Sable Offshore (NYSE:SOC) Issues Earnings Results, Misses Expectations By $0.85 EPS

08 May 2026, 19:20 by Teresa Graham · The Cerbat Gem

Sable Offshore (NYSE:SOC – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported ($1.37) EPS for the quarter, missing the consensus estimate of ($0.52) by ($0.85), FiscalAI reports. The business had revenue of $1.27 million for the quarter, compared to analyst estimates of $16.10 million.

Sable Offshore Trading Down 0.5%

Shares of SOC stock traded down $0.07 during trading on Friday, reaching $12.77. 2,184,357 shares of the company’s stock traded hands, compared to its average volume of 6,073,668. The firm’s 50-day moving average is $14.23 and its 200 day moving average is $10.39. The company has a market capitalization of $1.88 billion, a P/E ratio of -2.99 and a beta of -0.22. Sable Offshore has a 1 year low of $3.72 and a 1 year high of $35.00.

Insider Buying and Selling at Sable Offshore

In other Sable Offshore news, insider Anthony Duenner sold 39,312 shares of the business’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $13.56, for a total transaction of $533,070.72. Following the sale, the insider owned 590,864 shares of the company’s stock, valued at $8,012,115.84. The trade was a 6.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Gregory D. Patrinely sold 39,311 shares of the firm’s stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $13.56, for a total value of $533,057.16. Following the completion of the transaction, the executive vice president directly owned 562,740 shares of the company’s stock, valued at $7,630,754.40. The trade was a 6.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 1,077,406 shares of company stock valued at $17,202,083 in the last 90 days. 36.36% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SOC. Corient Private Wealth LLC bought a new stake in shares of Sable Offshore during the fourth quarter valued at about $175,000. Invesco Ltd. increased its holdings in Sable Offshore by 226.3% during the 4th quarter. Invesco Ltd. now owns 133,874 shares of the company’s stock worth $1,208,000 after acquiring an additional 92,843 shares during the period. NewEdge Advisors LLC increased its holdings in Sable Offshore by 83.9% during the 4th quarter. NewEdge Advisors LLC now owns 42,612 shares of the company’s stock worth $384,000 after acquiring an additional 19,436 shares during the period. Yaupon Capital Management LP lifted its stake in Sable Offshore by 365.5% in the 4th quarter. Yaupon Capital Management LP now owns 449,215 shares of the company’s stock worth $4,052,000 after purchasing an additional 352,715 shares in the last quarter. Finally, VARCOV Co. bought a new position in Sable Offshore in the 4th quarter valued at $347,000. Institutional investors own 26.19% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Sable Offshore in a research report on Friday, April 24th. Benchmark reiterated a “hold” rating on shares of Sable Offshore in a research note on Thursday, March 5th. Wall Street Zen raised Sable Offshore from a “strong sell” rating to a “sell” rating in a report on Saturday, April 25th. Finally, Jefferies Financial Group lowered their target price on Sable Offshore from $30.00 to $24.00 and set a “buy” rating on the stock in a research note on Wednesday, April 22nd. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Sable Offshore presently has a consensus rating of “Hold” and an average target price of $18.00.

Read Our Latest Stock Report on SOC

Sable Offshore Company Profile

(Get Free Report)

Sable Offshore (NYSE:SOC) is an independent upstream oil and natural gas company specializing in offshore hydrocarbon exploration and production. The company identifies and secures exploration and development rights, conducts detailed seismic interpretation, and advances offshore prospects through appraisal and development phases. Its focus on the offshore environment drives investments in specialized drilling techniques, subsea infrastructure and production facility design.