Sable Offshore (SOC) & Its Competitors Financial Analysis

Sable Offshore (NYSE:SOC) is one of 20 public companies in the “OIL – US INTEGRTD” industry, but how does it contrast to its competitors? We will compare Sable Offshore to similar companies based on the strength of its profitability, dividends, earnings, institutional ownership, risk, analyst recommendations and valuation.

Profitability

This table compares Sable Offshore and its competitors’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Sable Offshore	N/A	-88.48%	-17.69%
Sable Offshore Competitors	21.64%	11.56%	6.12%

Earnings and Valuation

This table compares Sable Offshore and its competitors revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Sable Offshore	N/A	-$629.07 million	-1.56
Sable Offshore Competitors	$6.54 billion	$947.96 million	9.31

Sable Offshore’s competitors have higher revenue and earnings than Sable Offshore. Sable Offshore is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Analyst Recommendations

This is a breakdown of recent ratings and recommmendations for Sable Offshore and its competitors, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Sable Offshore	2	0	5	0	2.43
Sable Offshore Competitors	394	1800	1979	83	2.41

Sable Offshore presently has a consensus target price of $20.50, indicating a potential upside of 286.43%. As a group, “OIL – US INTEGRTD” companies have a potential upside of 13.96%. Given Sable Offshore’s stronger consensus rating and higher probable upside, equities analysts clearly believe Sable Offshore is more favorable than its competitors.

Risk and Volatility

Sable Offshore has a beta of 0.46, meaning that its share price is 54% less volatile than the S&P 500. Comparatively, Sable Offshore’s competitors have a beta of 12.44, meaning that their average share price is 1,144% more volatile than the S&P 500.

Insider & Institutional Ownership

26.2% of Sable Offshore shares are owned by institutional investors. Comparatively, 60.8% of shares of all “OIL – US INTEGRTD” companies are owned by institutional investors. 36.4% of Sable Offshore shares are owned by insiders. Comparatively, 7.2% of shares of all “OIL – US INTEGRTD” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.

Summary

Sable Offshore competitors beat Sable Offshore on 9 of the 13 factors compared.

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. The company was formerly known as Flame Acquisition Corp. and changed its name to Sable Offshore Corp. in February 2024. Sable Offshore Corp. was incorporated in 2020 and is based in Houston, Texas.