Sable Offshore (NYSE: SOC) recently received a number of ratings updates from brokerages and research firms:
- 6/6/2026 – Sable Offshore was downgraded by Wall Street Zen from “hold” to “sell”.
- 6/3/2026 – Sable Offshore was downgraded by Zacks Research from “hold” to “strong sell”.
- 6/2/2026 – Sable Offshore had its “hold” rating reaffirmed by Benchmark Co..
- 6/1/2026 – Sable Offshore was given a new $22.00 price target by Roth Mkm.
- 5/23/2026 – Sable Offshore was upgraded by Wall Street Zen from “sell” to “hold”.
- 4/25/2026 – Sable Offshore was upgraded by Wall Street Zen from “strong sell” to “sell”.
- 4/24/2026 – Sable Offshore had its “sell (d-)” rating reaffirmed by Weiss Ratings.
- 4/22/2026 – Sable Offshore had its price target lowered by Jefferies Financial Group Inc. from $30.00 to $24.00. They now have a “buy” rating on the stock.
Insiders Place Their Bets
In other news, insider Anthony Duenner sold 279,081 shares of the firm’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $16.69, for a total transaction of $4,657,861.89. Following the sale, the insider directly owned 470,919 shares in the company, valued at $7,859,638.11. This trade represents a 37.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Gregory D. Patrinely sold 279,081 shares of the firm’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $16.69, for a total transaction of $4,657,861.89. Following the sale, the executive vice president owned 442,794 shares in the company, valued at $7,390,231.86. The trade was a 38.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 1,077,406 shares of company stock worth $17,202,083. Company insiders own 36.36% of the company’s stock.
Core business activities include offshore seismic surveys, the drilling of exploration and appraisal wells, installation and operation of production platforms or subsea systems, and well intervention services.
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