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The price of Sable Offshore Corp. (NYSE: SOC) closed at $21.50 in the last session, up 0.47% from day before closing price of $21.40. In other words, the price has increased by $0.47 from its previous closing price. On the day, 0.88 million shares were traded. SOC stock price reached its highest trading level at $22.0485 during the session, while it also had its lowest trading level at $21.09.
Ratios:
We take a closer look at SOC’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 2.46 and its Current Ratio is at 2.73. In the meantime, Its Debt-to-Equity ratio is 6.48 whereas as Long-Term Debt/Eq ratio is at 6.48.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, BWS Financial on October 08, 2024, initiated with a Sell rating and assigned the stock a target price of $6.
On August 13, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $19.
On July 17, 2024, The Benchmark Company started tracking the stock assigning a Buy rating and target price of $24.The Benchmark Company initiated its Buy rating on July 17, 2024, with a $24 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 1756175872 and an Enterprise Value of 2072484864.
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 2.05%, while the 200-Day Moving Average is calculated to be 43.05%.
Shares Statistics:
According to the various share statistics, SOC traded on average about 1.04M shares per day over the past 3-months and 996870 shares per day over the past 10 days. A total of 81.68M shares are outstanding, with a floating share count of 45.02M. Insiders hold about 44.88% of the company’s shares, while institutions hold 44.48% stake in the company. Shares short for SOC as of 1728950400 were 6284105 with a Short Ratio of 6.07, compared to 1726185600 on 2947555. Therefore, it implies a Short% of Shares Outstanding of 6284105 and a Short% of Float of 13.520001.
