Currently, there are 89.34M common shares owned by the public and among those 74.94M shares have been available to trade.
The company’s stock has a 5-day price change of -27.00% and -5.54% over the past three months. SOC shares are trading 4.98% year to date (YTD), with the 12-month market performance up to 60.27% higher. It has a 12-month low price of $13.66 and touched a high of $35.00 over the same period. SOC has an average intraday trading volume of 2.09 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 -13.66%, 1.10%, and 3.98% respectively.
Institutional ownership of Sable Offshore Corp (NYSE: SOC) shares accounts for 55.06% of the company’s 89.34M shares outstanding.
It has a market capitalization of $2.36B and a beta (3y monthly) value of 0.68. 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 10.72% over the week and 7.91% over the month.
Earnings per share for the fiscal year are expected to increase by 96.64%, and 1337.21% 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.
