Sable Offshore (SOC) Expected to Announce Earnings on Thursday

Sable Offshore (NYSE:SOC) is anticipated to post 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 stock opened at $29.35 on Tuesday. Sable Offshore has a 1 year low of $10.11 and a 1 year high of $32.33. The firm’s 50 day moving average is $24.93 and its 200-day moving average is $22.36. The company has a current ratio of 3.50, a quick ratio of 3.34 and a debt-to-equity ratio of 4.86.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Johnson Rice assumed coverage on shares of Sable Offshore in a research report on Tuesday, November 5th. They set a “buy” rating and a $30.00 target price on the stock. Benchmark reiterated a “buy” rating and set a $37.00 target price on shares of Sable Offshore in a research report on Thursday, February 20th. BWS Financial reiterated a “sell” rating and set a $6.00 target price on shares of Sable Offshore in a research report on Wednesday, November 27th. Finally, Pickering Energy Partners began coverage on shares of Sable Offshore in a research report on Tuesday, December 17th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.