Sable Offshore (NYSE:SOC) Trading Up 8.1% – Should You Buy?

Posted by Brenda Bartman on May 15th, 2026

Shares of Sable Offshore Corp. (NYSE:SOC – Get Free Report) shot up 8.1% during trading on Friday . The stock traded as high as $14.76 and last traded at $14.86. 1,622,465 shares were traded during trading, a decline of 72% from the average session volume of 5,881,662 shares. The stock had previously closed at $13.75.

Wall Street Analyst Weigh In

Several analysts recently weighed in on SOC shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Sable Offshore in a report on Friday, April 24th. Jefferies Financial Group reduced their target price on Sable Offshore from $30.00 to $24.00 and set a “buy” rating on the stock in a report on Wednesday, April 22nd. Wall Street Zen upgraded Sable Offshore from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 25th. Finally, Benchmark reissued a “hold” rating on shares of Sable Offshore in a research report on Thursday, March 5th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $22.00.

Read Our Latest Report on SOC

Sable Offshore Trading Up 8.9%

The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of -3.48 and a beta of -0.22. The business has a 50-day moving average price of $14.71 and a two-hundred day moving average price of $10.41.

Sable Offshore (NYSE:SOC – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($1.37) EPS for the quarter, missing analysts’ consensus estimates of ($0.52) by ($0.85). The company had revenue of $1.27 million during the quarter, compared to analysts’ expectations of $16.10 million. On average, equities research analysts predict that Sable Offshore Corp. will post 0.86 earnings per share for the current fiscal year.

Insider Transactions at Sable Offshore

In other Sable Offshore news, EVP Gregory D. Patrinely sold 279,081 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 442,794 shares of the company’s stock, valued at $7,390,231.86. The trade was a 38.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO James Caldwell Flores sold 279,081 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief operating officer owned 442,794 shares in the company, valued at $7,390,231.86. The trade was a 38.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 1,077,406 shares of company stock worth $17,202,083. Insiders own 36.36% of the company’s stock.

Institutional Trading of Sable Offshore

Large investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp bought a new stake in Sable Offshore during the 1st quarter valued at $29,000. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Sable Offshore during the fourth quarter valued at $37,000. Aster Capital Management DIFC Ltd raised its stake in shares of Sable Offshore by 263.2% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 5,230 shares of the company’s stock valued at $47,000 after purchasing an additional 3,790 shares in the last quarter. KBC Group NV lifted its holdings in Sable Offshore by 48.7% in 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 during the period. Finally, NewEdge Advisors LLC lifted its holdings in Sable Offshore by 36.2% in the first quarter. NewEdge Advisors LLC now owns 2,448 shares of the company’s stock worth $62,000 after purchasing an additional 650 shares during the period. 26.19% of the stock is currently owned by institutional investors and hedge funds.

About Sable Offshore

(Get Free Report)

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.