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.

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Sable Offshore (NYSE:SOC) reported a Q2 EPS of $(2.75), significantly missing the analyst consensus estimate of $(0.39) by 605.13%.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 8:52 pm

Jefferies analyst Lloyd Byrne has initiated coverage on Sable Offshore (NYSE:SOC) with a Buy rating and set a price target of $19.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 10:38 am

Benchmark analyst Subash Chandra has reiterated a Buy rating on Sable Offshore (NYSE:SOC) and maintained a $24 price target.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 3:55 pm

Benchmark analyst Subash Chandra has initiated coverage on Sable Offshore (NYSE:SOC) with a Buy rating and set a price target of $24.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 1:36 pm

Sable Offshore shares are trading higher following the release of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 4:19 pm

Sable Offshore (NYSE:SOC) reported a quarterly loss of $(2.99) per share for Q1 2024.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 9:06 pm

Two energy stocks, Sable Offshore Corp. (SOC) and Cross Timbers Royalty Trust (CRT), are highlighted as oversold according to their RSI values, indicating a potential buying opportunity. SOC's stock fell about 10% over the past month, with an RSI of 29.40, while CRT announced a cash distribution and saw a 24% decline in its stock, with an RSI of 28.10.

Portfolio Pulse from Avi Kapoor

April 01, 2024 | 11:16 am

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