Here is Why Sable Offshore (SOC) Fell This Week
The share price of Sable Offshore Corp. (NYSE:SOC) fell by 4.66% between June 3 and June 10, 2025, putting it among the Energy Stocks that Lost the Most This Week. Let's shed some light on the development.
Copyright: 1971yes / 123RF Stock Photo
Sable Offshore Corp. (NYSE:SOC) is a Houston-based independent upstream company focused on developing the prolific Santa Ynez Unit in federal waters offshore California.
Sable Offshore Corp. (NYSE:SOC) continues to sink after Santa Barbara County Superior Court Judge Donna Geck ordered the company to halt restart efforts on the operation's onshore pipeline system while a related lawsuit is being resolved. The restraining order will remain in effect through at least mid-July and could even be extended. As a result, Sable has now pushed back their restart timeline from the beginning of July to August 1, 2025.
Sable Offshore Corp. (NYSE:SOC) posted significant gains in May after the company announced that it had restarted oil production at the previously dormant Santa Ynez Unit. However, the stock has now sunk by more than 30% over the last two weeks following the interventions by the court and the California Coastal Commission.
While we acknowledge the potential of SOC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 Cheap Energy Stocks to Buy Now and
Disclosure: None.
Error in retrieving data
Sign in to access your portfolio
Error in retrieving data
Error in retrieving data
Error in retrieving data
Error in retrieving data
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
27 minutes ago
- Yahoo
Gates Industrial (GTES) Gets Target Hike as Margin Expansion Confidence Grows
Gates Industrial Chemical Corporation (NYSE:GTES) is one of the 8 cheap beginner stocks to buy right now. Jeffrey Hammond, a KeyBanc analyst, raised his price target for Gates Industrial Chemical Corporation (NYSE:GTES) from $23 to $26 on June 9 while maintaining the stock's rating of Overweight. This decision comes after meetings with investors and meetings with Ivo Jurek, the company's CEO. Gates Industrial is effectively controlling manageable elements to boost earnings without depending on higher volume, even as demand trends are erratic. By innovating and gaining market share, the company is also appears to be growing in its markets. Even in the absence of a notable end-market rebound, Hammond stated he is now more confident that Gates Industrial Chemical Corporation (NYSE:GTES) will be able to meet its margin targets by the end of 2026. This confidence is a result of the company's proven ability to improve profit margins and penetrate more markets. Gates Industrial Chemical Corporation (NYSE:GTES) is a multinational producer of fluid power and power transmission solutions. The company supplies products to original equipment manufacturers (OEMs) as well as replacement channel clients in a variety of industrial and consumer markets. While we acknowledge the potential of GTES as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Read More: and Disclosure: None.
Yahoo
an hour ago
- Yahoo
Jim Cramer Notes Rockwell Automation is 'Going in the Right Direction'
Rockwell Automation, Inc. (NYSE:ROK) is one of the 16 stocks Jim Cramer recently discussed. The company was discussed during the episode, and here's what Mad Money's host had to say: 'So if you want a manufacturer, you know what you gotta do? You gotta embrace automation, which brings me to Rockwell Automation, the leading industrial automation, digital transformation company. Now these guys make equipment and software that allows factories to run with fewer workers. That's exactly what we're going to need if we're going to have domestic manufacturing make a comeback… Crucially, when the company reported that last quarter, about a month ago, Rockwell maintained its full-year sales outlook, and it raised its full-year earnings forecast really significantly. A technician in a factory setting next to an industrial automation machine. Rockwell Automation (NYSE:ROK) delivers industrial automation and digital transformation products. The company provides hardware, software, and services such as control, safety, motion, sensing equipment, consulting, and maintenance. While we acknowledge the potential of ROK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Jim Cramer on Kroger: 'Do Not Buy All At Once'
The Kroger Co. (NYSE:KR) is one of the 16 stocks Jim Cramer recently discussed. Inquiring about it, a caller mentioned that they are entering a position in the stock. Cramer commented: 'Alright, I'll tell you Kroger stock is rolling over… That's the problem. It's just rolling over, and when I see a stock rolling over at 13 times earnings, I say to myself, okay, let it come down. Buy a little, buy a little, and then wait for the next level. Do not buy all at once. It could be a bad sign that this stock is having such a hard time at this particular moment, and it sure is. 73 down to 64. How about [we] wait till it goes to 60? Then we see whether the chart's a little better right there.' Chefs in a fast-food kitchen preparing burgers and fries. Kroger (NYSE:KR) is a major U.S. retailer that runs various types of stores, such as food and drug combos, multi-department locations, marketplaces, and discount warehouses. While we acknowledge the potential of KR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
