Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The closing price of Sable Offshore Corp (NYSE: SOC) was $30.63 for the day, down -2.17% from the previous closing price of $31.31. In other words, the price has decreased by -$2.17 from its previous closing price. On the day, 2.36 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 $32.05, while it has fallen to a 52-week low of $10.11. The 50-Day Moving Average of the stock is 27.69%, while the 200-Day Moving Average is calculated to be 56.67%.
Shares Statistics:
A total of 78.79M shares are outstanding, with a floating share count of 57.85M. Insiders hold about 35.08% of the company’s shares, while institutions hold 55.97% stake in the company.
