Sable Offshore Corp (SOC) concluded trading on Wednesday at a closing price of $27.89, with 8.78 million shares of worth about $244.87 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 21.16% during that period and on Wednesday the price saw a loss of about -15.31%. Currently the company’s common shares owned by public are about 89.34M shares, out of which, 74.94M shares are available for trading.
Stock saw a price change of -14.87% in past 5 days and over the past one month there was a price change of 37.32%. Year-to-date (YTD), SOC shares are showing a performance of 21.79% which increased to 108.76% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $13.66 but also hit the highest price of $35.00 during that period. The average intraday trading volume for Sable Offshore Corp shares is 1.94 million. The stock is currently trading 5.98% above its 20-day simple moving average (SMA20), while that difference is up 17.98% for SMA50 and it goes to 21.98% higher than SMA200.
Sable Offshore Corp (NYSE: SOC) currently have 89.34M outstanding shares and institutions hold larger chunk of about 55.06% of that.
The stock has a current market capitalization of $2.74B and its 3Y-monthly beta is at 0.81. It has posted earnings per share of -$8.34 in the same period. It has Quick Ratio of 1.57 while making debt-to-equity ratio of 3.04. 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 8.71% while standing at 6.62% over the month. Stock’s fiscal year EPS is expected to rise by 96.80% while it is estimated to increase by 1429.13% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by ROTH MKM on March 27, 2025 offering a Buy rating for the stock and assigned a target price of $30 to it. On November 05, 2024, Johnson Rice Initiated their recommendations, while on October 08, 2024, BWS Financial Initiated their ratings for the stock with a price target of $6. Stock get a Buy rating from Jefferies on August 13, 2024.
