In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The closing price of Sable Offshore Corp (NYSE: SOC) was $23.28 for the day, up 1.66% from the previous closing price of $22.90. In other words, the price has increased by $1.66 from its previous closing price. On the day, 0.95 million shares were traded. SOC stock price reached its highest trading level at $23.6 during the session, while it also had its lowest trading level at $22.31.
Ratios:
Our analysis of SOC’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 3.34 and its Current Ratio is at 3.50. In the meantime, Its Debt-to-Equity ratio is 4.86 whereas as Long-Term Debt/Eq ratio is at 4.86.
On November 05, 2024, Johnson Rice started tracking the stock assigning a Buy rating and target price of $30.
On October 08, 2024, BWS Financial started tracking the stock assigning a Sell rating and target price of $6.BWS Financial initiated its Sell rating on October 08, 2024, with a $6 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 19 ’24 when Pilgrim Global ICAV bought 750,000 shares for $20.00 per share. The transaction valued at 15,000,000 led to the insider holds 8,791,001 shares of the business.
Pilgrim Global ICAV bought 41,000 shares of SOC for $633,450 on Aug 27 ’24. The 10% Owner now owns 8,041,001 shares after completing the transaction at $15.45 per share. On Jun 05 ’24, another insider, Pipkin Gregory Phillip, who serves as the Director of the company, sold 82,238 shares for $14.66 each. As a result, the insider received 1,205,461 and left with 85,540 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SOC now has a Market Capitalization of 2074245888 and an Enterprise Value of 2136681856.
Stock Price History:
Over the past 52 weeks, SOC has reached a high of $28.67, while it has fallen to a 52-week low of $10.11. The 50-Day Moving Average of the stock is 5.62%, while the 200-Day Moving Average is calculated to be 34.65%.
Shares Statistics:
SOC traded an average of 1.32M shares per day over the past three months and 1740110 shares per day over the past ten days. A total of 78.79M shares are outstanding, with a floating share count of 57.86M. Insiders hold about 35.07% of the company’s shares, while institutions hold 49.01% stake in the company. Shares short for SOC as of 1730332800 were 5669452 with a Short Ratio of 3.81, compared to 1727654400 on 5492258. Therefore, it implies a Short% of Shares Outstanding of 5669452 and a Short% of Float of 12.2.
