Symbols / SOC Stock $13.14 -6.14% Sable Offshore Corp.

Energy • Oil & Gas Drilling • United States • NYQ
SOC (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
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Index EQUITY
Sector Energy
Industry Oil & Gas Drilling
CEO Mr. James C. Flores
Exch · Country NYQ · United States
Market Cap 2.03B
Enterprise Value 3.09B
Income -497.64M
Sales 1.27M
FCF (ttm) -663.39M
Book/sh 3.69
Cash/sh 0.34
Employees 200
Insider 10d —
IPO Apr 19, 2021
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E —
Forward P/E 4.39
PEG —
P/S 1,595.85
P/B 3.56
P/C —
EV/EBITDA -6.95
EV/Sales 2,429.91
Quick Ratio 0.05
Current Ratio 0.08
Debt/Eq 232.19
LT Debt/Eq —
EPS (ttm) -4.25
EPS next Y 2.99
EPS Growth —
Revenue Growth —
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-05-06
Earnings (prior) 2026-05-06
ROA -17.41%
ROE -141.66%
ROIC —
Gross Margin 0.00%
Oper. Margin -93.43%
Profit Margin 0.00%
Shs Outstand 154.36M
Shs Float 81.31M
Insider Own 13.78%
Instit Own 99.24%
Short Float 25.19%
Short Ratio 5.09
Short Interest 28.24M
52W High 35.00
vs 52W High -62.46%
52W Low 3.72
vs 52W Low 253.23%
Beta -0.23
Impl. Vol. 40.76%
Rel Volume 0.24
Avg Volume 5.40M
Volume 1.30M
Target (mean) $27.00
Tgt Median $24.00
Tgt Low $24.00
Tgt High $33.00
# Analysts 3
Recom Strong_buy
Prev Close $14.00
Price $13.14
Change -6.14%
About

Sable Offshore Corp. operates as an independent oil and gas company in the United States. The company operates through three platforms located in federal waters offshore California. It also owns and operates 16 federal leases across approximately 76,000 acres, as well as subsea pipelines that transports crude oil, natural gas, and produced water from the platforms to the onshore processing facilities. The company was formerly known as Flame Acquisition Corp. and changed its name to Sable Offshore Corp. in February 2024. Sable Offshore Corp. was incorporated in 2020 and is headquartered in Houston, Texas.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$27.00
Mean price target
2. Current target
$13.14
Latest analyst target
3. DCF / Fair value
$-77.36
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$13.14
Low
$24.00
High
$33.00
Mean
$27.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-22 main Jefferies Buy → Buy $24
2026-03-30 main Jefferies Buy → Buy $30
2026-03-05 down Benchmark Buy → Hold —
2026-01-02 reit Benchmark Buy → Buy $20
2025-11-11 main Jefferies Buy → Buy $20
2025-11-11 reit Roth Capital Buy → Buy $22
2025-11-04 main Benchmark Buy → Buy $20
2025-05-27 main Roth Capital Buy → Buy $37
2025-05-20 main Benchmark Buy → Buy $47
2025-05-13 main BWS Financial Sell → Sell $6
2025-03-27 init Roth MKM — → Buy $30
2025-03-18 main BWS Financial Sell → Sell $6
2025-02-20 reit Benchmark Buy → Buy $37
2024-11-27 main BWS Financial Sell → Sell $6
2024-11-15 main BWS Financial Sell → Sell $6
2024-10-08 init BWS Financial — → Sell $6
2024-10-07 reit Benchmark Buy → Buy $37
