The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
Sable Offshore Corp (NYSE: SOC) closed the day trading at $21.68 down -17.28% from the previous closing price of $26.21. In other words, the price has decreased by -$17.28 from its previous closing price. On the day, 2.02 million shares were traded. SOC stock price reached its highest trading level at $24.88 during the session, while it also had its lowest trading level at $21.64.
Ratios:
For a better understanding of SOC, let’s look at its different ratios. 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.
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, ROTH MKM on March 27, 2025, initiated with a Buy rating and assigned the stock a target price of $30.
On November 05, 2024, Johnson Rice started tracking the stock assigning a Buy rating and target price of $30.Johnson Rice initiated its Buy rating on November 05, 2024, with a $30 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 1938482560 and an Enterprise Value of 2489545728.
Stock Price History:
The Beta on a monthly basis for SOC is 0.39, which has changed by 0.9835316 over the last 52 weeks, in comparison to a change of 0.036926866 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 -16.38%, while the 200-Day Moving Average is calculated to be 0.94%.
Shares Statistics:
Over the past 3-months, SOC traded about 1.35M shares per day on average, while over the past 10 days, SOC traded about 1010760 shares per day. 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 55.76% stake in the company. Shares short for SOC as of 1741910400 were 8312159 with a Short Ratio of 6.17, compared to 1739491200 on 7292578. Therefore, it implies a Short% of Shares Outstanding of 8312159 and a Short% of Float of 15.340000000000002.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
