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Sable Offshore ( (SOC) ) has issued an update.
On November 3, 2025, Sable Offshore Corp. announced an amendment to its Senior Secured Term Loan Agreement with Exxon Mobil, which will extend the loan’s maturity date and increase the interest rate, contingent on certain conditions being met. The company is also advancing its Offshore Storage and Treating Vessel strategy for the Santa Ynez Unit, expecting to resume oil sales by late 2026, which could lead to cost savings and improved market positioning.
The most recent analyst rating on (SOC) stock is a Buy with a $28.00 price target. To see the full list of analyst forecasts on Sable Offshore stock, see the SOC Stock Forecast page.
More about Sable Offshore
Sable Offshore Corp. is an independent oil and gas company based in Houston, Texas, with a focus on developing the Santa Ynez Unit in federal waters offshore California. The company is committed to responsible operations and has extensive experience in safely managing projects in California.
Average Trading Volume: 4,481,887
Technical Sentiment Signal: Sell
Current Market Cap: $1.04B
For an in-depth examination of SOC stock, go to TipRanks’ Overview page.