2024-09-24 main Benchmark Buy → Buy $37
2024-09-04 main Jefferies Buy → Buy $32
2024-08-13 init Jefferies — → Buy $19
News
RSS: Latest SOC news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-05-06 DILLARD MICHAEL E. Director — 50,000 $0.00 $0
2026-04-29 FLORES JAMES CALDWELL President — 80,054 $13.33 $1,076,266
2026-04-29 PATRINELY GREGORY D. Chief Financial Officer — 80,054 $13.33 $1,076,266
2026-04-29 DUENNER ANTHONY General Counsel — 80,055 $13.33 $1,076,279
2026-04-29 FLORES JAMES CALDWELL President — 200,000 — —
2026-04-29 PATRINELY GREGORY D. Chief Financial Officer — 200,000 — —
2026-04-29 DUENNER ANTHONY General Counsel — 200,000 — —
2026-03-31 FLORES JAMES CALDWELL President — 279,081 $16.69 $4,657,667
2026-03-31 PATRINELY GREGORY D. Chief Financial Officer — 279,081 $16.69 $4,657,667
2026-03-31 DUENNER ANTHONY General Counsel — 279,081 $16.69 $4,657,667
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2023-12-31 2022-12-31 2021-12-31
Total Revenue
0.00
0.00
0.00
0.00
Operating Revenue
0.00
0.00
0.00
0.00
Cost Of Revenue
12.89
-38.68%
21.02
—
—
Reconciled Cost Of Revenue
12.89
-38.68%
21.02
—
—
Gross Profit
-12.89
+38.68%
-21.02
—
—
Operating Expense
395.39
+438.27%
73.46
+1094.37%
6.15
+265.47%
1.68
Selling General And Administration
176.20
+1280.53%
12.76
—
1.68
General And Administrative Expense
176.20
+1280.53%
12.76
—
1.68
Other Gand A
176.20
+1280.53%
12.76
—
1.68
Other Operating Expenses
—
4.92
-20.02%
6.15
+265.47%
1.68
Total Expenses
408.28
+332.16%
94.47
+1436.11%
6.15
+265.47%
1.68
Operating Income
-408.28
-332.16%
-94.47
-1436.11%
-6.15
-265.47%
-1.68
Total Operating Income As Reported
-408.28
-332.16%
-94.47
-1436.11%
-6.15
-265.47%
-1.68
EBITDA
-295.74
-307.04%
-72.66
-1081.34%
-6.15
-265.47%
-1.68
Normalized EBITDA
-384.94
-429.82%
-72.66
-992.85%
-6.65
+15.18%
-7.84
Reconciled Depreciation
14.51
-30.96%
21.02
—
—
EBIT
-310.25
-231.20%
-93.67
-1423.09%
-6.15
-265.47%
-1.68
Total Unusual Items
89.20
+429.59%
-27.06
-5534.64%
0.50
-91.91%
6.16
Total Unusual Items Excluding Goodwill
89.20
+429.59%
-27.06
-5534.64%
0.50
-91.91%
6.16
Net Income
-410.16
-337.87%
-93.67
-3515.39%
-2.59
-160.63%
4.27
Pretax Income
-398.49
-325.41%
-93.67
-5007.92%
-1.83
-142.92%
4.27
Net Non Operating Interest Income Expense
-88.25
0.00
-100.00%
3.99
+24595.48%
0.02
Interest Expense Non Operating
88.25
0.00
—
—
Net Interest Income
-88.25
0.00
-100.00%
3.99
+24595.48%
0.02
Interest Expense
88.25
0.00
—
—
Interest Income Non Operating
—
4.42
+10.69%
3.99
+24595.48%
0.02
Interest Income
—
4.42
+10.69%
3.99
+24595.48%
0.02
Other Income Expense
98.04
+12139.33%
0.80
+144.76%
0.33
-94.49%
5.94
Other Non Operating Income Expenses
8.83
+1002.87%
0.80
+569.13%
-0.17
+20.73%
-0.22
Gain On Sale Of Security
89.20
+429.59%
-27.06
-5534.64%
0.50
-91.91%
6.16
Tax Provision
11.67
0.00
-100.00%
0.76
0.00
Tax Rate For Calcs
0.00
0.00
-100.00%
0.00
0.00
Tax Effect Of Unusual Items
18.73
