Sable Offshore (NYSE:SOC – Get Free Report) is anticipated to issue its quarterly earnings data before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of ($0.22) per share for the quarter.
Sable Offshore Price Performance
SOC opened at $28.47 on Friday. The company has a current ratio of 3.50, a quick ratio of 3.34 and a debt-to-equity ratio of 4.86. The firm has a fifty day moving average price of $24.78 and a 200 day moving average price of $22.13. Sable Offshore has a 1 year low of $10.11 and a 1 year high of $32.33.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on SOC shares. Johnson Rice started coverage on shares of Sable Offshore in a research report on Tuesday, November 5th. They set a “buy” rating and a $30.00 price objective for the company. BWS Financial restated a “sell” rating and set a $6.00 price objective on shares of Sable Offshore in a research report on Wednesday, November 27th. Pickering Energy Partners started coverage on shares of Sable Offshore in a research report on Tuesday, December 17th. They set an “outperform” rating for the company. Finally, Benchmark restated a “buy” rating and set a $37.00 price objective on shares of Sable Offshore in a research report on Thursday. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Sable Offshore currently has an average rating of “Moderate Buy” and a consensus price target of $25.00.
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.
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