Latest news with #SableOffshore
Business Insider
21-07-2025
- Business
- Business Insider
Sable on track to restart Santa Ynez operations, says Jefferies
Jefferies analyst Lloyd Byrne attributes the recent share rally in Sable Offshore (SOC) to Superior Court of California Judge Donna Geck's ruling that allows the company to proceed with restarting pipelines 324 and 325 and commence first oil sales in August, once the terms to lift the injunction are met. Sable is on track to have the injunction lifted and to restart Santa Ynez Unit operations, the analyst tells investors in a research note. The firm points that the petitioners have indicated they will seek a delay in lifting the injunction. Jefferies keeps a Buy rating on Sable Offshore with a $38 price target Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Yahoo
19-07-2025
- Business
- Yahoo
Sable Offshore (SOC) Climbs 11.8% on Las Flores Legal Win
We recently published . Sable Offshore Corp. (NYSE:SOC) is one of this week's top performers. Sable Offshore rallied for a second day on Friday, adding 11.82 percent to close at $31.69 apiece as investor sentiment repositioned portfolios amid reports that it was nearing the restart of its Las Flores pipelines. Roth Capital in a market note earlier this week claimed that Sable Offshore Corp. (NYSE:SOC) was set to receive in the 'very near future' the final affirmative ruling in relation to the restart of its Las Flores pipelines. News reports also added that the court decision allowed Sable Offshore Corp. (NYSE:SOC) to move forward with certain preparatory steps for restarting the pipelines, but prohibited the actual restart pending the receipt of a signed notice of compliance. Connected to the Santa Ynez offshore platforms, the Las Flores pipelines have been subject to legal and environmental scrutiny since 2015 that led to a temporary shutdown. Aerial view of an oil & gas refinery, showcasing the scale of operations. Upon commercial operations, Sable Offshore Corp. (NYSE:SOC) is expected to ride the booming AI wave, an industry heavily hungry for more energy sources to power demand. While we acknowledge the potential of SOC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
19-07-2025
- Business
- Yahoo
Sable Offshore (SOC) Climbs 41% W/W on Looming Las Flores Restart
We recently published . Sable Offshore Corp. (NYSE:SOC) is one of this week's biggest players. Sable Offshore saw its share prices jump by 41.28 percent in just the past five trading days of the week, as investors turned optimistic about the looming restart of its long-shut Las Flores pipelines. This followed a market report from Roth Capital earlier in the week that claimed Sable Offshore Corp. (NYSE:SOC) was nearing the receipt of a final affirmative ruling before it could officially restart works in its Las Flores pipelines, that was ordered shut in 2015. According to the report, a US judge already allowed the company to move forward with certain preparatory steps, but it remains unauthorized to restart pending the receipt of a signed notice of compliance. Once in full swing, the company stands to benefit from the expansion of the artificial intelligence sector amid the continued growing demand in power from data centers. Copyright: Elnur / 123RF Stock Photo Earlier this week, President Donald Trump announced that the US would expect investments worth $92 billion in the AI and energy sectors over the next few years. He earlier pledged that the government would fast-track permits to support the aggressive expansion program. While we acknowledge the potential of SOC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. 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
18-07-2025
- Business
- Yahoo
Sable Offshore (SOC) Up 28.41% on Rosy Prospects from AI
We recently published . Sable Offshore Corp. (NYSE:SOC) is one of the top-performing companies on Thursday. Sable Offshore soared by 28.41 percent on Thursday to end at $28.34 apiece as investors gobbled up shares in the company following President Donald Trump's announcement of $92 billion worth of investments in the Artificial Intelligence and energy sectors. Sable Offshore Corp. (NYSE:SOC), an oil and gas company, is set to benefit indirectly from the investments amid the soaring demand for energy sources from power-hungry AI data centers. Additionally, Trump pledged in December last year that the US government would fast-track permits for energy and mega projects. Aerial view of a refinery tower surrounded by the sprawling landscape of pipelines in an oil & gas midstream facility. Further fueling sentiment, Roth Capital in a market note claimed that Sable Offshore Corp. (NYSE:SOC) is nearing the receipt of a final affirmative ruling in relation to the restart of its Las Flores pipelines in the 'very near future.' News reports also added that the court decision allowed Sable Offshore Corp. (NYSE:SOC) to move forward with certain preparatory steps for restarting the pipelines, but prohibits the actual restart pending the receipt of a signed notice of compliance. While we acknowledge the potential of SOC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Forbes
18-07-2025
- Business
- Forbes
Sable Offshore's Big Bet: Can It Justify A 28% Rise?