0.00
-100.00%
0.10
0.00
Net Income Including Noncontrolling Interests
-410.16
-337.87%
-93.67
-3515.39%
-2.59
-160.63%
4.27
Net Income From Continuing Operation Net Minority Interest
-410.16
-337.87%
-93.67
-3515.39%
-2.59
-160.63%
4.27
Net Income From Continuing And Discontinued Operation
-410.16
-337.87%
-93.67
-3515.39%
-2.59
-160.63%
4.27
Net Income Continuous Operations
-410.16
-337.87%
-93.67
-3515.39%
-2.59
-160.63%
4.27
Normalized Income
-480.63
-413.10%
-93.67
-3038.79%
-2.98
-58.57%
-1.88
Net Income Common Stockholders
-410.16
-337.87%
-93.67
-3515.39%
-2.59
-160.63%
4.27
Diluted EPS
-4.18
+40.69%
-7.05
-9967.46%
-0.07
-150.00%
0.14
Basic EPS
-4.18
+40.69%
-7.05
-9967.46%
-0.07
-150.00%
0.14
Basic Average Shares
98.18
+638.63%
13.29
-63.01%
35.94
+13.71%
31.61
Diluted Average Shares
98.18
+638.63%
13.29
-63.01%
35.94
+13.71%
31.61
Diluted NI Availto Com Stockholders
-410.16
-337.87%
-93.67
-3515.39%
-2.59
-160.63%
4.27
Line Item Trend 2023-12-31
Total Assets
711.58
Current Assets
16.21
Cash Cash Equivalents And Short Term Investments
0.00
Cash And Cash Equivalents
0.00
Cash Financial
0.27
Inventory
16.21
Raw Materials
16.21
Prepaid Assets
0.10
Current Deferred Assets
—
Restricted Cash
0.00
Other Current Assets
0.10
Total Non Current Assets
695.37
Net PPE
688.96
Gross PPE
4,382.29
Accumulated Depreciation
-3,693.32
Properties
4,382.29
Non Current Prepaid Assets
—
Other Non Current Assets
6.40
Total Liabilities Net Minority Interest
372.56
Current Liabilities
17.90
Payables And Accrued Expenses
16.75
Payables
14.61
Accounts Payable
3.23
Other Payable
—
Current Accrued Expenses
2.15
Total Tax Payable
2.31
Income Tax Payable
0.00
Current Debt And Capital Lease Obligation
1.15
Current Debt
7.51
Other Current Borrowings
6.38
Current Capital Lease Obligation
1.15
Total Non Current Liabilities Net Minority Interest
354.66
Liabilities Heldfor Sale Non Current
349.14
Long Term Debt And Capital Lease Obligation
5.52
Long Term Debt
—
Long Term Capital Lease Obligation
5.52
Long Term Provisions
349.14
Non Current Deferred Liabilities
0.00
Non Current Deferred Taxes Liabilities
0.00
Stockholders Equity
339.02
Common Stock Equity
339.02
Capital Stock
0.00
Common Stock
0.00
Preferred Stock
0.00
Share Issued
13.29
Ordinary Shares Number
13.29
Treasury Shares Number
0.00
Additional Paid In Capital
0.00
Retained Earnings
0.00
Total Equity Gross Minority Interest
339.02
Total Capitalization
339.02
Working Capital
-1.69
Invested Capital
339.02
Total Debt
6.67
Net Debt
7.24
Capital Lease Obligations
6.67
Net Tangible Assets
339.02
Tangible Book Value
339.02
Current Notes Payable
1.13
Derivative Product Liabilities
0.00
Dueto Related Parties Current
11.37
Other Equity Interest
339.02
Other Inventories
—
Line Item Trend 2025-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow
-351.70
-401.73%
-70.10
-3988.71%
-1.71
+14.61%
-2.01
Cash Flow From Continuing Operating Activities
-351.70
-401.73%
-70.10
-3988.71%
