Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Sable Offshore ( (SOC) ) just unveiled an update.
On May 21, 2025, Sable Offshore Corp. announced an underwritten public offering of 8,695,654 shares of common stock, priced at $29.50 per share, which was upsized from a previously announced $200 million offering. The offering closed on May 23, 2025, with net proceeds of approximately $283.2 million intended for capital expenditures, working capital, and general corporate purposes, potentially impacting the company’s operational capabilities and market position.
The most recent analyst rating on (SOC) stock is a Buy with a $46.00 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, focusing on the development of the Santa Ynez Unit in federal waters offshore California. The company is known for its extensive experience in safely operating within California.
Average Trading Volume: 1,856,702
Technical Sentiment Signal: Buy
Current Market Cap: $2.89B
For a thorough assessment of SOC stock, go to TipRanks’ Stock Analysis page.