Sable Offshore (NYSE: SOC) has regained attention. The independent oil and gas operator from California, which manages offshore platforms and pipelines associated with its Santa Ynez Unit, witnessed its stock jump 28.4% on July 17, significantly surpassing the overall market performance.
Sable Offshore offers significant upside as production restarts, with a large valuation discount to both NAV and peers, despite contingent resources status. High insider and smart money ownership aligns management with shareholders, boosting confidence in long-term value realization. Risks remain around resource classification, regulatory environment, and execution, but upcoming reserve upgrades could unlock substantial value.
Sable Offshore Corp. is nearing regulatory approval for its Pacific offshore production project, prompting an upgrade to a Buy rating with a $45.28/share price target. The firm has faced regulatory hurdles from the California Coastal Commission but is expected to overcome them with a supportive federal administration. The SYU reservoir holds substantial resources, and once operational, SOC is projected to achieve long-term EBITDA margins of 40-44%, driving strong cash flow.
13 Aug 2025 (In 2 days) Date | | - Cons. EPS | - EPS |
12 Aug 2025 (In 1 day) Date | | - Cons. EPS | - EPS |
12 May 2025 Date | | - Cons. EPS | - EPS |
18 Mar 2025 Date | | - Cons. EPS | - EPS |
15 Nov 2024 Date | | - Cons. EPS | - EPS |
13 Aug 2025 (In 2 days) Date | | - Cons. EPS | - EPS |
12 Aug 2025 (In 1 day) Date | | - Cons. EPS | - EPS |
12 May 2025 Date | | - Cons. EPS | - EPS |
18 Mar 2025 Date | | - Cons. EPS | - EPS |
15 Nov 2024 Date | | - Cons. EPS | - EPS |
Oil & Gas Drilling Industry | Energy Sector | James C. Flores CEO | NYSE Exchange | 78574H104 Cusip |
US Country | 161 Employees | - Last Dividend | - Last Split | - IPO Date |