Roth Capital Reiterates Buy Rating for Sable Offshore Corp.
Roth Capital keeps its buy rating for Sable Offshore Corp., setting a $15 price target, a 387.01% upside from the current price.
Key Points
- Roth Capital reiterated its buy rating on Sable Offshore Corp. (SOC) with a price target of $15 on July 1, 2026.
- Roth Capital's $15 price target implies 387.01% upside from Sable Offshore Corp.'s ($SOC) current $3.08 share price.
- Shares of NYSE:SOC traded near $3.08 on Wednesday, with a market cap of approximately $475.4 million.
- Insiders, including CEO James Flores, recently bought shares, while Morgan Stanley increased its holdings by 2,040,112 shares.
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Roth Capital has reiterated its buy rating on Sable Offshore Corp. (NYSE:SOC) with a price target of $15. The announcement was made on July 1, 2026, by analyst Leo Mariani. This comes as Sable Offshore shares traded near $3.08 on Wednesday.
Roth Capital vs. the S&P 500
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Sable Offshore Corp. Stock Down 31.4%
Shares of Sable Offshore Corp. traded near $3.08 on Wednesday. The company has a market cap of about $475.4 million and a forward P/E ratio of 1.12, indicating potential future earnings growth. Sable Offshore's stock has seen a 52-week low of $2.88 and a high of $32.18, with a 50-day moving average of $12.69 and a 200-day moving average of $12.06. Its beta of -0.225 suggests less volatility compared to the market.
$SOC price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Insider Buying and Selling at Sable Offshore Corp.
Recent insider activity at Sable Offshore Corp. includes several significant transactions. On May 6, 2026, insiders such as Christopher Binyon Sarofim and Michael Dillard purchased 25,000 and 50,000 shares, respectively, without planned sales. Chairman and CEO James Flores bought 175,000 shares on April 29, 2026, while also selling 68,792 shares at an average price of $13.56.
Analysts Set New Price Targets
On July 1, 2026, Roth Capital maintained its buy rating for Sable Offshore Corp. with a $15 price target. Jefferies also maintained a buy rating with a $24 target back in April 2026. The consensus among analysts is a buy rating, with a mean price target of $27, based on three analyst opinions.
About Sable Offshore Corp.
Sable Offshore Corp. is an independent oil and gas company based in Houston, Texas. It operates three platforms offshore California and manages 16 federal leases over roughly 76,000 acres. The company also owns subsea pipelines that transport crude oil, natural gas, and produced water to onshore facilities. Sable Offshore, formerly known as Flame Acquisition Corp., was incorporated in 2020 and is led by CEO James C. Flores.
Bottom Line
Roth Capital's reiteration of a buy rating for Sable Offshore Corp. reflects ongoing confidence in the company's potential. With shares currently trading around $3.08, Sable Offshore remains an interesting prospect for investors, particularly given recent insider buying activity. As always, it's crucial to remember that analyst ratings are just one factor to consider, and investors should conduct their own research before making decisions.
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