In the last trading session, 8.77 million Sable Offshore Corp (NYSE:SOC) shares changed hands as the company’s beta touched 0.72. With the company’s per share price at $33.02 changed hands at $4.16 or 14.41% during last session, the market valuation stood at $2.95B. SOC’s last price was a premium, traded about 2.09% off its 52-week high of $32.33. The share price had its 52-week low at $12.73, which suggests the last value was 61.45% up since then.
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 green as seen at the end of in last trading. With action 24.98%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 44.19%, with the 5-day performance at 24.98% in the green. However, in the 30-day time frame, Sable Offshore Corp (NYSE:SOC) is 63.79% up.
The consensus price target for the stock as assigned by Wall Street analysts is 30, meaning bulls need a downside of -10.07% 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 9.15% surge from its current level, while the stock would need to tank 9.15% for it to hit the projected low.
Sable Offshore Corp (SOC) estimates and forecasts
The 2025 estimates are for Sable Offshore Corp earnings to increase by 98.30%.
Sable Offshore Corp (NYSE:SOC)’s Major holders
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 $63.2 million under it, the former controlled 2.14% of total outstanding shares. On the other hand, iShares Trust-iShares Russell 2000 ETF held about 1.49% of the shares, roughly 1.33 shares worth around $43.91 million.
