Sable Offshore（SOC）株式概要セーブル・オフショア社は、米国で独立系の石油・ガス会社として操業している。 詳細SOC ファンダメンタル分析スノーフレーク・スコア評価4/6将来の成長5/6過去の実績0/6財務の健全性2/6配当金0/6報酬当社が推定した公正価値より98.3%で取引されている 収益は年間104%増加すると予測されています アナリストらは、株価が178.4%上昇するだろうとほぼ一致している。 リスク分析過去1年間で株主の希薄化は大幅に進んだ US市場と比較して、過去 3 か月間の株価の変動が非常に大きい意味のある収益がありません ( $1M )すべてのリスクチェックを見るSOC Community Fair Values Create NarrativeSee what 39 others think this stock is worth. Follow their fair value or set your own to get alerts.NEW473,263 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINRODA473,263 investors already sharing narrativesYour Fair ValueUS$Current PriceUS$4.6320.0k% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-766m12m2016201920222025202620282031Revenue US$12.0mEarnings US$1.7mAdvancedSet Fair ValueView all narrativesSable Offshore Corp. 競合他社Prairie OperatingSymbol: NasdaqCM:PROPMarket cap: US$71.3mDiversified EnergySymbol: NYSE:DECMarket cap: US$926.2mRiley Exploration PermianSymbol: NYSEAM:REPXMarket cap: US$730.3mInfinity Natural ResourcesSymbol: NYSE:INRMarket cap: US$810.7m価格と性能株価の高値、安値、推移の概要Sable Offshore過去の株価現在の株価US$4.7952週高値US$30.6052週安値US$2.88ベータ-0.141ヶ月の変化13.24%3ヶ月変化-62.72%1年変化-83.50%3年間の変化-53.76%5年間の変化-50.77%IPOからの変化-50.62%最新ニュースお知らせ • Jul 03Sable Offshore Corp. has completed a Follow-on Equity Offering in the amount of $100.000002 million.Sable Offshore Corp. has completed a Follow-on Equity Offering in the amount of $100.000002 million. Security Name: Common Stock Security Type: Common Stock Securities Offered: 32,467,533 Price\Range: $3.08 Discount Per Security: $0.154お知らせ • Jul 02Sable Offshore Corp. has filed a Follow-on Equity Offering in the amount of $100 million.Sable Offshore Corp. has filed a Follow-on Equity Offering in the amount of $100 million. Security Name: Common Stock Security Type: Common StockPrice Target Changed • Jul 01Price target decreased by 35% to US$18.00Down from US$27.67, the current price target is an average from 3 analysts. New target price is 309% above last closing price of US$4.40. Stock is down 81% over the past year. The company is forecast to post a net loss per share of US$0.15 next year compared to a net loss per share of US$4.18 last year.お知らせ • Jul 01Sable Offshore Corp. has completed a Follow-on Equity Offering in the amount of $100.000002 million.Sable Offshore Corp. has completed a Follow-on Equity Offering in the amount of $100.000002 million. Security Name: Common Stock Security Type: Common Stock Securities Offered: 32,467,533 Price\Range: $3.08ライブニュース • Jul 01Sable Offshore Targets $400 Million Equity and Notes Raise With $1 Billion Refinancing PlanSable Offshore plans to raise up to US$400 million through public offerings of US$100 million in common stock and US$300 million in convertible senior notes due 2031, alongside up to US$1 billion in new senior secured term loan facilities to refinance an existing term loan with Exxon Mobil. The transactions would significantly reshape Sable Offshore’s capital structure by adding convertible debt and new secured borrowing while repaying its current Exxon-backed facility, which concentrates attention on dilution risk and the company’s reliance on lenders. Sable Offshore’s share price recently traded at US$3.08, with the stock down 55.8% over the past day, reflecting a sharp reset in equity market value during this funding effort. The key issue to weigh is whether the balance sheet relief from refinancing and fresh capital offsets the dilutive impact and higher financial risk implied by the enlarged debt stack.New Risk • Jun 30New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$761m). Significant insider selling over the past 3 months (US$14m sold). Revenue is less than US$5m (US$1.3m revenue).最新情報をもっと見るRecent updatesお知らせ • Jul 03Sable Offshore Corp. has completed a Follow-on Equity Offering in the amount of $100.000002 million.Sable Offshore Corp. has completed a Follow-on Equity Offering in the amount of $100.000002 million. Security Name: Common Stock Security Type: Common Stock Securities Offered: 32,467,533 Price\Range: $3.08 Discount Per Security: $0.154お知らせ • Jul 02Sable Offshore Corp. has filed a Follow-on Equity Offering in the amount of $100 million.Sable Offshore Corp. has filed a Follow-on Equity Offering in the amount of $100 million. Security Name: Common Stock Security Type: Common StockPrice Target Changed • Jul 01Price target decreased by 35% to US$18.00Down from US$27.67, the current price target is an average from 3 analysts. New target price is 309% above last closing price of US$4.40. Stock is down 81% over the past year. The company is forecast to post a net loss per share of US$0.15 next year compared to a net loss per share of US$4.18 last year.