Sable Offshore (NYSE:SOC – Get Free Report) is expected to be posting its quarterly earnings results before the market opens on Thursday, February 27th. Analysts expect Sable Offshore to post earnings of ($0.22) per share for the quarter.
Sable Offshore Price Performance
Shares of SOC opened at $29.18 on Wednesday. The stock has a fifty day moving average of $25.08 and a two-hundred day moving average of $22.46. The company has a current ratio of 3.50, a quick ratio of 3.34 and a debt-to-equity ratio of 4.86. Sable Offshore has a fifty-two week low of $10.11 and a fifty-two week high of $32.33.
Wall Street Analysts Forecast Growth
SOC has been the subject of several research reports. Johnson Rice initiated coverage on shares of Sable Offshore in a research note on Tuesday, November 5th. They set a “buy” rating and a $30.00 price objective for the company. BWS Financial reissued a “sell” rating and set a $6.00 price objective on shares of Sable Offshore in a research note on Wednesday, November 27th. Benchmark reissued a “buy” rating and set a $37.00 price objective on shares of Sable Offshore in a research note on Thursday, February 20th. Finally, Pickering Energy Partners assumed coverage on shares of Sable Offshore in a research report on Tuesday, December 17th. They set an “outperform” rating for the company. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Sable Offshore presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.00.
About Sable Offshore
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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