SOC

Sable Offshore Corp

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Advanced Chart

28.070

-2.11(-6.991%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

30.180

Open

29.750

VWAP

28.96

Vol

925.62K

Mkt Cap

3.00B

Low

27.930

Amount

26.81M

EV/EBITDA(TTM)

Total Shares

99.34M

3.81B

EV/OCF(TTM)

P/S(TTM)

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.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q3

FY2025Q2

FY2025Q1

0.588

-147.2%

-0.623

-55.55%

-0.425

-86.8%

Estimates Revision

The market is revising Upward the revenue expectations for Sable Offshore Corp. (SOC) for FY2025, with the revenue forecasts being adjusted by 70.23% over the past three months. During the same period, the stock price has changed by 51.40%.

Revenue Estimates for FY2025

Revise Upward

+70.23%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+15.04%

In Past 3 Month

Stock Price

Go Up

+51.40%

In Past 3 Month

6 Analyst Rating

27.08% Upside

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 35.67 USD with a low forecast of 6.00 USD and a high forecast of 47.00 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.

5 Buy

0 Hold

1 Sell

Moderate Buy

27.08% Upside

Current: 28.070

Low

6.00

Averages

35.67

High

47.00

27.08% Upside

Current: 28.070

Low

6.00

Averages

35.67

High

47.00

Jefferies

Lloyd Byrne

Buy

maintain

$38

2025-07-20

New

Reason

Jefferies

Lloyd Byrne

Price Target

$38

2025-07-20

New

maintain

Buy

Reason

Jefferies analyst Lloyd Byrne attributes the recent share rally in Sable Offshore to Superior Court of California Judge Donna Geck's ruling that allows the company to proceed with restarting pipelines 324 and 325 and commence first oil sales in August, once the terms to lift the injunction are met. Sable is on track to have the injunction lifted and to restart Santa Ynez Unit operations, the analyst tells investors in a research note. The firm points that the petitioners have indicated they will seek a delay in lifting the injunction. Jefferies keeps a Buy rating on Sable Offshore with a $38 price target.

Roth Capital

Leo Mariani

Buy

maintain

$37

2025-06-05

Reason

Roth Capital

Leo Mariani

Price Target

$37

2025-06-05

maintain

Buy

Reason

Roth Capital

Leo Mariani

Buy

maintain

$37

2025-06-03

Reason

Roth Capital

Leo Mariani

Price Target

$37

2025-06-03

maintain

Buy

Reason

Roth Capital analyst Leo Mariani reiterated a Buy rating and $37 price target on Sable Offshore after a Santa Barbara County Superior Court judge issued a temporary restraining order against the state fire marshal, which will be effective until July 18. Sable shares dropped after the news, but Roth sees the current weakness as a buying opportunity, as the company should have plenty of liquidity to get through several months of delays on its pipeline restart if this news ends up being a significant delay. Sable should be able to stomach several months of delays on its pipeline if that is what occurs, as the company had around $225M of cash on hand as of March 31 and recently raised a net amount of around $282M of equity, the analyst tells investors in a research note.

Roth Capital

Buy

maintain

$37

2025-05-28

Reason

Roth Capital

Price Target

$37

2025-05-28

maintain

Buy

Reason

Roth Capital said Sable Offshore is a high-growth company with low base declines, strong field margins, and a plan to return material amounts of capital to shareholders through a dividend and buyback. The firm told investors that the company's current stock price weakness is a buying opportunity. Roth agrees with Sable's assessment that it can receive the final approval from the California State Fire Marshal and restart its pipelines at SYU, because the company does not believe the Fire Marshal will be bound by the judge's injunction order. The firm reiterated a Buy rating and $37 price target on Sable Offshore shares.

Jefferies

Buy

maintain

$36 -> $38

2025-05-26

Reason

Jefferies

Price Target

$36 -> $38

2025-05-26

maintain

Buy

Reason

Roth Capital

Leo Mariani

Buy

downgrade

$38 -> $37

2025-05-23

Reason

Roth Capital

Leo Mariani

Price Target

$38 -> $37

2025-05-23

downgrade

Buy

Reason

Roth Capital analyst Leo Mariani lowered the firm's price target on Sable Offshore to $37 from $38 and keeps a Buy rating on the shares. The firm cites lower cash flow estimates for the trimmed target. Sable priced a $256.5M primary equity offering at $29.50 per share, which was a 9% discount to the prior closing price, the analyst tells investors in a research note. Roth reduced 2025 earnings estimates to reflect higher Q2 cost estimates and the recent equity financing.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Sable Offshore Corp (SOC.N) is 18.37, compared to its 5-year average forward P/E of 3.34. For a more detailed relative valuation and DCF analysis to assess Sable Offshore Corp 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

3.34

Current PE

18.37

Overvalued PE

24.66

Undervalued PE

-17.99

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

2.10

Current EV/EBITDA

9.77

Overvalued EV/EBITDA

7.42

Undervalued EV/EBITDA

-3.23

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

N/A

5Y Average PS

1.33

Current PS

4.40

Overvalued PS

3.24

Undervalued PS

-0.59