Key Points
- COO James Caldwell Flores sold 40,743 shares on April 28 at an average price of $13.33 for $543,104; the filing says the sale was made to cover tax withholding on vested equity awards and he still holds 502,051 shares (~$6.69M), a 7.51% reduction.
- Flores and other insiders executed additional late‑April and March sales (39,311 on April 29 and 279,081 on March 31), with filings characterizing the transactions as routine tax‑related disposals rather than opportunistic exits, and insiders remain substantial holders.
- Sable Offshore shares are trading down recently, the stock has a market cap of about $2.07 billion, and analysts show mixed views with a consensus rating of "Hold" and an average target of $18, even after a recent EPS beat.
Sable Offshore Corp. (NYSE:SOC - Get Free Report) COO James Caldwell Flores sold 40,743 shares of the stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $13.33, for a total value of $543,104.19. Following the transaction, the chief operating officer owned 502,051 shares in the company, valued at approximately $6,692,339.83. This trade represents a 7.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
James Caldwell Flores also recently made the following trade(s):
- On Wednesday, April 29th, James Caldwell Flores sold 39,311 shares of Sable Offshore stock. The stock was sold at an average price of $13.56, for a total value of $533,057.16.
- On Tuesday, March 31st, James Caldwell Flores sold 279,081 shares of Sable Offshore stock. The stock was sold at an average price of $16.69, for a total value of $4,657,861.89.
Sable Offshore Trading Down 2.0%
Shares of NYSE SOC opened at $14.07 on Friday. The business's 50 day moving average is $13.96 and its 200-day moving average is $10.49. Sable Offshore Corp. has a 1-year low of $3.72 and a 1-year high of $35.00. 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 (NYSE:SOC - Get Free Report) last released its quarterly earnings results on Friday, February 27th. The company reported ($0.39) EPS for the quarter, beating the consensus estimate of ($0.59) by $0.20. Analysts forecast that Sable Offshore Corp. will post 1.47 EPS for the current year.
Wall Street Analyst Weigh In
Several research firms recently commented on SOC. Jefferies Financial Group decreased their price target on shares of Sable Offshore from $30.00 to $24.00 and set a "buy" rating on the stock in a research note on Wednesday, April 22nd. Wall Street Zen upgraded shares of Sable Offshore from a "strong sell" rating to a "sell" rating in a research note on Saturday, April 25th. Weiss Ratings restated a "sell (d-)" rating on shares of Sable Offshore in a research note on Friday, April 24th. Finally, Benchmark restated a "hold" rating on shares of Sable Offshore in a research note on Thursday, March 5th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $18.00.
View Our Latest Analysis on Sable Offshore
Institutional Investors Weigh In On Sable Offshore
A number of large investors have recently bought and sold shares of the company. NewEdge Advisors LLC boosted its holdings in shares of Sable Offshore by 36.2% in the 1st quarter. NewEdge Advisors LLC now owns 2,448 shares of the company's stock valued at $62,000 after purchasing an additional 650 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Sable Offshore by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,991 shares of the company's stock valued at $761,000 after purchasing an additional 1,271 shares in the last quarter. Fifth Third Bancorp acquired a new stake in shares of Sable Offshore in the 1st quarter valued at $29,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Sable Offshore by 3.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 61,886 shares of the company's stock valued at $559,000 after purchasing an additional 1,856 shares in the last quarter. Finally, Bleakley Financial Group LLC boosted its holdings in shares of Sable Offshore by 4.4% in the 3rd quarter. Bleakley Financial Group LLC now owns 50,949 shares of the company's stock valued at $890,000 after purchasing an additional 2,167 shares in the last quarter. 26.19% of the stock is currently owned by institutional investors and hedge funds.
Trending Headlines about 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. MarketBeat Research
- 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
(
Get Free Report)
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.
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