Sable Offshore Corp (SOC): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NYSE-listed company operates within the Oil & Gas Drilling industry segment, falling under the Energy sector. The current market capitalization of Sable Offshore Corp is $1.78B. A total of 1.94 million shares were traded on the day, compared to an average of 1.27M 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.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, SOC has a high of $28.67 and a low of $10.11.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $2.13, while its Total Shareholder’s Equity was $274.56M.

Analysts Opinion

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. 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 4.20.

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