Latest news with #SableOffshoreCorp.
Business Wire
11 hours ago
- Business
- Business Wire
Rosen Law Firm Encourages Sable Offshore Corp. Investors to Inquire About Securities Class Action Investigation
NEW YORK--(BUSINESS WIRE)--Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Sable Offshore Corp. (NYSE: SOC), including those who purchased shares pursuant to Sable Offshore Corp.'s May 2025 public offering, resulting from allegations that Sable Offshore Corp. may have issued materially misleading business information to the investing public. So What: If you purchased Sable Offshore Corp. securities, including pursuant to Sable Offshore Corp.'s May 2025 public offering, you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses. What to do next: To join the prospective class action, go to or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@ for information on the class action. What is this about: On May 28, 2025, published an article entitled 'Sable Offshore Corp stock sinks following court injunction.' The article stated that Sable Offshore Corp.'s stock had fallen after 'the California Coastal Commission was granted a preliminary injunction against the company's pipeline repair and maintenance activities within the coastal zone in unincorporated Santa Barbara County. The court's decision, which aligns with the Coastal Act's strict regulations on coastal development, has raised concerns about potential project delays and additional costs for Sable Offshore.' On this news, the price of Sable Offshore Corp. stock fell 15.3% on May 28, 2025. Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. At the time Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. Follow us for updates on LinkedIn: on Twitter: or on Facebook: Attorney Advertising. Prior results do not guarantee a similar outcome.
Yahoo
17-04-2025
- Business
- Yahoo
3 Growth Companies Insiders Own With Earnings Growth Up To 139%
In the current U.S. market, investors are navigating a landscape marked by mixed performance across major indices, with the S&P 500 and Nasdaq showing modest gains while the Dow Jones Industrial Average has faced downward pressure due to sector-specific challenges. Amid these fluctuations, growth companies with high insider ownership can offer unique insights into potential future performance, as insiders often have a deep understanding of their company's prospects and are willing to invest significantly in its success. Name Insider Ownership Earnings Growth Super Micro Computer (NasdaqGS:SMCI) 14.2% 29.8% Duolingo (NasdaqGS:DUOL) 14.4% 37.2% Hims & Hers Health (NYSE:HIMS) 13.3% 21.8% Credo Technology Group Holding (NasdaqGS:CRDO) 12.3% 64.8% Astera Labs (NasdaqGS:ALAB) 15.8% 61.4% Red Cat Holdings (NasdaqCM:RCAT) 19.4% 122.6% Niu Technologies (NasdaqGM:NIU) 36.2% 82.8% Clene (NasdaqCM:CLNN) 19.5% 63.1% Upstart Holdings (NasdaqGS:UPST) 12.7% 100.2% Credit Acceptance (NasdaqGS:CACC) 14.4% 33.8% Click here to see the full list of 198 stocks from our Fast Growing US Companies With High Insider Ownership screener. We're going to check out a few of the best picks from our screener tool. Simply Wall St Growth Rating: ★★★★☆☆ Overview: Himax Technologies, Inc. is a fabless semiconductor company that offers display imaging processing technologies across various regions including China, Taiwan, Korea, Japan, the United States, and internationally with a market cap of approximately $1.17 billion. Operations: The company's revenue is primarily derived from Driver IC products, contributing $751.33 million, and Non-Driver Products, which account for $155.48 million. Insider Ownership: 29.1% Earnings Growth Forecast: 24.2% p.a. Himax Technologies demonstrates potential as a growth company with high insider ownership, driven by expected annual earnings growth of 24.2%, surpassing the US market average. Despite its volatile share price, it trades at a favorable P/E ratio of 14.1x compared to the broader market. Recent strategic alliances, such as the MoU with Tata Electronics and Powerchip Semiconductor Manufacturing Corporation, aim to expand their display semiconductor and AI sensing solutions globally, enhancing market presence and innovation capabilities. Delve into the full analysis future growth report here for a deeper understanding of Himax Technologies. Our expertly prepared valuation report Himax Technologies implies its share price may be lower than expected. Simply Wall St Growth Rating: ★★★★★☆ Overview: Sable Offshore Corp. is an independent oil and gas company operating in the United States with a market cap of $1.77 billion. Operations: Sable Offshore Corp.'s revenue is derived from its independent oil and gas operations within the United States. Insider Ownership: 24.3% Earnings Growth Forecast: 139.2% p.a. Sable Offshore faces challenges despite its growth potential, with earnings forecast to grow 139.23% annually and revenue expected to increase by 77.2% per year, outpacing the US market. However, the company reported a significant net loss of US$629.07 million for 2024 and received an auditor's going concern warning. Trading at 77.6% below estimated fair value suggests potential upside if financial stability improves and profitability is achieved within three years as projected. Click to explore a