お知らせ • Jul 01Sable Offshore Corp. has completed a Follow-on Equity Offering in the amount of $100.000002 million.Sable Offshore Corp. has completed a Follow-on Equity Offering in the amount of $100.000002 million. Security Name: Common Stock Security Type: Common Stock Securities Offered: 32,467,533 Price\Range: $3.08ライブニュース • Jul 01Sable Offshore Targets $400 Million Equity and Notes Raise With $1 Billion Refinancing PlanSable Offshore plans to raise up to US$400 million through public offerings of US$100 million in common stock and US$300 million in convertible senior notes due 2031, alongside up to US$1 billion in new senior secured term loan facilities to refinance an existing term loan with Exxon Mobil. The transactions would significantly reshape Sable Offshore’s capital structure by adding convertible debt and new secured borrowing while repaying its current Exxon-backed facility, which concentrates attention on dilution risk and the company’s reliance on lenders. Sable Offshore’s share price recently traded at US$3.08, with the stock down 55.8% over the past day, reflecting a sharp reset in equity market value during this funding effort. The key issue to weigh is whether the balance sheet relief from refinancing and fresh capital offsets the dilutive impact and higher financial risk implied by the enlarged debt stack.New Risk • Jun 30New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$761m). Significant insider selling over the past 3 months (US$14m sold). Revenue is less than US$5m (US$1.3m revenue).Seeking Alpha • Jun 30Sable Offshore: Uncertainty Makes This A Binary Play (Downgrade)Summary Sable Offshore Corp. faces severe uncertainty after a 55.8% stock drop due to a highly dilutive financing plan. Despite the potential for strong future EBITDA, SOC’s high leverage, negative cash flow, and costly debt refinancing create significant bankruptcy risk. Recent financing includes up to $460M in equity and convertible notes, plus a $675M term loan at a steep 15% rate. I downgrade SOC to ‘sell’ given unresolved financing terms, operational uncertainty, and a precarious regulatory and legal environment. Read the full article on Seeking Alpha分析記事 • Jun 20Sable Offshore (SOC) Stock Could Be 97.8% Below Fair Value After Reserve ReportsReports that the Trump administration is considering a major California petroleum reserve have put Sable Offshore (SOC) in focus, with investors weighing what potential supplier status and federal support could mean for long term operations. See our latest analysis for Sable Offshore. The renewed attention on Sable Offshore comes after a sharp reset in sentiment, with the stock down about 30% on a 1 month share price basis and the 1 year total shareholder return declining around 54%. This...ライブニュース • Jun 18Sable Offshore Stock Draws Attention on Potential Role in California Petroleum ReserveRoth Capital reiterated its Buy rating on Sable Offshore (NYSE:SOC) following reports that the Trump administration is weighing a major petroleum reserve in California. The firm highlighted a "reasonable likelihood" that Sable Offshore could become a key supplier to this proposed reserve. Reports indicate Energy Secretary Chris Wright may consider using eminent domain to secure Sable Offshore operations located on California state property if the company is designated as a key supplier. This potential role in a California petroleum reserve would place Sable Offshore closer to federal energy policy decisions, which could influence contract visibility, regulatory oversight and public scrutiny. Investors may want to watch for confirmation of Sable Offshore’s involvement, details of any supply commitments and the legal or political risks tied to eminent domain actions on state property.ライブニュース • Jun 11Sable Offshore Outlines Santa Ynez Reserves and Debt Plans as Legal Risks Pressure SharesSable Offshore reported estimated proved, probable and possible reserves of 659 million barrels of oil equivalent at its Santa Ynez Unit as of May 31, 2026, with a PV-10 valuation of US$6.07b based on Brent strip pricing. The company outlined plans to lift gross production at Santa Ynez to about 62,000 Boe per day by 2027, supported by two operating platforms and a third expected online in Q3 2026, and is targeting net production of 47,500 to 52,500 Boe per day through 2027 and 2028. Sable is working to refinance a US$1b Exxon term loan due June 2026 at a proposed 15% interest rate and 20% amortization schedule, while also facing a formal inquiry from lawmakers over its use of the Defense Production Act and ongoing legal barriers to selling or transporting hydrocarbons from California operations. The combination of large booked reserves, detailed production plans and an active refinancing effort provides clearer visibility into how Sable is positioning its Santa Ynez assets. However, the high proposed interest cost and amortization terms