Sable Offshore (SOC) Expected to Announce Quarterly Earnings on Thursday

Sable Offshore (NYSE:SOCGet Free Report) is expected to post its quarterly earnings results before the market opens on Thursday, February 13th. Analysts expect Sable Offshore to post earnings of ($0.22) per share for the quarter.

Sable Offshore Price Performance

Shares of NYSE SOC opened at $22.99 on Thursday. The stock’s fifty day simple moving average is $23.26 and its 200 day simple moving average is $21.23. The company has a debt-to-equity ratio of 4.86, a quick ratio of 3.34 and a current ratio of 3.50. Sable Offshore has a 52-week low of $10.11 and a 52-week high of $29.80.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on SOC shares. BWS Financial reissued a “sell” rating and issued a $6.00 price target on shares of Sable Offshore in a research note on Wednesday, November 27th. Johnson Rice assumed coverage on shares of Sable Offshore in a research report on Tuesday, November 5th. They issued a “buy” rating and a $30.00 target price on the stock. Finally, Pickering Energy Partners started coverage on shares of Sable Offshore in a research report on Tuesday, December 17th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Sable Offshore currently has an average rating of “Moderate Buy” and a consensus price target of $25.00.

View Our Latest Stock Report on Sable Offshore

Sable Offshore Company Profile

(Get Free Report)

Sable Offshore Corp. engages in the oil and gas exploration and development activities in the United States. The company operates through three platforms located in federal waters offshore California. It owns and operates 16 federal leases across approximately 76,000 acres and subsea pipelines, which transport crude oil, natural gas, and produced water from the platforms to the onshore processing facilities.

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