Sable Offshore (NYSE:SOC) Stock Price Down 5.4% – Here’s What Happened

Posted by Francis Steltz on Oct 20th, 2026

Shares of Sable Offshore Corp. (NYSE:SOC – Get Free Report) were down 5.4% on Tuesday. The stock traded as low as $3.05 and last traded at $3.0190. Approximately 1,059,652 shares changed hands during trading, a decline of 86% from the average daily volume of 7,641,673 shares. The stock had previously closed at $3.19.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group set a $9.00 price objective on shares of Sable Offshore in a research report on Wednesday, August 12th. Benchmark reiterated a “hold” rating on shares of Sable Offshore in a report on Wednesday, July 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sable Offshore in a report on Monday. Roth Capital dropped their price target on shares of Sable Offshore from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Wednesday, September 30th. Finally, Stifel Nicolaus assumed coverage on shares of Sable Offshore in a report on Thursday, September 10th. They set a “buy” rating and a $8.00 price target for the company. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $11.40.

Check Out Our Latest Stock Analysis on SOC

Sable Offshore Stock Down 5.3%

The business has a 50-day moving average of $4.24 and a 200-day moving average of $8.03. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.18 and a current ratio of 0.24. The stock has a market capitalization of $579.64 million, a price-to-earnings ratio of -0.92 and a beta of -0.13.

Sable Offshore (NYSE:SOC – Get Free Report) last posted its earnings results on Monday, August 10th. The company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.79). The business had revenue of $137.13 million for the quarter, compared to the consensus estimate of $237.65 million. On average, sell-side analysts expect that Sable Offshore Corp. will post -2.20 EPS for the current year.

Hedge Funds Weigh In On Sable Offshore

Several large investors have recently made changes to their positions in SOC. Bank of America Corp DE boosted its position in shares of Sable Offshore by 224.7% during the 1st 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 during the period. Bank of New York Mellon Corp acquired a new stake in Sable Offshore in the 2nd quarter valued at approximately $1,161,000. Kore Advisors LP raised its position in Sable Offshore by 70.2% in the first quarter. Kore Advisors LP now owns 257,152 shares of the company’s stock valued at $4,248,000 after purchasing an additional 106,107 shares during the period. IFP Advisors Inc raised its position in Sable Offshore by 16.0% in the third quarter. IFP Advisors Inc now owns 175,132 shares of the company’s stock valued at $606,000 after purchasing an additional 24,146 shares during the period. Finally, Hsbc Holdings PLC acquired a new position in Sable Offshore during the first quarter worth $1,663,000. 26.19% of the stock is currently owned by institutional investors and hedge funds.

About Sable Offshore

(Get Free Report)

Sable Offshore Corp. is an independent energy company focused on the development and operation of offshore oil and natural gas assets. Its principal operations are centered on the Santa Ynez Unit in the Santa Barbara Channel, including offshore production platforms, subsea infrastructure, and related onshore processing and transportation facilities.

The company’s asset base includes the Hondo, Heritage, and Harmony offshore platforms, as well as the Las Flores Canyon processing facility and associated pipeline infrastructure in Santa Barbara County, California.