Beyond market averages, investors seeking exceptional growth focus on the art of stock selection. The right picks can significantly contribute to the expansion of your wealth.
The closing price of Sable Offshore Corp (NYSE: SOC) was $22.63 for the day, down -6.29% from the previous closing price of $24.15. In other words, the price has decreased by -$6.29 from its previous closing price. On the day, 1.66 million shares were traded.
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.
Stock Price History:
Over the past 52 weeks, SOC has reached a high of $32.33, while it has fallen to a 52-week low of $10.11. The 50-Day Moving Average of the stock is -11.18%, while the 200-Day Moving Average is calculated to be 10.27%.
Shares Statistics:
A total of 78.79M shares are outstanding, with a floating share count of 57.90M. Insiders hold about 35.01% of the company’s shares, while institutions hold 55.99% stake in the company.
