Sable Offshore Corp. (NYSE:SOC) Short Interest Update

Sable Offshore Corp. (NYSE:SOC) saw a large increase in short interest in April. As of April 15th, there was short interest totaling 28,237,234 shares, an increase of 14.7% from the March 31st total of 24,624,255 shares. Based on an average daily volume of 4,359,401 shares, the short-interest ratio is presently 6.5 days. Currently, 30.1% of the company’s stock are short sold.

Sable Offshore Trading Down 2.0%

Shares of NYSE SOC opened at $14.07 on Friday. The firm has a market cap of $2.07 billion, a P/E ratio of -3.35 and a beta of -0.10. Sable Offshore has a 1-year low of $3.72 and a 1-year high of $35.00. The business’s 50 day moving average is $13.96 and its 200-day moving average is $10.49.

Sable Offshore (NYSE:SOC) last issued its earnings results on Friday, February 27th. The company reported ($0.39) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.59) by $0.20. Analysts forecast that Sable Offshore will post 1.47 EPS for the current year.

Wall Street Analysts Forecast Growth

SOC has been the topic of several research analyst reports. Jefferies Financial Group dropped their price objective on Sable Offshore from $30.00 to $24.00 and set a “buy” rating on the stock in a research note on Wednesday, April 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of Sable Offshore in a research note on Friday, April 24th. Wall Street Zen upgraded Sable Offshore from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 25th. Finally, Benchmark restated a “hold” rating on shares of Sable Offshore in a research note on Thursday, March 5th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $18.00.

Insider Transactions at Sable Offshore

In other news, COO James Caldwell Flores sold 39,311 shares of the company’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $13.56, for a total transaction of $533,057.16. Following the sale, the chief operating officer owned 562,740 shares in the company, valued at $7,630,754.40. This represents a 6.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Gregory D. Patrinely sold 39,311 shares of the company’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $13.56, for a total value of $533,057.16. Following the completion of the sale, the executive vice president owned 562,740 shares in the company, valued at $7,630,754.40. This represents a 6.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 1,077,406 shares of company stock worth $17,202,083 in the last 90 days. Corporate insiders own 36.36% of the company’s stock.

Institutional Investors Weigh In On Sable Offshore

A number of large investors have recently modified their holdings of SOC. HUB Investment Partners LLC acquired a new stake in shares of Sable Offshore during the 3rd quarter valued at $1,659,000. Union Square Park Capital Management LLC acquired a new stake in shares of Sable Offshore during the 3rd quarter valued at $2,383,000. CenterBook Partners LP acquired a new stake in shares of Sable Offshore during the 3rd quarter valued at $2,864,000. ANTIPODES PARTNERS Ltd acquired a new stake in shares of Sable Offshore during the 3rd quarter valued at $6,752,000. Finally, Trek Financial LLC acquired a new stake in shares of Sable Offshore during the 3rd quarter valued at $4,652,000. Institutional investors and hedge funds own 26.19% of the company’s stock.

Key Headlines Impacting Sable Offshore

Here are the key news stories impacting Sable Offshore this week:

• Positive Sentiment: Solid recent operational beat — Sable reported a narrower-than-expected quarterly loss (beat on EPS in February), which supports the case for eventual recovery as the company advances offshore development.
• Positive Sentiment: Analyst mix remains mixed but includes buy coverage (Jefferies retains a buy rating despite a lower target), and the consensus remains near a Hold — gives a floor for expectations among some institutions. Analyst Coverage Summary
• Neutral Sentiment: EVP Gregory D. Patrinely sold 39,311 shares (April 29) and 40,743 shares (April 28); filings show sales were to cover tax withholding on vested awards and he retains a substantial holding. Patrinely Form 4
• Neutral Sentiment: COO James Caldwell Flores sold 40,743 shares (April 28) to cover tax obligations tied to vested awards; the filing indicates routine tax-related sales rather than opportunistic exits. Flores Form 4
• Neutral Sentiment: Insider Anthony Duenner also executed scheduled sales in late April to cover tax withholding; insiders remain large holders overall. Duenner Form 4
• Neutral Sentiment: Broker consensus remains a “Hold,” which signals modest near-term upside in analysts’ models absent operational or commercial catalysts. Consensus Hold
• Negative Sentiment: Major governance/headline risk — reports say the CEO received a roughly $76 million pay package despite the company reporting no crude sales in 2025, raising investor concern over compensation vs. near-term production and value realization. CEO Pay Package
• Negative Sentiment: Market commentary highlights Sable as a focal point in a broader energy selloff; coverage emphasizes headline-driven volatility and execution risk as catalysts for further downside until clearer production or sales guidance is delivered. Kalkine Market Impact

About Sable Offshore

Sable Offshore (NYSE:SOC) is an independent upstream oil and natural gas company specializing in offshore hydrocarbon exploration and production. The company identifies and secures exploration and development rights, conducts detailed seismic interpretation, and advances offshore prospects through appraisal and development phases. Its focus on the offshore environment drives investments in specialized drilling techniques, subsea infrastructure and production facility design.

Core business activities include offshore seismic surveys, the drilling of exploration and appraisal wells, installation and operation of production platforms or subsea systems, and well intervention services.