Currently, there are 89.34M common shares owned by the public and among those 68.30M shares have been available to trade.
The company’s stock has a 5-day price change of 24.98% and 5.46% over the past three months. SOC shares are trading 44.19% year to date (YTD), with the 12-month market performance up to 167.59% higher. It has a 12-month low price of $12.73 and touched a high of $32.33 over the same period. SOC has an average intraday trading volume of 1.62 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 45.94%, 45.38%, and 47.73% respectively.
Institutional ownership of Sable Offshore Corp (NYSE: SOC) shares accounts for 60.33% of the company’s 89.34M shares outstanding.
It has a market capitalization of $2.95B and a beta (3y monthly) value of 0.72. The earnings-per-share (ttm) stands at -$8.34. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.53% over the week and 6.28% over the month.
Earnings per share for the fiscal year are expected to increase by 98.30%, and 3272.13% over the next financial year.
Looking at the support for the SOC, a number of firms have released research notes about the stock. ROTH MKM stated their Buy rating for the stock in a research note on March 27, 2025, with the firm’s price target at $30. Johnson Rice was of a view on November 05, 2024 that the stock is Buy, while BWS Financial gave the stock Sell rating on October 08, 2024, issuing a price target of $6. Jefferies on their part issued Buy rating on August 13, 2024.