detailed breakdown of our findings in Sable Offshore's earnings growth report. The analysis detailed in our Sable Offshore valuation report hints at an inflated share price compared to its estimated value. Simply Wall St Growth Rating: ★★★★☆☆ Overview: Vitesse Energy, Inc. focuses on acquiring, developing, and producing non-operated oil and natural gas properties in the United States with a market cap of approximately $771.57 million. Operations: The company's revenue comes entirely from its oil and gas exploration and production segment, which generated $220.50 million. Insider Ownership: 17.9% Earnings Growth Forecast: 31.2% p.a. Vitesse Energy has demonstrated strong growth potential, with earnings expected to increase by 31.2% annually, surpassing the US market's average. The company recently transitioned to profitability, reporting a net income of US$21.06 million for 2024 compared to a prior net loss. Despite past shareholder dilution, insider ownership remains significant and no recent insider trading activity has been reported. Vitesse is actively pursuing acquisitions, such as Lucero, which are anticipated to enhance financial metrics and support dividend increases. Navigate through the intricacies of Vitesse Energy with our comprehensive analyst estimates report here. Our valuation report unveils the possibility Vitesse Energy's shares may be trading at a discount. Unlock our comprehensive list of 198 Fast Growing US Companies With High Insider Ownership by clicking here. Seeking Other Investments? Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks analysis only considers stock directly held by insiders. It does not include indirectly owned stock through other vehicles such as corporate and/or trust entities. All forecast revenue and earnings growth rates quoted are in terms of annualised (per annum) growth rates over 1-3 years. Companies discussed in this article include NasdaqGS:HIMX NYSE:SOC and NYSE:VTS. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Yahoo
08-04-2025
- Politics
- Yahoo
Letters to the Editor: Oil company decision to bypass Coastal Commission years after spill is 'arrogant'
To the editor: Few communities know the devastation that oil drilling can produce as much as Santa Barbara ("Under Trump, Texas firm pushes to restart Santa Barbara oil drilling. Is it skirting California laws?" April 6). We have seen our beaches drenched in oil, our land despoiled and wildlife killed. Sable Offshore Corp. is full of promises that its operations will be safe and secure. Yet its arrogant actions to ignore cease-and-desist orders from the California Coastal Commission warn us that it cannot be trusted. America produces more oil and gas than any other country on Earth. Do we need to risk despoiling a pristine coastal area to get more? Despite the Trump administration's 'drill-baby-drill' policies, responsible world leaders are phasing out fossil fuels and transitioning to cheaper, safer renewable energy. The city of Santa Barbara's 2024 Climate Action Plan, 'Together to Zero,' provides a road map aimed at achieving carbon neutrality by 2035. There's no place in that plan for more oil and gas. Robert Taylor, Santa Barbara .. To the editor: I was a young mother in Santa Barbara at the time of the 1969 spill, a lawyer for Santa Barbara County at the time of the Exxon Alaska spill, when the county had to consider "tankering" of oil from offshore platforms, and I was a public member of the Coastal Commission in 2015, when the Refugio spill — the one from the same pipeline at issue now — poured from onshore, into the ocean, damaging 100 miles of coastline. This is exactly why we have a strong, statewide Coastal Act. Sable's claim that it doesn't need permits for repairs in environmentally sensitive habitat is specious, and it has preemptively sued the commission. Now that Sable has acquired Exxon's processing plant, as well as the pipeline — 10 years after the Refugio spill — for the sake of all our children, and grandchildren, all the permits should be revoked or deemed abandoned. Jana Zimmer, Santa Barbara .. To the editor: The 1969 Santa Barbara disaster, the 'environmental shot heard round the world,' helped lead to the founding of America's most powerful coastal regulatory agency, the California Coastal Commission. The agency was singular for many reasons. Foremost, it was birthed by the people in 1972's Proposition 20 and codified four years later with passage of the California Coastal Act. Oil drilling off our storied coast was thereby regulated. Texas-based Sable is working to unravel the commission's regulatory authority. We must fight this effort. Contact Sacramento officials. Remind them that our treasured coast is the soul of California. Tom Osborne, Laguna Beach ... To the editor: In the same April 6 edition of The Times there is an article about a Texas oil company trying to resume drilling off the coast of Santa Barbara and then a few pages later another article about an oil company that has been found liable for damaging coastal Louisiana ("Chevron ordered to pay more than $740 million to restore Louisiana coast in landmark trial," April 6). What's that definition of insanity again? Larry Harmell, Granada Hills This story originally appeared in Los Angeles Times.
