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Analysis
Sable Offshore Corp. (SOC)
Sable Offshore Corp. (SOC)
Ranking:
Sell
Implies negative momentum
Stock Name: Sable Offshore Corp.
Symbol: SOC
Market Cap: $1.69B
Industry: Oil & Gas Drilling
Sector: Energy
Website: https://www.sableoffshore.com
About Sable Offshore Corp.

Sable Offshore Corp. engages in the oil and gas exploration and development activities in the United States. It operates through three platforms located offshore California and an onshore processing facility comprised of 16 federal leases across approximately 76,000 acres. The company was formerly known as Flame Acquisition Corp. and changed its name to Sable Offshore Corp. in February 2024. Sable Offshore Corp. was incorporated in 2020 and is based in Houston, Texas. Please visit their website for more information.

Overview:
Last Close: $20.65
52 Week: $-$
MVA50:
MVA200:
RSI:
Buy/Sell*:
1-Month change:
3-Month change:
*Proprietary Buy Sell Volume Indicator
Price Chart For SOC
Financial Parameters Most Recent Quarter: (2024-Q3),2024-09-30
Revenue: $0M
Revenue Growth (YOY): nan%
Profit (% of Rev): nan%
Income (% of Rev): -inf%
Income Growth (YOY): 2340.19%
Operating Income: $-55M
Operating Cash Flow: $-53M
Operating Cash Flow Growth (YoY): 9414.52%
Annual Dividend Yield: 0.00%
Total Assets: $1.47B
Total Liabilities: $1.31B
Cash & Equivalent: $288M
Total Debt: $0M
Debt/Equity: 0.00
Quick Ratio: 3.50
Current Ratio: 3.50
Price/Book: 8770.14
Price/Earnings: -1436.97
EBITDA: $-233M
EPS: -0.0041
Our Approach

Our proprietary analysis employs a weighted average approach integrating both functional and technical parameters, tailored to the sector, industry, and microeconomic factors. This methodology assigns dynamic weights to the parameters, with a focus on recent trends, ensuring a nuanced evaluation for informed investment decisions. Considering all the above parameters, in addition to some of the derived parameters of the stock in conjunction with its sector and macroeconomic conditions, our proprietary Weighted Average AI model gives a rank of Sell.

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