Q1 EPS Estimates for Sable Offshore Reduced by Roth Capital

Sable Offshore Corp. (NYSE:SOC) – Research analysts at Roth Capital decreased their Q1 2027 EPS estimates for shares of Sable Offshore in a research note issued on Monday, November 10th. Roth Capital analyst L. Mariani now expects that the company will post earnings per share of $0.39 for the quarter, down from their previous forecast of $0.46. The consensus estimate for Sable Offshore’s current full-year earnings is ($6.39) per share. Roth Capital also issued estimates for Sable Offshore’s Q2 2027 earnings at $0.42 EPS and Q3 2027 earnings at $0.51 EPS.

Sable Offshore (NYSE:SOC) last posted its quarterly earnings results on Tuesday, August 12th. The company reported ($1.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.66) by ($0.44).

SOC has been the topic of a number of other reports. Benchmark dropped their price target on Sable Offshore from $47.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, November 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sable Offshore in a research report on Thursday, October 30th. Five research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $20.50.

Sable Offshore Trading Up 12.7%

SOC opened at $6.02 on Tuesday. The company has a fifty day moving average price of $17.18 and a two-hundred day moving average price of $22.84. Sable Offshore has a 1-year low of $4.58 and a 1-year high of $35.00. The company has a market cap of $599.05 million, a P/E ratio of -1.78 and a beta of 0.46.

Insider Activity

In other Sable Offshore news, major shareholder Global Icav Pilgrim bought 982,645 shares of the stock in a transaction dated Wednesday, October 15th. The shares were bought at an average cost of $15.04 per share, for a total transaction of $14,778,980.80. Following the purchase, the insider directly owned 10,933,394 shares of the company’s stock, valued at approximately $164,438,245.76. This trade represents a 9.88% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 36.36% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sable Offshore

Institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC grew its stake in Sable Offshore by 36.2% in the 1st quarter. NewEdge Advisors LLC now owns 2,448 shares of the company’s stock valued at $62,000 after buying an additional 650 shares in the last quarter. SVB Wealth LLC bought a new stake in shares of Sable Offshore during the 1st quarter valued at $29,000. Townsquare Capital LLC lifted its holdings in Sable Offshore by 12.3% during the 1st quarter. Townsquare Capital LLC now owns 11,338 shares of the company’s stock worth $288,000 after purchasing an additional 1,242 shares in the last quarter. US Bancorp DE lifted its holdings in Sable Offshore by 62.2% during the 1st quarter. US Bancorp DE now owns 3,281 shares of the company’s stock worth $83,000 after purchasing an additional 1,258 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Sable Offshore by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,991 shares of the company’s stock worth $761,000 after purchasing an additional 1,271 shares during the period. Hedge funds and other institutional investors own 26.19% of the company’s stock.

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.