Sable Offshore Corp (NYSE:SOC) price on current trading day, rose 18.96% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $19.76.
A look at the stock’s price movement, the close in the last trading session was $16.61, moving within a range at $16.26 and $20.4349. The beta value (5-Year monthly) was 0.389. Turning to its 52-week performance, $32.33 and $10.11 were the 52-week high and 52-week low respectively. Overall, SOC moved -14.27% over the past month.
Sable Offshore Corp’s market cap currently stands at around $1.77 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-16.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SOC is a 50% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend SOC as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SOC’s current price about -17.47% and -21.69% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 37.82, while 7-day volatility ratio is 19.26% and 8.52% in the 30-day chart. Further, Sable Offshore Corp (SOC) has a beta value of 0.71, and an average true range (ATR) of 2.19. Analysts have given the company’s stock an average 52-week price target of $30, forecast between a low of $30 and high of $30. Looking at the price targets, the low is -51.82% off current price level while to achieve the yearly target high, price needs to move -51.82%. Nonetheless, investors will most likely welcome a -51.82% jump to $30 which is the analysts’ median price.
If we refocus on Sable Offshore Corp (NYSE:SOC), historical trading data shows that trading volumes averaged 1.98 over the past 10 days and 1.49 million over the past 3 months. The company’s latest data on shares outstanding shows there are 89.31 million shares.
The 23.52% of Sable Offshore Corp’s shares are in the hands of company insiders while institutional holders own 55.79% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 8.31 million on 2025-03-14, giving us a short ratio of 5.49. The data shows that as of 2025-03-14 short interest in Sable Offshore Corp (SOC) stood at 1534.0000000000002 of shares outstanding, with shares short rising to 7.29 million registered in 2025-02-14. Current price change has pushed the stock -13.71% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SOC stock continues to rise going into the next quarter.
