Sable Offshore Corp Stock Today
| SOC Stock | 23.48 0.43 1.80% |
Performance2 of 100
| Odds Of DistressOver 54
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Sable Offshore is trading at 23.48 as of the 1st of December 2024, a 1.8% down since the beginning of the trading day. The stock's open price was 23.91. Sable Offshore has 54 percent odds of going through some form of financial distress in the next two years and did not have a very good performance for investor during the last 90 trading days. Sable Offshore symbol was changed from FLME on 15th of February 2024. Equity ratings for Sable Offshore Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 12th of December 2022 and ending today, the 1st of December 2024. Click here to learn more.
Business Domain Energy | IPO Date 15th of February 2024 |
Sable Offshore is entity of United States. It is traded as Stock on NYSE exchange. The company has 64.85 M outstanding shares of which 3.01 M shares are at this time shorted by investors with about 8.77 days to cover. More on Sable Offshore Corp
Moving against Sable Stock
Sable Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| Older Symbol | FLME | |||||||||||||||||||||||||||||||||||||||||||||
| Chairman CEO | James Flores | |||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||
| Old Names | [Sonora Gold & Silver Corp, Sonora Gold & Silver Corp] | |||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Oil & Gas Exploration & Production, Oil & Gas Drilling, Energy, SP OIL GAS, Outsourcing, Oil And Gas, Energy, Oil, Gas & Consumable Fuels, Oil & Gas Drilling, Energy (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Sable Offshore can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Sable Offshore's financial leverage. It provides some insight into what part of Sable Offshore's total assets is financed by creditors.
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Sable Offshore Corp (SOC) is traded on New York Stock Exchange in USA. It is located in 845 Texas Avenue, Houston, TX, United States, 77002 and employs 106 people. Sable Offshore Corp was previously known as Flame Acquisition Corp and was traded on New York Stock Exchange under the symbol FLME. Sable Offshore is listed under Oil & Gas Exploration & Production category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 1.46 B. Sable Offshore Corp runs under Oil, Gas & Consumable Fuels sector within Energy industry. The entity has 64.85 M outstanding shares of which 3.01 M shares are at this time shorted by investors with about 8.77 days to cover.
Sable Offshore generates negative cash flow from operations
Check Sable Offshore Probability Of Bankruptcy
Ownership AllocationSable Offshore Corp shows a total of 64.85 Million outstanding shares. Over half of Sable Offshore's outstanding shares are owned by institutional holders. These institutional holders are typically referred to as corporate investors that take positions in a given instrument to benefit from reduced trade commissions. Please note that no matter how many assets the company owns, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Sable Ownership Details
Sable Offshore Historical Income Statement
Sable Stock Against Markets
Sable Offshore Corporate Executives
Elected by the shareholders, the Sable Offshore's board of directors comprises two types of representatives: Sable Offshore inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sable. The board's role is to monitor Sable Offshore's management team and ensure that shareholders' interests are well served. Sable Offshore's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Sable Offshore's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Gregory Patrinely | Executive CFO | Profile | |
| Doss Bourgeois | Executive COO | Profile |
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Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Sable Offshore. If investors know Sable will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Sable Offshore listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.86) | Return On Assets (0.09) | Return On Equity (6.46) |
The market value of Sable Offshore Corp is measured differently than its book value, which is the value of Sable that is recorded on the company's balance sheet. Investors also form their own opinion of Sable Offshore's value that differs from its market value or its book value, called intrinsic value, which is Sable Offshore's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Sable Offshore's market value can be influenced by many factors that don't directly affect Sable Offshore's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Sable Offshore's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sable Offshore is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sable Offshore's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.