Sable Offshore Corp
About: Sable Offshore Corp is a Houston-based independent upstream company focused on responsibly developing the prolific Santa Ynez Unit in federal waters offshore California.
Employees: 106
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
1,600% more first-time investments, than exits
New positions opened: 68 | Existing positions closed: 4
300% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 8 (+6) [Q3]
128% more call options, than puts
Call options by funds: $14.6M | Put options by funds: $6.42M
111% more capital invested
Capital invested by funds: $482M [Q2] → $1.02B (+$536M) [Q3]
106% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 17
98% more funds holding
Funds holding: 65 [Q2] → 129 (+64) [Q3]
13.13% more ownership
Funds ownership: 53.17% [Q2] → 66.3% (+13.13%) [Q3]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$6
73%
downside
Avg. target
$22
3%
downside
High target
$37
66%
upside
2 analyst ratings
1 positive
50%
0 neutral
0%
1 negative
50%
BWS Financial Hamed Khorsand 69% 1-year accuracy 112 / 162 met price target | 73%downside $6 | Sell Maintained | 27 Nov 2024 |
Benchmark Subash Chandra 17% 1-year accuracy 6 / 35 met price target | 66%upside $37 | Buy Reiterated | 7 Oct 2024 |
Financial journalist opinion
Neutral
Seeking Alpha
18 hours ago
Sable Offshore Offers Convexity For 2025
Sable Offshore Corp. (SOC) is a high-risk investment with potential upside if the Santa Ynez pipeline reopens, expected in Q1 2025. Waivers from the California Office of the State Fire Marshal are a significant milestone, with hydrotesting scheduled for January 2025. If reopened, Santa Ynez could produce over 50,000 barrels per day, but high capex and operational risks remain.
Neutral
Business Wire
1 month ago
Sable Offshore Corp. Reports Third Quarter 2024 Financial and Operational Results
HOUSTON--(BUSINESS WIRE)--Sable Offshore Corp. Reports Third Quarter 2024 Financial and Operational Results.
Neutral
Business Wire
1 month ago
Sable Offshore Corp. Continues to Coordinate with California Coastal Commission on Maintenance and Repair Work in the Coastal Zone
SANTA BARBARA, Calif.--(BUSINESS WIRE)--Sable Offshore Corp. Continues to Coordinate with California Coastal Commission on Maintenance and Repair Work in the Coastal Zone.
Neutral
Business Wire
1 month ago
Sable Offshore Corp. Announces Completion of Redemption of Public Warrants
HOUSTON--(BUSINESS WIRE)--Sable Offshore Corp. Announces Completion of Redemption of Public Warrants.
Neutral
Business Wire
2 months ago
Sable Offshore Corp. Provides Update on Pacific Pipeline Company Operations
HOUSTON--(BUSINESS WIRE)--Sable Offshore Corp. Provides Update on Pacific Pipeline Company Operations.
Neutral
Business Wire
2 months ago
Sable Offshore Corp. Announces Redemption of Public Warrants
HOUSTON--(BUSINESS WIRE)--Sable Offshore Corp. Announces Redemption of Public Warrants.
Neutral
24/7 Wall Street
2 months ago
Check Out Last Week's Big Insider Buying: Biotechs, Energy, and More
24/7 Wall St. Insights Summer gave way to autumn this past week, and notable insider buying continued.
Negative
Benzinga
3 months ago
Crude Oil Moves Higher; Sable Offshore Shares Slide
U.S. stocks traded mostly lower toward the end of trading, with the Nasdaq Composite falling around 0.5% on Friday.
Neutral
Business Wire
3 months ago
Sable Offshore Corp. Announces $150 Million Private Placement of Shares and Update on Warrant Exercises
HOUSTON--(BUSINESS WIRE)--Sable Offshore Corp. Announces $150 Million Private Placement of Shares and Update on Warrant Exercises.
Neutral
Business Wire
4 months ago
Sable Offshore Corp. Reports Second Quarter 2024 Financial and Operational Results
HOUSTON--(BUSINESS WIRE)--Sable Offshore Corp. Reports Second Quarter 2024 Financial Results and Provides Operational Updates.
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