Sable Offshore Corp. (NYSE:SOC) is a company that operates in the offshore drilling industry. It provides services related to the exploration and extraction of oil and gas from beneath the ocean floor. The company faces competition from other major players in the industry, which include Transocean and Noble Corporation. Despite the challenges in the sector, SOC remains a significant player with a notable market presence.
On November 3, 2025, Roth Capital set a price target of $28 for SOC, while the stock was trading at $7.55. This target suggests a potential upside of approximately 244.37%. Roth Capital sees the recent selloff in SOC shares as a buying opportunity, as highlighted by TheFly. This perspective is supported by the fact that SOC recently hit a new 52-week low, trading as low as $10.38 before closing at $10.43.
Despite the downturn, Roth Capital has reiterated a "buy" rating for SOC, setting a target price of $28.00. This is in contrast to Weiss Ratings, which has maintained a "sell (d-)" rating. The stock has an average rating of "Moderate Buy" from six equities research analysts, while two have issued a Sell rating. According to MarketBeat.com, the average target price for SOC is $28.20.
SOC's stock is currently priced at $7.27, reflecting a significant decrease of 30.50%, or $3.19. The stock has fluctuated between a low of $6.79 and a high of $9.98 during the day. Over the past year, SOC has reached a high of $35 and a low of $6.80. The company's market capitalization is approximately $723.4 million, with a trading volume of 16.6 million shares.