-1.71
+14.61%
-2.01
Net Income From Continuing Operations
-410.16
-337.87%
-93.67
-3515.39%
-2.59
-160.63%
4.27
Depreciation Amortization Depletion
14.51
-30.96%
21.02
—
—
Depreciation
14.51
-30.96%
21.02
—
—
Depreciation And Amortization
14.51
-30.96%
21.02
—
—
Other Non Cash Items
88.25
+12406.47%
-0.72
+81.22%
-3.82
-4579.43%
-0.08
Stock Based Compensation
42.68
0.00
—
—
Deferred Tax
11.67
0.00
—
—
Deferred Income Tax
11.67
0.00
—
—
Operating Gains Losses
-89.20
-429.59%
27.06
+5534.64%
-0.50
+91.52%
-5.87
Gain Loss On Investment Securities
-89.20
-429.59%
27.06
+5534.64%
-0.50
+91.52%
-5.87
Change In Working Capital
-9.44
-469.26%
2.56
-50.76%
5.19
+1697.76%
-0.33
Change In Inventory
-5.67
-358.10%
2.20
—
—
Change In Prepaid Assets
-7.54
0.00
-100.00%
0.51
+185.31%
-0.60
Change In Payables And Accrued Expense
3.77
+951.53%
0.36
-92.33%
4.68
+1598.93%
0.28
Change In Payable
3.77
+951.53%
0.36
-92.33%
4.68
+1598.93%
0.28
Change In Account Payable
3.77
+185.21%
-4.43
-201.83%
4.35
+1479.09%
0.28
Investing Cash Flow
-417.62
0.00
-100.00%
0.79
+100.27%
-287.50
Cash Flow From Continuing Investing Activities
-417.62
0.00
-100.00%
0.79
+100.27%
-287.50
Capital Expenditure
-417.62
—
—
—
Capital Expenditure Reported
-417.62
0.00
—
—
Net Business Purchase And Sale
0.00
0.00
—
—
Purchase Of Business
0.00
0.00
—
—
Net Other Investing Changes
—
231.58
+29328.14%
0.79
+100.27%
-287.50
Financing Cash Flow
531.24
+657.85%
70.10
+9842.98%
0.70
-99.76%
289.82
Cash Flow From Continuing Financing Activities
531.24
+657.85%
70.10
+9842.98%
0.70
-99.76%
289.82
Net Issuance Payments Of Debt
0.00
0.00
-100.00%
0.70
-37.13%
1.12
Issuance Of Debt
—
2.56
+263.83%
0.70
-41.08%
1.20
Repayment Of Debt
0.00
0.00
0.00
+100.00%
-0.08
Long Term Debt Issuance
—
—
—
1.20
Long Term Debt Payments
0.00
0.00
—
-0.08
Net Long Term Debt Issuance
0.00
0.00
—
1.20
Short Term Debt Issuance
—
2.56
+263.83%
0.70
-41.08%
1.20
Short Term Debt Payments
—
—
0.00
+100.00%
-0.08
Net Short Term Debt Issuance
—
2.56
+263.83%
0.70
-37.13%
1.12
Net Common Stock Issuance
545.00
+677.48%
70.10
0.00
-100.00%
281.75
Common Stock Payments
—
-230.13
0.00
—
Repurchase Of Capital Stock
—
-230.13
0.00
—
Proceeds From Stock Option Exercised
0.00
0.00
0.00
-100.00%
7.75
Net Other Financing Charges
-13.76
—
—
-0.80
Changes In Cash
-238.09
-142191.19%
0.17
+175.30%
-0.22
-170.92%
0.31
Beginning Cash Position
335.77
0.00
-100.00%
0.32
+3480.74%
0.01
End Cash Position
97.68
0.00
-100.00%
0.10
-68.94%
0.32
Free Cash Flow
-769.33
-997.50%
-70.10
-3988.71%
-1.71
+14.61%
-2.01
Income Tax Paid Supplemental Data
—
1.25
+191.90%
0.43
—
Change In Income Tax Payable
—
-0.33
-200.00%
0.33
0.00
Change In Tax Payable
—
-0.33
-200.00%
0.33
0.00
Common Stock Issuance
545.00
+677.48%
70.10
0.00
-100.00%
281.75
Issuance Of Capital Stock
545.00
+677.48%
70.10
0.00
-100.00%
281.75
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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