indicate a heavy financial burden if the new debt proceeds as discussed. At the same time, legal and political challenges tied to California offshore drilling introduce material execution risk, since current obstacles to hydrocarbon sales and transportation could affect cash flow just as the company takes on or restructures significant debt.Breakeven Date Change • Jun 04Forecast breakeven date pushed back to 2027The 3 analysts covering Sable Offshore previously expected the company to break even in 2026. New consensus forecast suggests losses will reduce by 97% to 2026. The company is expected to make a profit of US$415.6m in 2027. Average annual earnings growth of 122% is required to achieve expected profit on schedule.ライブニュース • Jun 02Sable Offshore Shares Fall as Santa Ynez Reserves Unveiled and Pipeline Questions PersistSable Offshore released an updated reserves and operations outlook for its Santa Ynez Unit, citing net reserves of 659 million barrels of oil equivalent with a PV-10 valuation of US$6.07b based on Brent strip pricing. The company targets a fully ramped gross production rate of about 62,000 Boe per day by 2027, with projected adjusted EBITDA between US$738m and US$985m. It is also planning to refinance its Exxon term loan maturing in June 2026 and to add commodity hedges. Shares recently fell 11.13% after lawmakers questioned Sable’s efforts to restart offshore production near Santa Barbara and its reliance on the Defense Production Act, requesting internal records dating back to January 2024. The combination of large certified reserves, a defined production ramp-up plan, and upcoming refinancing needs places a spotlight on execution risk and, in particular, on how federal and state regulatory tensions around the Santa Ynez pipeline system are resolved. For investors, the key swing factors are progress on bringing the Hondo platform online, clarity around PHMSA’s oversight of the pipeline, and any outcome from the lawmakers’ inquiry that could affect timing, costs, or conditions attached to future production and cash flow.New Risk • May 07New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$761m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$761m free cash flow). Shareholders have been substantially diluted in the past year (65% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Significant insider selling over the past 3 months (US$14m sold). Revenue is less than US$5m (US$1.3m revenue).お知らせ • May 05Sable Offshore Corp., Annual General Meeting, Jun 10, 2026Sable Offshore Corp., Annual General Meeting, Jun 10, 2026.Recent Insider Transactions • Apr 07Executive VP recently sold US$4.7m worth of stockOn the 31st of March, Anthony Duenner sold around 279k shares on-market at roughly US$16.69 per share. This transaction amounted to 35% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$9.3m more than they bought in the last 12 months.Breakeven Date Change • Mar 31Forecast breakeven date moved forward to 2026The 3 analysts covering Sable Offshore previously expected the company to break even in 2027. New consensus forecast suggests the company will make a profit of US$160.2m in 2026. Earnings growth of 92% is required to achieve expected profit on schedule.Major Estimate Revision • Mar 31Consensus EPS estimates upgraded to US$0.58 lossThe consensus outlook for fiscal year 2026 has been updated. 2026 losses forecast to reduce from -US$2.23 to -US$0.583 per share. Revenue forecast unchanged from US$438.5m at last update. Oil and Gas industry in the US expected to see average net income growth of 26% next year. Consensus price target up from US$26.00 to US$31.50. Share price rose 13% to US$17.84 over the past week.Price Target Changed • Mar 25Price target increased by 12% to US$28.50Up from US$25.50, the current price target is an average from 4 analysts. New target price is 61% above last closing price of US$17.69. Stock is down 32% over the past year. The company is forecast to post a net loss per share of US$2.23 next year compared to a net loss per share of US$4.18 last year.Major Estimate Revision • Mar 17Consensus revenue estimates increase by 12%, EPS downgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from US$313.8m to US$350.3m. EPS estimate fell from -US$1.09 to -US$2.23 per share. Oil and Gas industry in the US expected to see average net income growth of 15% next year. Consensus price target broadly unchanged at US$26.00. Share price rose 20% to US$17.23 over the past week.Breakeven Date Change • Mar 01Forecast breakeven date moved forward to 2026The 3 analysts covering Sable Offshore previously expected the company to break even in 2027. New consensus forecast suggests the company will make a profit of US$6.80m in 2026. Average annual earnings growth of 92% is required to achieve expected profit on schedule.