BWS Financial Comments on Sable Offshore FY2025 Earnings

Sable Offshore Corp. (NYSE:SOC) – Investment analysts at BWS Financial issued their FY2025 earnings per share (EPS) estimates for shares of Sable Offshore in a report released on Tuesday, March 18th. BWS Financial analyst H. Khorsand anticipates that the company will post earnings per share of $1.52 for the year. BWS Financial has a “Sell” rating and a $6.00 price objective on the stock. The consensus estimate for Sable Offshore’s current full-year earnings is ($6.39) per share.

A number of other research analysts also recently issued reports on the company. Pickering Energy Partners assumed coverage on Sable Offshore in a report on Tuesday, December 17th. They issued an “outperform” rating for the company. Benchmark reaffirmed a “buy” rating on shares of Sable Offshore in a report on Tuesday. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat, Sable Offshore presently has an average rating of “Moderate Buy” and an average target price of $26.25.

Sable Offshore Trading Down 0.0 %

Shares of SOC stock opened at $25.95 on Thursday. Sable Offshore has a 52-week low of $10.11 and a 52-week high of $32.33. The business has a 50-day simple moving average of $25.84 and a 200-day simple moving average of $23.52. The company has a debt-to-equity ratio of 4.86, a current ratio of 3.50 and a quick ratio of 3.34.

Hedge Funds Weigh In On Sable Offshore

Hedge funds have recently bought and sold shares of the business. Himalaya Capital Management LLC purchased a new stake in shares of Sable Offshore in the third quarter valued at approximately $31,735,000. Encompass Capital Advisors LLC increased its holdings in Sable Offshore by 128.9% in the 4th quarter. Encompass Capital Advisors LLC now owns 1,400,000 shares of the company’s stock worth $32,060,000 after acquiring an additional 788,495 shares in the last quarter. State Street Corp increased its holdings in Sable Offshore by 74.3% in the 3rd quarter. State Street Corp now owns 1,589,395 shares of the company’s stock worth $37,557,000 after acquiring an additional 677,426 shares in the last quarter. Vanguard Group Inc. raised its position in Sable Offshore by 23.6% during the fourth quarter. Vanguard Group Inc. now owns 3,486,126 shares of the company’s stock worth $79,832,000 after acquiring an additional 665,407 shares during the period. Finally, GM Advisory Group LLC lifted its holdings in Sable Offshore by 370.3% during the third quarter. GM Advisory Group LLC now owns 510,000 shares of the company’s stock valued at $12,051,000 after purchasing an additional 401,559 shares in the last quarter. Hedge funds and other institutional investors own 26.19% of the company’s stock.

About Sable Offshore

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.