Sable Offshore Corp (SOC) concluded trading on Thursday at a closing price of $30.63, with 6.78 million shares of worth about $207.59 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 109.79% during that period and on February 13, 2025 the price saw a gain of about 25.17%. Currently the company’s common shares owned by public are about 78.79M shares, out of which, 57.85M shares are available for trading.
Stock saw a price change of 35.59% in past 5 days and over the past one month there was a price change of 34.11%. Year-to-date (YTD), SOC shares are showing a performance of 33.76% which increased to 175.95% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $10.11 but also hit the highest price of $29.80 during that period. The average intraday trading volume for Sable Offshore Corp shares is 1.33 million. The stock is currently trading 20.66% above its 20-day simple moving average (SMA20), while that difference is up 30.89% for SMA50 and it goes to 59.16% higher than SMA200.
Sable Offshore Corp (NYSE: SOC) currently have 78.79M outstanding shares and institutions hold larger chunk of about 50.95% of that.
The stock has a current market capitalization of $2.73B and its 3Y-monthly beta is at 0.35. It has posted earnings per share of -$14.05 in the same period. It has Quick Ratio of 3.34 while making debt-to-equity ratio of 4.86. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SOC, volatility over the week remained 7.50% while standing at 6.72% over the month.
Stock’s fiscal year EPS is expected to drop by -178.28% while it is estimated to increase by 120.87% in next year.
Coverage by Johnson Rice stated Sable Offshore Corp (SOC) stock as a Buy in their note to investors on November 05, 2024, suggesting a price target of $30 for the stock. On October 08, 2024, BWS Financial Initiated their recommendations, while on August 13, 2024, Jefferies Initiated their ratings for the stock with a price target of $19. Stock get a Buy rating from The Benchmark Company on July 17, 2024.