Los Angeles Times
08-04-2025
- Politics
- Los Angeles Times
Letters to the Editor: Oil company decision to bypass Coastal Commission years after spill is ‘arrogant'
To the editor: Few communities know the devastation that oil drilling can produce as much as Santa Barbara ('Under Trump, Texas firm pushes to restart Santa Barbara oil drilling. Is it skirting California laws?' April 6). We have seen our beaches drenched in oil, our land despoiled and wildlife killed. Sable Offshore Corp. is full of promises that its operations will be safe and secure. Yet its arrogant actions to ignore cease-and-desist orders from the California Coastal Commission warn us that it cannot be trusted. America produces more oil and gas than any other country on Earth. Do we need to risk despoiling a pristine coastal area to get more? Despite the Trump administration's 'drill-baby-drill' policies, responsible world leaders are phasing out fossil fuels and transitioning to cheaper, safer renewable energy. The city of Santa Barbara's 2024 Climate Action Plan, 'Together to Zero,' provides a road map aimed at achieving carbon neutrality by 2035. There's no place in that plan for more oil and gas. Robert Taylor, Santa Barbara .. To the editor: I was a young mother in Santa Barbara at the time of the 1969 spill, a lawyer for Santa Barbara County at the time of the Exxon Alaska spill, when the county had to consider 'tankering' of oil from offshore platforms, and I was a public member of the Coastal Commission in 2015, when the Refugio spill — the one from the same pipeline at issue now — poured from onshore, into the ocean, damaging 100 miles of coastline. This is exactly why we have a strong, statewide Coastal Act. Sable's claim that it doesn't need permits for repairs in environmentally sensitive habitat is specious, and it has preemptively sued the commission. Now that Sable has acquired Exxon's processing plant, as well as the pipeline — 10 years after the Refugio spill — for the sake of all our children, and grandchildren, all the permits should be revoked or deemed abandoned. Jana Zimmer, Santa Barbara .. To the editor: The 1969 Santa Barbara disaster, the 'environmental shot heard round the world,' helped lead to the founding of America's most powerful coastal regulatory agency, the California Coastal Commission. The agency was singular for many reasons. Foremost, it was birthed by the people in 1972's Proposition 20 and codified four years later with passage of the California Coastal Act. Oil drilling off our storied coast was thereby regulated. Texas-based Sable is working to unravel the commission's regulatory authority. We must fight this effort. Contact Sacramento officials. Remind them that our treasured coast is the soul of California. Tom Osborne, Laguna Beach ... To the editor: In the same April 6 edition of The Times there is an article about a Texas oil company trying to resume drilling off the coast of Santa Barbara and then a few pages later another article about an oil company that has been found liable for damaging coastal Louisiana ('Chevron ordered to pay more than $740 million to restore Louisiana coast in landmark trial,' April 6). What's that definition of insanity again? Larry Harmell, Granada Hills
