Sable Offshore (SOC) Projected to Post Earnings on Thursday

Sable Offshore (NYSE:SOC) is anticipated to announce its earnings results before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of ($0.22) per share for the quarter.

Sable Offshore Price Performance

NYSE SOC opened at $22.99 on Thursday. The company has a quick ratio of 3.34, a current ratio of 3.50 and a debt-to-equity ratio of 4.86. Sable Offshore has a one year low of $10.11 and a one year high of $29.80. The company has a 50-day simple moving average of $23.26 and a 200-day simple moving average of $21.23.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SOC. BWS Financial reissued a “sell” rating and set a $6.00 price target on shares of Sable Offshore in a report on Wednesday, November 27th. Johnson Rice started coverage on shares of Sable Offshore in a research note on Tuesday, November 5th. They set a “buy” rating and a $30.00 target price for the company. Finally, Pickering Energy Partners began coverage on shares of Sable Offshore in a research note on Tuesday, December 17th. They issued an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company. Based on data from MarketBeat, Sable Offshore currently has an average rating of “Moderate Buy” and an average target price of $25.00.

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.