In the last trading session, 1.18 million shares of the Sable Offshore Corp (NYSE:SOC) were traded, and its beta was 0.52. Most recently the company’s share price was $19.32, and it changed around $0.77 or 4.15% from the last close, which brings the market valuation of the company to $1.73B. SOC currently trades at a discount to its 52-week high of $32.33, offering almost -67.34% off that amount. The share price’s 52-week low was $10.11, which indicates that the current value has risen by an impressive 47.67% since then. We note from Sable Offshore Corp’s average daily trading volume that its 10-day average is 2.38 million shares, with the 3-month average coming to 1.57 million.
Sable Offshore Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.57. If we narrow it down even further, the data shows that 1 out of 6 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended SOC as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Sable Offshore Corp is expected to report earnings per share of -0.43 for the current quarter.
Sable Offshore Corp (NYSE:SOC) trade information
Instantly SOC has showed a green trend with a performance of 4.15% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 20.43 on recent trading dayincreased the stock’s daily price by 5.43%. The company’s shares are currently down -15.63% year-to-date, but still up 6.10% over the last five days. On the other hand, Sable Offshore Corp (NYSE:SOC) is -22.28% down in the 30-day period. We can see from the shorts that 8.52 million shares have been sold at a short interest cover period of 6.68 day(s).
The consensus price target as assigned by Wall Street analysts is $30, which translates to bulls needing to increase their stock price by 35.6% from its current value. Analyst projections state that SOC is forecast to be at a low of $30 and a high of $30.
1 analysts expect Sable Offshore Corp to make 40.3M in revenue for the current ending quarter.
SOC Dividends
Sable Offshore Corp’s next quarterly earnings report is expected to be released on 2025-Mar-16.
Sable Offshore Corp (NYSE:SOC)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 24.38% of Sable Offshore Corp shares, and 59.73% of them are in the hands of institutional investors. The stock currently has a share float of 78.98%. Sable Offshore Corp stock is held by 229.0 institutions, with FMR LLC being the largest institutional investor. By 2024-06-30, it held 14.9999% of the shares, which is about 9.02 million shares worth $136.01 million.
PILGRIM GLOBAL ADVISORS LLC, with 13.2965% or 8.0 million shares worth $120.56 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
