Sable Offshore Corp. (NYSE:SOC) traded at $22.10 at last check on current trade day and made an upward move of 31.24% on its previous day’s price.
Looking at the stock we see that its previous close was $16.84 and the beta (5Y monthly) reads 0.256 with the day’s price range being $20.09 – $22.18. In terms of its 52-week price range, SOC has a high of $17.30 and a low of $10.11. The company’s stock has gained about 44.92% over that past 30 days.
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Sable Offshore Corp. has a market cap of $1.43 billion and is expected to release its quarterly earnings report on 2024-Aug-13. Estimates by analysts give the company expected earnings per share (EPS) of -0.43, with the EPS growth for the year raised at -2.73 for current year and -2.73 for next year.
On the other hand, looking at the outlook for the SOC stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 100% Buy.
Based on estimates by 2 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Sable Offshore Corp. (SOC) stock as a Hold, while 2 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 46.53% off its SMA20 and 42.98% from its 50-day simple moving average. The RSI (14) is pointing at 84.70 while the volatility over the past week is 4.46% and jumps to 4.43% over the past one month. The beta value is 0.26, while the average true range (ATR) is currently pointing at 1.01. The average price target for the stock over the next 12 months is $120.5, with the estimates having a low of $19 and a high of $222. These price ends are 14.03% and -904.52% off the today’s price level respectively, although investors could be excited at the prospect of a -445.25% if the SOC share price touches on the median price of $120.5.
Coming back to Sable Offshore Corp. (NYSE:SOC), we note that the average 3-month trading volume was 539.47K, while that of the preceding 10-day period stands at 0.26 million. Current shares outstanding are 64.85 million.
The insiders hold 25.33% of the company’s shares while institutions hold 51.51%. The data shows that short shares as of 2024-08-15, stood at 3.19 million at a short ratio of 8.12. This represents a 1517.00 short interest in shares outstanding on 2024-08-15. Shares short fall in August from the previous month at 3.36 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 94.03% up in year-to-date price movement.
