Analysts Set Sable Offshore Corp. (NYSE:SOC) Target Price at $15.33

Posted by on Jul 22nd, 2026

Shares of Sable Offshore Corp. (NYSE:SOC – Get Free Report) have earned a consensus rating of “Hold” from the six analysts that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $15.3333.

SOC has been the subject of several recent analyst reports. Wall Street Zen downgraded Sable Offshore from a “hold” rating to a “sell” rating in a research note on Saturday, June 6th. Jefferies Financial Group cut their price target on Sable Offshore from $24.00 to $11.00 and set a “buy” rating on the stock in a research note on Monday, July 6th. Roth Capital reduced their price target on Sable Offshore from $22.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, July 1st. Zacks Research lowered Sable Offshore from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 3rd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Sable Offshore in a report on Friday, April 24th.

Check Out Our Latest Report on SOC

Insider Transactions at Sable Offshore

In related news, insider Anthony Duenner sold 39,312 shares of the company’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $13.56, for a total value of $533,070.72. Following the sale, the insider directly owned 590,864 shares of the company’s stock, valued at $8,012,115.84. This represents a 6.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Gregory D. Patrinely sold 39,311 shares of the stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $13.56, for a total transaction of $533,057.16. Following the transaction, the executive vice president owned 562,740 shares in the company, valued at $7,630,754.40. This trade represents a 6.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 240,163 shares of company stock valued at $3,228,498. 20.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sable Offshore

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Tactive Advisors LLC raised its stake in shares of Sable Offshore by 94.1% in the 2nd quarter. Tactive Advisors LLC now owns 87,849 shares of the company’s stock valued at $271,000 after purchasing an additional 42,579 shares in the last quarter. Bank of America Corp DE grew its stake in Sable Offshore by 224.7% in the first quarter. Bank of America Corp DE now owns 1,295,085 shares of the company’s stock worth $21,395,000 after purchasing an additional 896,258 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Sable Offshore by 135.1% in the first quarter. Janus Henderson Group PLC now owns 56,200 shares of the company’s stock valued at $927,000 after buying an additional 32,300 shares during the last quarter. Sunbelt Securities Inc. increased its holdings in Sable Offshore by 7.5% in the first quarter. Sunbelt Securities Inc. now owns 72,000 shares of the company’s stock valued at $1,189,000 after buying an additional 5,000 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in Sable Offshore by 22.3% during the first quarter. Royal Bank of Canada now owns 4,917 shares of the company’s stock valued at $82,000 after buying an additional 895 shares in the last quarter. Institutional investors own 26.19% of the company’s stock.

Sable Offshore Trading Up 0.6%

Shares of SOC stock opened at $4.21 on Wednesday. The firm has a fifty day simple moving average of $9.56 and a 200-day simple moving average of $11.31. The company has a market capitalization of $650.63 million, a PE ratio of -0.99 and a beta of -0.08. Sable Offshore has a twelve month low of $2.88 and a twelve month high of $31.74.

Sable Offshore (NYSE:SOC – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($1.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.52) by ($0.85). The company had revenue of $1.27 million for the quarter, compared to analysts’ expectations of $16.10 million. Equities research analysts predict that Sable Offshore will post -0.36 EPS for the current year.

Sable Offshore Company Profile

(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.

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Analyst Recommendations for Sable Offshore (NYSE:SOC)

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