Head-To-Head Survey: Sable Offshore (SOC) and Its Competitors

Sable Offshore (NYSE:SOC) is one of 20 public companies in the “OIL – US INTEGRTD” industry, but how does it contrast to its competitors? We will compare Sable Offshore to related companies based on the strength of its profitability, institutional ownership, dividends, analyst recommendations, valuation, earnings and risk.

Insider and Institutional Ownership

26.2% of Sable Offshore shares are owned by institutional investors. Comparatively, 60.8% of shares of all “OIL – US INTEGRTD” companies are owned by institutional investors. 36.4% of Sable Offshore shares are owned by company insiders. Comparatively, 7.4% of shares of all “OIL – US INTEGRTD” companies are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.

Analyst Recommendations

This is a summary of current ratings and price targets for Sable Offshore and its competitors, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Sable Offshore	2	0	5	0	2.43
Sable Offshore Competitors	396	1803	1984	83	2.41

Sable Offshore currently has a consensus target price of $19.60, indicating a potential upside of 214.35%. As a group, “OIL – US INTEGRTD” companies have a potential upside of 11.11%. Given Sable Offshore’s stronger consensus rating and higher possible upside, equities analysts clearly believe Sable Offshore is more favorable than its competitors.

Risk & Volatility

Sable Offshore has a beta of 0.46, meaning that its stock price is 54% less volatile than the S&P 500. Comparatively, Sable Offshore’s competitors have a beta of 12.44, meaning that their average stock price is 1,144% more volatile than the S&P 500.

Earnings & Valuation

This table compares Sable Offshore and its competitors gross revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Sable Offshore	N/A	-$629.07 million	-1.84
Sable Offshore Competitors	$6.66 billion	$947.96 million	12.20

Sable Offshore’s competitors have higher revenue and earnings than Sable Offshore. Sable Offshore is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Profitability

This table compares Sable Offshore and its competitors’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Sable Offshore	N/A	-88.48%	-17.69%
Sable Offshore Competitors	21.64%	11.56%	6.12%

Summary

Sable Offshore competitors beat Sable Offshore on 9 of the 13 factors compared.

Sable Offshore Company Profile

Sable Offshore Corp. engages in the oil and gas exploration and development activities in the United States. The company operates through three platforms located in federal waters offshore California. It owns and operates 16 federal leases across approximately 76,000 acres and subsea pipelines, which transport crude oil, natural gas, and produced water from the platforms to the onshore processing facilities. 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.