Sable Offshore (SOC) Projected to Release Quarterly Earnings on Tuesday

Sable Offshore (NYSE:SOC) is projected to announce its Q2 2026 results before the market opens on Tuesday, August 11th. Analysts expect the company to announce earnings of $0.3660 per share and revenue of $237.6470 million for the quarter. Parties can check the company’s upcoming Q2 2026 earning summary page for the latest details on the call scheduled for Wednesday, August 12, 2026 at 4:00 PM ET.

Sable Offshore (NYSE:SOC) last issued its earnings results on Wednesday, May 6th. The company reported ($1.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.52) by ($0.85). The company had revenue of $1.27 million for the quarter, compared to the consensus estimate of $16.10 million. On average, analysts expect Sable Offshore to post $-0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Sable Offshore Trading Down 6.6%

SOC stock traded down $0.32 on Tuesday, hitting $4.50. The company had a trading volume of 2,080,521 shares, compared to its average volume of 7,449,208. Sable Offshore has a 12-month low of $2.88 and a 12-month high of $31.74. The stock has a market cap of $694.62 million, a price-to-earnings ratio of -1.06 and a beta of -0.15. The stock’s 50-day simple moving average is $7.76 and its 200 day simple moving average is $10.97.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Alyeska Investment Group L.P. increased its stake in shares of Sable Offshore by 1,504.0% in the 4th quarter. Alyeska Investment Group L.P. now owns 11,091,773 shares of the company’s stock worth $100,048,000 after purchasing an additional 10,400,275 shares in the last quarter. FourWorld Capital Management LLC purchased a new position in Sable Offshore during the fourth quarter valued at $73,113,000. State Street Corp grew its holdings in Sable Offshore by 20.4% during the fourth quarter. State Street Corp now owns 3,775,884 shares of the company’s stock valued at $34,058,000 after purchasing an additional 639,677 shares during the period. Geode Capital Management LLC grew its holdings in Sable Offshore by 28.6% during the fourth quarter. Geode Capital Management LLC now owns 2,294,121 shares of the company’s stock valued at $20,699,000 after purchasing an additional 510,188 shares during the period. Finally, Whitefort Capital Management LP purchased a new stake in Sable Offshore in the fourth quarter worth about $17,235,000. Hedge funds and other institutional investors own 26.19% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on SOC. Zacks Research cut Sable Offshore from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 3rd. Benchmark reaffirmed a “hold” rating on shares of Sable Offshore in a report on Wednesday, July 8th. Roth Capital reduced their price objective on Sable Offshore from $22.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Wall Street Zen downgraded Sable Offshore from a “hold” rating to a “sell” rating in a report on Saturday, June 6th. Finally, Jefferies Financial Group dropped their target price on Sable Offshore from $24.00 to $11.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $15.33.

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.