Roth Capital said Sable Offshore (SOC) is a high-growth company with low base declines, strong field margins, and a plan to return material amounts of capital to shareholders through a dividend and buyback. The firm told investors that the company’s current stock price weakness is a buying opportunity. Roth agrees with Sable’s assessment that it can receive the final approval from the California State Fire Marshal and restart its pipelines at SYU, because the company does not believe the Fire Marshal will be bound by the judge’s injunction order. The firm reiterated a Buy rating and $37 price target on Sable Offshore shares.
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Read More on SOC:
- California Coastal Commission gets preliminary injunction against Sable Offshore
- Sable Offshore Completes Hydrotesting for Pipeline Restart
- Sable Offshore Corp. Reports Q1 2025 Financial Results
- Sable Offshore price target raised to $38 from $36 at Jefferies
- Sable Offshore price target lowered to $37 from $38 at Roth Capital