Sable Offshore Corp (NYSE:SOC) shares traded 11.82% higher at $31.69 on Wall Street last session.
SOC stock price is now 26.42% away from the 50-day moving average and 34.55% away from the 200-day moving average. The market capitalization of the company currently stands at $3.11B.
With the price target of $30, ROTH MKM recently initiated with Buy rating for Sable Offshore Corp (NYSE: SOC). , while ‘Johnson Rice’ rates the stock as ‘Buy’
In other news, Pilgrim Global ICAV, 10% Owner sold 143,806 shares of the company’s stock on Apr 17 ’25. The stock was sold for $3,648,358 at an average price of $25.37. Upon completion of the transaction, the 10% Owner now directly owns 10,100,569 shares in the company, valued at $320.09 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 19 ’24, 10% Owner Pilgrim Global ICAV bought 750,000 shares of the business’s stock. A total of $15,000,000 was incurred on buying the stock at an average price of $20.00. This leaves the insider owning 8,791,001 shares of the company worth $278.59 million. A total of 23.61% of the company’s stock is owned by insiders.
During the past 12 months, Sable Offshore Corp has had a low of $13.66 and a high of $35.00. As of last week, the company has a debt-to-equity ratio of 3.04, a current ratio of 1.67, and a quick ratio of 1.57. The fifty day moving average price for SOC is $25.068 and a two-hundred day moving average price translates $23.55225 for the stock.
The latest earnings results from Sable Offshore Corp (NYSE: SOC) was released for 2025-03-31. The company reported revenue of $59.8 million for the quarter, compared to $170.8 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -64.99 percent.
