Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
The price of Sable Offshore Corp (NYSE: SOC) closed at $25.29 in the last session, down -3.73% from day before closing price of $26.27. In other words, the price has decreased by -$3.73 from its previous closing price. On the day, 1.24 million shares were traded. SOC stock price reached its highest trading level at $26.77 during the session, while it also had its lowest trading level at $25.02.
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 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:
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 2253336576 and an Enterprise Value of 2136681856.
Stock Price History:
The Beta on a monthly basis for SOC is 0.35, which has changed by 1.1254046 over the last 52 weeks, in comparison to a change of 0.25219524 over the same period for the S&P500. Over the past 52 weeks, SOC has reached a high of $29.80, while it has fallen to a 52-week low of $10.11. The 50-Day Moving Average of the stock is 10.15%, while the 200-Day Moving Average is calculated to be 37.45%.
Shares Statistics:
According to the various share statistics, SOC traded on average about 1.30M shares per day over the past 3-months and 1426920 shares per day over the past 10 days. A total of 78.79M shares are outstanding, with a floating share count of 57.86M. Insiders hold about 35.07% of the company’s shares, while institutions hold 49.20% stake in the company. Shares short for SOC as of 1730332800 were 5669452 with a Short Ratio of 4.78, compared to 1727654400 on 5492258. Therefore, it implies a Short% of Shares Outstanding of 5669452 and a Short% of Float of 12.2.