お知らせ • Feb 03Sable Offshore Corp. has filed a Follow-on Equity Offering in the amount of $250 million.Sable Offshore Corp. has filed a Follow-on Equity Offering in the amount of $250 million. Security Name: Common Stock Security Type: Common Stock Transaction Features: At the Market OfferingPrice Target Changed • Jan 21Price target increased by 15% to US$24.40Up from US$21.20, the current price target is an average from 5 analysts. New target price is 111% above last closing price of US$11.58. Stock is down 59% over the past year. The company is forecast to post a net loss per share of US$4.16 next year compared to a net loss per share of US$9.21 last year.お知らせ • Nov 27Sable Offshore Corp. Announces Executive Changes, Effective November 20, 2025On November 20, 2025, Sable Offshore Corp. announced a series of management changes. The changes include the promotion of J. Caldwell Flores, the current President of the Company, to President and Chief Operating Officer of the Company. Mr. Flores is an executive officer of the Company, as such term is defined in Rule 3b-7 promulgated under the Securities Exchange Act of 1934, as amended, and additional biographical information about Mr. Flores can be found in the Company’s definitive proxy statement for the 2025 annual meeting of shareholders, filed with the Securities and Exchange Commission on April 17, 2025. In connection with these management changes, Doss Bourgeois transitioned from Executive Vice President and Chief Operating Officer of the Company to Vice Chairman of the Company, effective November 20, 2025. The Company also made the below appointments and changes, effective November 20, 2025. None of the individuals listed below is an executive officer of the Company, as such term is defined in Rule 3b-7 promulgated under the Exchange Act. Trent Fontenot: Senior Vice President of Operations; Brian Broussard: Senior Vice President of Development; Byron Olson: Vice President, Reservoir Engineering.お知らせ • Nov 10Sable Offshore Corp. announced that it expects to receive $250.000003 million in fundingSable Offshore Corp. announced that it has entered into subscription agreements to issue 45,454,546 common shares at an issue price of $5.50 per share for gross proceeds of $250,000,003 before deducting placement agent fees and other offering expenses on November 10, 2025. The transaction includes participation from institutional investors. The private placement is expected to close on November 12, 2025, subject to the satisfaction of customary closing conditions. The shares of common stock being issued and sold in the private placement have not been registered under the Securities Act of 1933, as amended, or applicable state securities laws and may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements. Sable has agreed to file a registration statement to register the resale of the shares of common stock being sold in the private placement.Breakeven Date Change • Nov 04Forecast breakeven date pushed back to 2027The 3 analysts covering Sable Offshore previously expected the company to break even in 2026. New consensus forecast suggests losses will reduce by 99% per year to 2026. The company is expected to make a profit of US$403.7m in 2027. Average annual earnings growth of 93% is required to achieve expected profit on schedule.お知らせ • Oct 15Sable Offshore Corp. Announces Statement on California Coastal Commission LitigationSable Offshore Corp. provided an update regarding its ongoing litigation with the California Coastal Commission (“Coastal Commission”). In the Santa Barbara Superior Court’s tentative ruling released on October 14, 2025, the court indicated that it will deny Sable’s claims against the Coastal Commission. Sable vigorously disagrees with the court’s tentative ruling. If adopted after the court’s hearing scheduled on October 15, the ruling would have no impact on the resumption of petroleum transportation through the Las Flores Pipeline System. Additionally, oil and gas production from the federal Santa Ynez Unit and the flow of petroleum from the Santa Ynez Unit to the Las Flores Canyon processing facilities or to a potential Offshore Storage & Treating Vessel (“OS&T”) would be unaffected by rulings in the Coastal Commission litigation. Sable nevertheless intends to appeal this ruling to the California Court of Appeal if the ruling is adopted by the Santa Barbara Superior Court. Sable is suing the Coastal Commission for the damages it has caused Sable by erroneously issuing cease and desist orders during Sable’s anomaly repair program on the Las Flores Pipeline System. The anomaly repair program and hydrotesting of the Las Flores Pipeline System was completed in May 2025 in accordance with the Federal Consent Decree. Sable intends to continue its