Sable Offshore

SOC · NYSE

$3.16−$0.03 (−0.94%)TodayMarket closed · Oct 20, 7:59 PM ET

Prev close $3.19

SOC analyst rating

BuyConsensus of 5 analysts over the last 12 months. 80% rate it a buy.

Strong buy0
Buy4
Hold1
Underperform0
Sell0

12-month price target · 5 analysts

Average $9.69 (+206.6% upside)

Low: $8.08
Now: $3.16
High: $11.55

Upgrades and downgrades

The latest rating actions, newest first

SOC analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
William Blair	Oct 5, 2026	Initiates	Outperform	—	49%
JP Morgan	Oct 2, 2026	Initiates	Overweight	$10.00	—
Roth Capital	Sep 30, 2026	Maintains	Buy	$11.00 → $10.00	70%
Jefferies	Jul 6, 2026	Maintains	Buy	$24.00 → $11.00	58%
Roth Capital	Jul 1, 2026	Maintains	Buy	$22.00 → $15.00	70%
Jefferies	Apr 22, 2026	Maintains	Buy	$30.00 → $24.00	58%
Jefferies	Mar 30, 2026	Maintains	Buy	$28.00 → $30.00	58%
Benchmark	Mar 5, 2026	Downgrade	Buy → Hold	—	42%
Benchmark	Jan 2, 2026	Maintains	Buy	$20.00	42%
Jefferies	Nov 11, 2025	Maintains	Buy	$38.00 → $20.00	58%

The case for and against

Updated Nov 14, 2025

Bull case

Sable Offshore Corp has significantly improved its financial position, increasing pro forma working capital from $98 million to approximately $343 million, which enhances its operational flexibility. The successful raising of $257 million in primary equity will aid in replenishing near-term working capital, enabling the company to better manage its forthcoming debt refinancing of approximately $855 million due by October 2025. Furthermore, these financial metrics provide a cushion that supports the transition to initial cash flow from the Santa Ynez Unit, reinforcing a positive outlook for the company's future prospects.

Bear case

Sable Offshore Corp’s outlook is negatively impacted due to multiple factors including reliance on commodity prices, with a potential decrease in financial health linked to lower-than-expected oil and natural gas prices, which directly affects cash flow projections. The company also faces heightened legal risks, having previously encountered lawsuits and operational suspensions, along with extreme vulnerability due to its concentrated asset base in one field, making it susceptible to operational disruptions. Additionally, there is a looming default risk on upcoming debt if production does not resume or refinancing measures are not successfully implemented, further complicating its financial stability.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.