Roth Capital Reduces Earnings Estimates for Sable Offshore

Sable Offshore Corp. (NYSE:SOC) – Roth Capital lowered their Q1 2026 earnings per share estimates for Sable Offshore in a research report issued on Tuesday, August 12th. Roth Capital analyst L. Mariani now expects that the company will post earnings per share of $0.51 for the quarter, down from their prior estimate of $0.67. Roth Capital has a “Buy” rating and a $37.00 price objective on the stock. The consensus estimate for Sable Offshore’s current full-year earnings is ($6.39) per share. Roth Capital also issued estimates for Sable Offshore’s Q2 2026 earnings at $0.53 EPS, Q3 2026 earnings at $0.71 EPS, FY2026 earnings at $2.55 EPS, Q1 2027 earnings at $0.81 EPS, Q2 2027 earnings at $0.79 EPS and FY2027 earnings at $3.43 EPS.

Other equities research analysts have also recently issued reports about the stock. Benchmark lifted their price objective on shares of Sable Offshore from $37.00 to $47.00 and gave the company a “buy” rating in a research note on Tuesday, May 20th. Jefferies Financial Group restated a “buy” rating on shares of Sable Offshore in a research note on Monday, May 26th. Finally, BWS Financial reaffirmed a “sell” rating and set a $6.00 target price on shares of Sable Offshore in a report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to data from MarketBeat, Sable Offshore currently has an average rating of “Moderate Buy” and an average target price of $30.33.

Sable Offshore Stock Up 1.3%

Shares of NYSE SOC opened at $28.86 on Wednesday. Sable Offshore has a fifty-two week low of $14.54 and a fifty-two week high of $35.00. The firm’s 50-day simple moving average is $25.39 and its 200 day simple moving average is $24.90. The company has a debt-to-equity ratio of 3.04, a quick ratio of 1.57 and a current ratio of 1.67.

Sable Offshore (NYSE:SOC) last issued its quarterly earnings data on Tuesday, August 12th. The company reported ($1.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.66) by ($0.44).

Hedge Funds Weigh In On Sable Offshore

A number of large investors have recently made changes to their positions in the business. Gabelli Funds LLC acquired a new position in shares of Sable Offshore in the 2nd quarter valued at about $1,780,000. Gamco Investors INC. ET AL acquired a new position in shares of Sable Offshore in the 2nd quarter valued at about $347,000. Diametric Capital LP increased its holdings in shares of Sable Offshore by 31.9% in the 2nd quarter. Diametric Capital LP now owns 19,862 shares of the company’s stock valued at $437,000 after purchasing an additional 4,805 shares during the period. Marshall Wace LLP acquired a new position in shares of Sable Offshore in the 2nd quarter valued at about $654,000. Finally, Two Seas Capital LP acquired a new position in shares of Sable Offshore in the 2nd quarter valued at about $9,708,000. Institutional investors and hedge funds own 26.19% of the company’s stock.

Insider Transactions at Sable Offshore

In other news, major shareholder Global Icav Pilgrim sold 167,175 shares of the company’s stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $21.98, for a total value of $3,674,506.50. Following the transaction, the insider owned 9,933,394 shares in the company, valued at $218,336,000.12. This represents a 1.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 36.36% of the company’s stock.

Sable Offshore Company Profile

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.