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After finishing at $28.30 in the prior trading day, Sable Offshore Corp. (NYSE: SOC) closed at $22.20, down -21.55%. In other words, the price has decreased by -$21.55 from its previous closing price. On the day, 5.73 million shares were traded. SOC stock price reached its highest trading level at $25.1699 during the session, while it also had its lowest trading level at $22.031.
Ratios:
Our goal is to gain a better understanding of SOC by taking a closer look at its different ratios. 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, Jefferies on August 13, 2024, initiated with a Buy rating and assigned the stock a target price of $19.
On July 17, 2024, The Benchmark Company started tracking the stock assigning a Buy rating and target price of $24.
On February 26, 2024, TD Cowen started tracking the stock assigning a Outperform rating and target price of $20.TD Cowen initiated its Outperform rating on February 26, 2024, with a $20 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 Aug 27 ’24 when Pilgrim Global ICAV bought 41,000 shares for $15.45 per share. The transaction valued at 633,450 led to the insider holds 8,041,001 shares of the business.
Pipkin Gregory Phillip sold 82,238 shares of SOC for $1,205,461 on Jun 05 ’24. The Director now owns 85,540 shares after completing the transaction at $14.66 per share. On May 20 ’24, another insider, FLORES JAMES C, who serves as the Chairman & CEO of the company, bought 100,000 shares for $13.74 each. As a result, the insider paid 1,374,150 and bolstered with 2,625,000 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 1439567872 and an Enterprise Value of 2117876736.
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 26.46%, while the 200-Day Moving Average is calculated to be 63.75%.
Shares Statistics:
The stock has traded on average 773.39K shares per day over the past 3-months and 1328210 shares per day over the last 10 days, according to various share statistics. A total of 64.85M shares are outstanding, with a floating share count of 49.57M. Insiders hold about 23.56% of the company’s shares, while institutions hold 51.21% stake in the company. Shares short for SOC as of 1724976000 were 3010782 with a Short Ratio of 3.89, compared to 1722384000 on 3065835. Therefore, it implies a Short% of Shares Outstanding of 3010782 and a Short% of Float of 14.310001.
