Sable Offshore Corp's stock rose by 6.18% to close at $10.38, reaching a 20-day high, following positive developments in the Las Flores Pipeline project.
The surge is attributed to the federal approval for the restart of the Las Flores Pipeline, which has been a significant catalyst for investor optimism regarding the company's operational future. This approval clarifies Sable Offshore's operational path, despite potential challenges from lawmakers and environmental groups, indicating a strong market reaction with trading volume reaching 42 million shares, approximately five times the three-month average.
This approval not only enhances Sable Offshore's credibility but also signals a potential revival of its offshore oil production assets, making it a high-risk, high-reward investment as the company navigates its operational challenges.
Wall Street analysts forecast SOC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SOC is 22.50 USD with a low forecast of 19.00 USD and a high forecast of 29.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
Wall Street analysts forecast SOC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SOC is 22.50 USD with a low forecast of 19.00 USD and a high forecast of 29.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 10.250
Low
19.00
Averages
22.50
High
29.00
Current: 10.250
Low
19.00
Averages
22.50
High
29.00
Benchmark
Subash Chandra
Buy
maintain
$20
2026-01-02
Reason
Benchmark
Subash Chandra
Price Target
$20
AI Analysis
2026-01-02
maintain
Buy
Reason
Benchmark analyst Subash Chandra says Sable Offshore's Santa Ynez Unit is "the closest it has been" to restart after the 9th Circuit Court of Appeals denied an emergency stay requested by environmental groups, but notes that the case wasn't dismissed, with responses and briefs due over the next few months. The firm has a Buy rating and $20 price target on Sable Offshore shares, which are up $1.69, or 19%, to $10.72 in Friday pre-market trading.
Jefferies
Buy
maintain
$19
2025-12-29
Reason
Jefferies
Price Target
$19
2025-12-29
maintain
Buy
Reason
Jefferies reiterated a Buy rating and $19 price target on Sable Offshore, noting that the company's December 23 announcement that he Pipeline and Hazardous Materials Safety Administration had issued an Emergency Special Permit approving the company's restart plans for Lines 324 and 325 was followed by an NGO lawsuit with the 9th Circuit Court of Appeals. The firm said questions remain over what happens next, notably whether the case will result in an injunction. The uncertainty has led to volatility, but the firm believes there is a mismatched risk-reward, assuming federal support for the onshore option continues, the analyst tells investors in a research note, adding that we should know more over the next few weeks.
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Jefferies
Jefferies
Buy
maintain
$19
2025-12-23
Reason
Jefferies
Jefferies
Price Target
$19
2025-12-23
maintain
Buy
Reason
Jefferies notes that on December 20th, PHMSA approved Sable Offshore's restart plans for Lines 324 & 325 clearing them as technically sound for restart. While first sales are still unsure, the firm sees this as a key milestone. Investor focus is on next steps / timing of restart and how PHMSA approval relates to the Consent Decree and the Judge Geck Case given the transfer of regulatory authority from OSFM to PHMSA. Jefferies' core takeaway is that the federal government wants the SYU to be producing. The firm has a Buy rating on the shares with a price target of $19.
Roth Capital
Leo Mariani
Buy
maintain
$22
2025-11-11
Reason
Roth Capital
Leo Mariani
Price Target
$22
2025-11-11
maintain
Buy
Reason
Roth Capital analyst Leo Mariani expects shares of Sable Offshore to react positively to the Washington Post's report that the Trump administration is preparing a proposal to open up offshore oil drilling along California's coast for the first time in decades. The Trump administration's support of oil drilling off the coast of California "shows clear support" for Sable's Santa Ynez project off the coast of California in federal waters and indicates that federal funding for the project is "still clearly an option," the analyst tells investors in a research note. Roth has a Buy rating on the shares with a $22 price target. The stock in early trading is up 4% to $6.24.
About SOC
Sable Offshore Corp. is an independent oil and gas company focused on developing the Santa Ynez Unit (SYU) in federal waters offshore California. SYU consists of three offshore platforms and a wholly owned onshore processing facility located along the Gaviota Coast at Las Flores Canyon in Santa Barbara County, California. The offshore position comprises 16 federal leases across approximately 76,000 acres. The Company’s Hondo platform and the Harmony platform develop the Hondo Field, and the Heritage platform develops the Pescado and Sacate Fields. The platforms are located five to nine miles offshore of Santa Barbara County in shallow water depths of 900 to 1,200 feet and service 112 wells, comprised of 90 producers, 12 injectors and 10 idle with an additional 102 identified, undrilled opportunities. The onshore facilities occupy approximately 35 acres and are comprised of an oil treating plant, a biologic/physical water treating plant, POPCO gas plant, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
