Roth Capital raised the firm’s price target on Sable Offshore (SOC) to $24 from $22 and keeps a Buy rating on the shares after the company announced that it resumed the flow of oil from its offshore oil platforms at the Santa Ynez unit through its offshore pipeline systems to its Las Flores Canyon facilities on March 14. Roth upped its 2026 earnings estimate by 26% to reflect Sable’s higher production and 2027 estimate by 5%. It cites the company’s higher cash flows for the target bump.
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