Streetbeat News

SOC

Sable Offshore Corp.

https://www.sableoffshore.com

Industry

Oil & Gas Drilling

Sable Offshore Corp. engages in the oil and gas exploration and development activities in the United States. It operates through three platforms located offshore California and an onshore processing facility comprised of 16 federal leases across approximately 76,000 acres. The company was formerly known as Flame Acquisition Corp. and changed its name to Sable Offshore Corp. in February 2024. Sable Offshore Corp. was incorporated in 2020 and is based in Houston, Texas.

Open

23.09

Mkt cap

2.1B

Volume

912K

High

24.12

P/E Ratio

-8.25

52-wk high

28.67

Low

22.61

Div yield

N/A

52-wk low

10.11

Railtown AI Technologies Inc. has achieved SOC 2 Type II compliance certification, highlighting its commitment to data security and privacy. This certification follows an independent audit confirming adherence to AICPA standards.

Portfolio Pulse from

November 22, 2024 | 12:45 pm

DMG Blockchain Solutions has achieved SOC 2 Type II compliance, enhancing its security and regulatory compliance credentials. The company also purchased its first tranche of hydro miners.

Portfolio Pulse from

November 11, 2024 | 2:00 pm

BWS Financial has initiated coverage on Sable Offshore (NYSE:SOC) with a Sell rating and set a price target of $6.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 6:04 pm

Benchmark analyst Subash Chandra has reiterated a Buy rating on Sable Offshore (NYSE:SOC) and maintained a price target of $37.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 1:29 pm

Benchmark analyst Subash Chandra maintains a Buy rating on Sable Offshore (NYSE:SOC) and raises the price target from $24 to $37.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 12:02 pm

Sable Offshore Corp (NYSE:SOC) shares dropped by 21.3% to $22.26 after announcing a $150 million private placement of 7.50 million shares. The funds will be used for capital expenditures and general corporate purposes. The placement is expected to close on September 23, with TD Cowen, Jefferies, and Intrepid Partners handling the process.

Portfolio Pulse from Henry Khederian

September 20, 2024 | 7:22 pm

U.S. stocks mostly declined with the Nasdaq Composite falling 0.5%. Notable stock movements included Banzai International's 87% rise, Battalion Oil's 122% surge, and Constellation Energy's 19% gain. Sable Offshore and FedEx saw significant declines. Crude oil prices increased by 0.6%.

Portfolio Pulse from Avi Kapoor

September 20, 2024 | 6:17 pm

U.S. stocks showed mixed performance with notable movements in specific companies. Battalion Oil surged 120% after amending its merger agreement with Fury Resources. Lennar Corporation reported strong Q3 results. FedEx fell 15% due to weak Q1 results and lowered guidance.

Portfolio Pulse from Avi Kapoor

September 20, 2024 | 4:39 pm

Sable Offshore shares are trading lower following the announcement of a $150 million private placement of 7.50 million shares.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2024 | 12:21 pm

Sable Offshore has entered into agreements to issue 7.50 million shares of its common stock in a private placement to institutional investors, expecting to raise approximately $150 million in gross proceeds.

Portfolio Pulse from Nabaparna Bhattacharya

September 20, 2024 | 11:03 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.