Sable Offshore Corp [NYSE: SOC] traded at a high on Thursday, posting a 25.17 gain after which it closed the day’ session at $30.63.
The results of the trading session contributed to over 6777209 shares changing hands. Over the past one week, the price volatility of Sable Offshore Corp stands at 7.50% while the volatility over the past one month is 6.72%.
The market cap for SOC stock reached $2.73 billion, with 78.79 million shares outstanding and 57.85 million shares in the current float. Compared to the average trading volume of 1.33M shares, SOC reached a trading volume of 6777209 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Sable Offshore Corp [SOC]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SOC shares is $24.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SOC stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Pickering Energy Partners have made an estimate for Sable Offshore Corp shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on December 17, 2024. While these analysts kept the previous recommendation, Johnson Rice raised their target price to Buy. The new note on the price target was released on November 05, 2024, representing the official price target for Sable Offshore Corp stock. Previously, the target price had yet another raise to $6, while BWS Financial analysts kept a Sell rating on SOC stock.
The Average True Range (ATR) for Sable Offshore Corp is set at 1.99 The Price to Book ratio for the last quarter was 14.41, with the Price to Cash per share for the same quarter was set at 3.63.
How has SOC stock performed recently?
Sable Offshore Corp [SOC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 35.59. With this latest performance, SOC shares gained by 34.11% in over the last four-week period, additionally plugging by 109.79% over the last 6 months – not to mention a rise of 175.95% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SOC stock in for the last two-week period is set at 68.67, with the RSI for the last a single of trading hit 74.05, and the three-weeks RSI is set at 65.20 for Sable Offshore Corp [SOC]. The present Moving Average for the last 50 days of trading for this stock 23.40, while it was recorded at 25.01 for the last single week of trading, and 19.24 for the last 200 days.
Sable Offshore Corp [SOC]: Deeper insight into the fundamentals
Sable Offshore Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.34 and a Current Ratio set at 3.50.
Insider trade positions for Sable Offshore Corp [SOC]
The top three institutional holders of SOC stocks are: FMR LLC with ownership of 9.02 million shares, which is approximately 14.9999%. PILGRIM GLOBAL ADVISORS LLC, holding 8.0 million shares of the stock with an approximate value of $$120.56 million in SOC stocks shares; and PILGRIM GLOBAL ADVISORS LLC, currently with $$55.27 million in SOC stock with ownership which is approximately 6.0955%.
