Roth Capital Decreases Earnings Estimates for Sable Offshore

Sable Offshore Corp. (NYSE:SOC) – Roth Capital reduced their Q1 2026 earnings estimates for shares of Sable Offshore in a research report issued to clients and investors on Monday, April 14th. Roth Capital analyst L. Mariani now forecasts that the company will post earnings per share of $0.38 for the quarter, down from their previous forecast of $0.48. 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 $0.37 EPS, Q3 2026 earnings at $0.46 EPS and Q4 2026 earnings at $0.50 EPS.

A number of other research analysts have also recently weighed in on SOC. Roth Mkm began coverage on Sable Offshore in a research report on Thursday, March 27th. They set a “buy” rating and a $30.00 price objective on the stock. BWS Financial reissued a “sell” rating and issued a $6.00 price objective on shares of Sable Offshore in a research note on Tuesday, March 18th. Benchmark restated a “buy” rating on shares of Sable Offshore in a research note on Tuesday, March 18th. Finally, Pickering Energy Partners began coverage on Sable Offshore in a report on Tuesday, December 17th. They set an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $27.50.

Sable Offshore Price Performance

Shares of Sable Offshore stock opened at $19.69 on Wednesday. The stock’s fifty day moving average is $24.63 and its 200 day moving average is $23.37. Sable Offshore has a one year low of $10.11 and a one year high of $32.33. The company has a quick ratio of 3.34, a current ratio of 3.50 and a debt-to-equity ratio of 4.86.

Institutional Trading of Sable Offshore

Institutional investors and hedge funds have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Sable Offshore by 9.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 39,248 shares of the company’s stock worth $927,000 after purchasing an additional 3,531 shares during the period. State Street Corp raised its stake in shares of Sable Offshore by 74.3% during the 3rd quarter. State Street Corp now owns 1,589,395 shares of the company’s stock worth $37,557,000 after acquiring an additional 677,426 shares in the last quarter. Barclays PLC lifted its position in Sable Offshore by 342.9% during the third quarter. Barclays PLC now owns 77,583 shares of the company’s stock valued at $1,832,000 after acquiring an additional 60,065 shares during the last quarter. Geode Capital Management LLC boosted its stake in Sable Offshore by 2.6% in the third quarter. Geode Capital Management LLC now owns 1,051,177 shares of the company’s stock valued at $24,844,000 after acquiring an additional 26,934 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in Sable Offshore in the third quarter worth $521,000. 26.19% of the stock is currently owned by institutional investors.

About Sable Offshore

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.