
Sable Offshore Corp (NYSE:SOC)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 24.38% of Sable Offshore Corp shares while 59.42% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 78.58%. There are 59.42% institutions holding the Sable Offshore Corp stock share, with FMR LLC the top institutional holder. As of 2024-06-30, the company held 14.9999% of the shares, roughly 9.02 million SOC shares worth $136.01 million.
PILGRIM GLOBAL ADVISORS LLC holds the second largest percentage of outstanding shares, with 13.2965% or 8.0 million shares worth $120.56 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF . With 1.91 shares estimated at $31.79 million under it, the former controlled 2.14% of total outstanding shares. On the other hand, iShares Trust-iShares Russell 2000 ETF held about 1.45% of the shares, roughly 1.3 shares worth around $21.6 million.
