Sable Offshore (SOC) to Release Quarterly Earnings on Thursday

Sable Offshore (NYSE:SOC) is anticipated to announce its earnings results before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of ($0.22) per share for the quarter.

Sable Offshore Trading Up 5.6 %

SOC stock opened at $23.18 on Tuesday. The firm’s 50-day moving average price is $23.24 and its two-hundred day moving average price is $21.40. The company has a debt-to-equity ratio of 4.86, a quick ratio of 3.34 and a current ratio of 3.50. Sable Offshore has a 12-month low of $10.11 and a 12-month high of $29.80.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SOC. Johnson Rice assumed coverage on Sable Offshore in a research report on Tuesday, November 5th. They set a “buy” rating and a $30.00 price target for the company. BWS Financial restated a “sell” rating and set a $6.00 target price on shares of Sable Offshore in a report on Wednesday, November 27th. Finally, Pickering Energy Partners assumed coverage on shares of Sable Offshore in a report on Tuesday, December 17th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $25.00.

About Sable Offshore

Sable Offshore Corp. engages in the oil and gas exploration and development activities in the United States. The company operates through three platforms located in federal waters offshore California. It owns and operates 16 federal leases across approximately 76,000 acres and subsea pipelines, which transport crude oil, natural gas, and produced water from the platforms to the onshore processing facilities.