Roth MKM Remains a Buy on Sable Offshore (SOC)
In a report released today, Leo Mariani from Roth MKM maintained a Buy rating on Sable Offshore (SOC – Research Report), with a price target of $26.00. The company's shares closed today at $23.00.
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According to TipRanks, Mariani is a top 100 analyst with an average return of 24.0% and a 56.92% success rate. Mariani covers the Energy sector, focusing on stocks such as Matador Resources, Occidental Petroleum, and Coterra Energy.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sable Offshore with a $27.83 average price target.
The company has a one-year high of $32.33 and a one-year low of $11.01. Currently, Sable Offshore has an average volume of 1.62M.
Based on the recent corporate insider activity of 18 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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