Sable Offshore Corp. (NYSE:SOC) Receives $15.33 Average PT from Analysts

Shares of Sable Offshore Corp. (NYSE:SOC) have been given an average rating of “Hold” by the six brokerages that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $14.00.

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group reduced their price target on shares of Sable Offshore from $24.00 to $11.00 and set a “buy” rating for the company in a research report on Monday, July 6th. Roth Capital reaffirmed a “buy” rating and set a $11.00 price objective on shares of Sable Offshore in a report on Tuesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sable Offshore in a research report on Tuesday, July 21st. Zacks Research downgraded Sable Offshore from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 3rd. Finally, Wall Street Zen cut Sable Offshore from a “hold” rating to a “sell” rating in a research report on Saturday, June 6th.

Sable Offshore News Roundup

Here are the key news stories impacting Sable Offshore this week:

• Positive Sentiment: Sable reported $137.1 million in second-quarter revenue, $9.4 million in positive operating cash flow, and average net sales of approximately 21,000 barrels of oil per day. Production increased to about 40,000 net barrels per day exiting the quarter, with July and early-August sales averaging roughly 38,000 and 42,000 gross barrels per day, respectively. Sable Offshore Reports $137.1 Million in Q2 Revenue
• Positive Sentiment: The company reduced its second-half 2026 midpoint capital-expenditure guidance by 41% to $85 million, which could preserve cash and reduce funding needs. Sable also completed refinancing transactions involving a $675 million senior secured term loan and $345 million of convertible notes. Sable Offshore Reports Second Quarter 2026 Financial and Operational Results
• Neutral Sentiment: Sable scheduled a conference call to discuss its second-quarter results, where investors may seek additional details on production growth, financing costs, operations and the reduced capital-spending outlook. Sable Offshore Announces Earnings Conference Call
• Negative Sentiment: Second-quarter adjusted earnings were $0.05 per share, below the Zacks consensus estimate of $0.21 and the other reported consensus estimate of $0.37. Revenue of $137.1 million also missed the $237.7 million consensus estimate by a wide margin, raising concerns about near-term earnings power. Sable Offshore Q2 Earnings and Revenues Lag Estimates
• Negative Sentiment: Insiders reported 11 open-market sales and no purchases over the past six months, including significant sales by senior executives. This selling may reinforce cautious sentiment toward the stock.

Institutional Investors Weigh In On Sable Offshore

Several large investors have recently modified their holdings of SOC. NewEdge Advisors LLC lifted its stake in shares of Sable Offshore by 36.2% in the 1st quarter. NewEdge Advisors LLC now owns 2,448 shares of the company’s stock worth $62,000 after acquiring an additional 650 shares during the period. Royal Bank of Canada raised its holdings in Sable Offshore by 22.3% during the first quarter. Royal Bank of Canada now owns 4,917 shares of the company’s stock worth $82,000 after purchasing an additional 895 shares in the last quarter. KBC Group NV raised its holdings in Sable Offshore by 48.7% during the first quarter. KBC Group NV now owns 3,132 shares of the company’s stock worth $52,000 after purchasing an additional 1,026 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Sable Offshore by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,991 shares of the company’s stock valued at $761,000 after purchasing an additional 1,271 shares during the period. Finally, Fifth Third Bancorp acquired a new stake in Sable Offshore in the first quarter valued at about $29,000. 26.19% of the stock is owned by institutional investors and hedge funds.

Sable Offshore Stock Down 8.8%

Shares of SOC opened at $4.64 on Friday. The company has a market capitalization of $716.54 million, a price-to-earnings ratio of -1.41 and a beta of -0.15. Sable Offshore has a 52-week low of $2.88 and a 52-week high of $29.81. The stock has a 50 day moving average price of $6.67 and a 200 day moving average price of $10.68.

Sable Offshore (NYSE:SOC) last issued its quarterly earnings data on Monday, August 10th. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.79). The firm had revenue of $137.13 million for the quarter, compared to analyst estimates of $237.65 million. On average, equities analysts anticipate that Sable Offshore will post -0.36 EPS for the current fiscal year.

About Sable Offshore

Sable Offshore (NYSE:SOC) is an independent upstream oil and natural gas company specializing in offshore hydrocarbon exploration and production. The company identifies and secures exploration and development rights, conducts detailed seismic interpretation, and advances offshore prospects through appraisal and development phases. Its focus on the offshore environment drives investments in specialized drilling techniques, subsea infrastructure and production facility design.

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.