In the quest to outshine the broader market, stock pickers diligently seek out stocks with the potential for superior performance. Making the right choices can significantly elevate your wealth.
The price of Sable Offshore Corp (NYSE: SOC) closed at $26.34 in the last session, up 1.74% from day before closing price of $25.89. In other words, the price has increased by $1.74 from its previous closing price. On the day, 1.03 million shares were traded. SOC stock price reached its highest trading level at $26.55 during the session, while it also had its lowest trading level at $25.7.
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 2.82 and its Current Ratio is at 2.94. In the meantime, Its Debt-to-Equity ratio is 2.22 whereas as Long-Term Debt/Eq ratio is at 2.21.
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:
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 2355149056 and an Enterprise Value of 2906211840.
Stock Price History:
The Beta on a monthly basis for SOC is 0.36, which has changed by 1.368705 over the last 52 weeks, in comparison to a change of 0.10063088 over the same period for the S&P500. 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 1.94%, while the 200-Day Moving Average is calculated to be 24.76%.
Shares Statistics:
According to the various share statistics, SOC traded on average about 1.40M shares per day over the past 3-months and 1084300 shares per day over the past 10 days. A total of 89.31M shares are outstanding, with a floating share count of 68.39M. Insiders hold about 23.52% of the company’s shares, while institutions hold 55.77% stake in the company. Shares short for SOC as of 1740700800 were 8172528 with a Short Ratio of 5.83, compared to 1738281600 on 6071013. Therefore, it implies a Short% of Shares Outstanding of 8172528 and a Short% of Float of 15.17.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0