CANADA - 2025/06/04: In this photo illustration, the Sable Offshore logo is seen displayed on a ... More smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images) Sable Offshore (NYSE: SOC) has regained attention. The independent oil and gas operator from California, which manages offshore platforms and pipelines associated with its Santa Ynez Unit, witnessed its stock jump 28.4% on July 17, significantly surpassing the overall market performance. This surge follows the company's long-anticipated resumption of production in May 2025, alongside ambitious new guidance forecasting 40,000 to 50,000 barrels of oil equivalent per day (BOE/d) for the latter half of the year. This optimism has led to a significant reassessment of the stock, which is now priced around $28, up from approximately $22 just days prior. However, even with strong momentum, the underlying fundamentals remain precarious. SOC continues to operate at a loss, has a considerable $873 million debt burden, and is particularly vulnerable to fluctuations in oil prices and operational risks offshore. Despite these challenges, a $295 million equity raise has provided the company with some leeway, and optimistic analysts view this ramp-up as a stepping stone towards profitability. However, if you seek potential growth with less volatility than individual stocks, consider the High Quality portfolio, which has outperformed the S&P and achieved >91% returns since its inception. Additionally, refer to RGTI stock: Path to 10x Growth. Strong Revenue, Significant Losses In Q1 2025, SOC reported a net loss of $109.5 million (–$1.05 per share), failing to meet analyst forecasts. Nevertheless, revenue came in impressively strong at $78 million, demonstrating the initial effects of resumed oil flows. The loss was primarily attributed to restart-related operational expenses, increased interest costs, and non-cash adjustments related to warrants and financing activities. Motivated by robust early production from Platform Harmony, SOC elevated its output forecast for the second half of 2025 from 20,000–25,000 BOE/d to 40,000–50,000 BOE/d, nearly doubling previous estimates. Simultaneously, the company has moderated its expectations for per-barrel operational costs, indicating enhanced capital efficiency and potential margin improvements as production volumes increase. Is Sable Offshore Financially Secure? SOC's balance sheet reveals a mixed situation. On one side, the company possesses $189 million in cash, representing a healthy 12.1% of total assets, thereby offering a robust liquidity cushion. Conversely, its debt-to-equity ratio stands at 46.4%, more than double the S&P 500 average of 19.4%, indicating heightened financial risk in comparison to broader markets. While liquidity is manageable in the near term, the company's high leverage necessitates future profitability to maintain its capital structure, especially as production grows and interest obligations escalate. Valuation: Too Much, Too Fast? In spite of the operational advancements, SOC stock appears overvalued in relation to its fundamentals. It is trading at a premium compared to its peers, even while it continues to incur losses and relies on execution-focused production targets. Investors seem to be factoring in the best-case scenarios – a precarious position for a company with a limited recent operational track record and significant downside risks. The recent uptick may be hasty unless the company can consistently deliver production, manage expenses, and progress towards generating sustainable cash flow. A Smarter Approach to Market Engagement SOC represents a classic high-risk, high-reward energy investment — but at this valuation, the risk may overshadow the potential reward. Investing in a single stock involves considerable risk. You might consider the Trefis Reinforced Value (RV) Portfolio, which has achieved superior performance compared to its all-cap stock benchmark (a combination of the S&P 500, S&P mid-cap, and Russell 2000 benchmark indices)to deliver strong returns for investors. What accounts for this? The quarterly rebalanced composition of large-, mid-, and small-cap RV Portfolio stocks enables an adaptable approach to take advantage of favorable market conditions while mitigating losses during market downturns, as described in RV Portfolio performance metrics.
