The Question Is Whether To Buy Or Not To Buy Sable Offshore Corp. (NYSE: SOC)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

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Stocks Info

Sable Offshore Corp. is listed on the NYSE as a member of the Energy sector and is a part of the Oil & Gas Drilling industry. The current market capitalization of Sable Offshore Corp. is $1.63B. A total of 1.29 million shares were traded on the day, compared to an average of 789.68K shares.

In the most recent transaction, Pilgrim Global ICAV bought 750,000 shares of SOC for 20.00 per share on Sep 19 ’24. After the transaction, the 10% Owner now owns 8,791,001 company shares. In a previous transaction on Aug 27 ’24, Pilgrim Global ICAV bought 41,000 shares at 15.45 per share. SOC shares that 10% Owner owns now total 8,041,001.

Among the insiders who sold shares, Pipkin Gregory Phillip disposed of 82,238 shares on Jun 05 ’24 at a per-share price of $14.66. This resulted in the Director holding 85,540 shares of SOC after the transaction. In another insider transaction, FLORES JAMES C bought 100,000 shares at $13.74 per share on May 20 ’24. Company shares held by the Chairman & CEO now total 2,625,000.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, SOC has a high of $28.67 and a low of $10.11.

As of this writing, SOC has an earnings estimate of -$0.42 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of -$0.3 per share and a lower estimate of -$0.57. The company reported an EPS of -$1.61 in the last quarter

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. SOC’s latest balance sheet shows that the firm has $322.77k in Cash & Short Term Investments as of fiscal 2021. There were $956.12k in debt and $1.23M in liabilities at the time. Its Book Value Per Share was $1.88, while its Total Shareholder’s Equity was $274.56M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SOC is Buy with a score of 5.00.

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