Jefferies Reaffirms Their Buy Rating on Sable Offshore (SOC)
Jefferies analyst Lloyd Byrne maintained a Buy rating on Sable Offshore (SOC – Research Report) today and set a price target of $38.00. The company's shares closed last Friday at $32.10.
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Byrne covers the Energy sector, focusing on stocks such as Baker Hughes Company, Canadian Natural, and Cenovus Energy. According to TipRanks, Byrne has an average return of 17.7% and a 49.87% success rate on recommended stocks.
In addition to Jefferies, Sable Offshore also received a Buy from Roth MKM's Leo Mariani in a report issued on May 23. However, on May 13, BWS Financial maintained a Sell rating on Sable Offshore (NYSE: SOC).
The company has a one-year high of $35.00 and a one-year low of $13.62. Currently, Sable Offshore has an average volume of 1.92M.
Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SOC in relation to earlier this year.
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