Risk factor
Very high price volatility
Profitability factor
Strong growth
About
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.
Company Valuation
From both historical and forecast perspectives, the stock is fairly priced compared to similar stocks. In particular, the stock is underpriced on P/E.
Target Price
The average target price of SOC is 28 and suggests 88% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to increase