pursuit of the writ of mandate in the Court of Appeal as well as declaratory relief and inverse condemnation claims in excess of approximately $347 million. Sable continues to work diligently with the State of California to safely and responsibly resume petroleum transportation through the Las Flores Pipeline System in accordance with the Federal Consent Decree. Continued delays in approving the Restart Plans for the Las Flores Pipeline System could prompt Sable to pursue the accelerated OS&T strategy, which was utilized to process Santa Ynez Unit production in federal waters from 1981 – 1994. During that time period, the Santa Ynez Unit produced over 160 million barrels of oil equivalent. Regardless of whether California approves the resumption of petroleum transportation through the Las Flores Pipeline System, Sable plans to pursue the OS&T strategy which Sable believes will allow it to refinance its existing term loan.New Risk • Aug 13New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -US$473m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$473m). Share price has been volatile over the past 3 months (13% average weekly change).お知らせ • Aug 08Levi & Korsinsky, LLP Notifies Investors in Sable Offshore Corp. of A Class Action Securities LawsuitLevi & Korsinsky, LLP notifies investors in Sable Offshore Corp. of a class action securities lawsuit. The lawsuit seeks to recover losses on behalf of Sable Offshore Corp. investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of persons or entities who purchased or otherwise acquired publicly traded Sable Offshore securities between May 19, 2025 and June 3, 2025, inclusive, and/or pursuant and/or traceable to the Company's May 21, 2025 secondary public offering. The filed complaint alleges that defendants made false statements and/or concealed that: (1) defendants represented that Sable Offshore Corp. had restarted oil production off the coast of California when it had not; and (2) as a result, defendants statements about Sables business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.お知らせ • Jul 11Sable Offshore Corp. Files Notice of Appeal of the Superior Court's May 28, 2025 Order Granting Application for Preliminary InjunctionOn July 9, 2025, in the matter of Sable Offshore Corp., et al. v. California Coastal Commission, et al., the Santa Barbara County Superior Court denied a motion to stay the California Coastal Commission’s April 10, 2025 Cease and Desist Order regarding Sable Offshore Corp.’s maintenance and repair work in the coastal zone. Also on July 9, 2025, Sable filed a Notice of Appeal of the Superior Court’s May 28, 2025 Order Granting Application for Preliminary Injunction. Sable intends to prosecute this appeal in the California Court of Appeal in an effort to lift the Order. Sable continues to produce from the Santa Ynez Unit and flow to the crude oil storage tanks at Las Flores Canyon in anticipation of receiving approval to restart the Las Flores Pipeline System, with first oil sales expected August 1, 2025.お知らせ • Jun 30+ 3 more updatesSable Offshore Corp.(NYSE:SOC) dropped from Russell Microcap IndexSable Offshore Corp.(NYSE:SOC) dropped from Russell Microcap Indexお知らせ • May 22+ 1 more updateSable Offshore Corp. has completed a Follow-on Equity Offering in the amount of $256.521793 million.Sable Offshore Corp. has completed a Follow-on Equity Offering in the amount of $256.521793 million. Security Name: Common Stock Security Type: Common Stock Securities Offered: 8,695,654 Price\Range: $29.5 Discount Per Security: $1.18お知らせ • May 20Sable Offshore Corp. Updates Production Guidance for the Second Half of 2025Sable Offshore Corp. updated production guidance for the second half of 2025. For the period, the company expects Net Average Daily Production of 40,000 BOE/D to 50,000 BOE/D against 20,000 BOE/D to 25,000 BOE/D.Price Target Changed • May 19Price target increased by 9.9% to US$31.33Up from US$28.50, the current price target is an average from 6 analysts. New target price is 5.1% below last closing price of US$33.02. Stock is up 143% over the past year. The company is forecast to post a net loss per share of US$0.16 next year compared to a net loss per share of US$9.21 last year.Price Target Changed • May 16Price target increased by 13% to US$32.20Up from US$28.50, the current price target is an average from 5 analysts. New target price is 12% above last closing price of US$28.86. Stock is up 110% over the past year. The company is forecast to post a net loss per share of US$1.68 next year compared to a net loss per share of US$9.21 last year.New Risk • May 12New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -US$310m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (49% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$310m). Share price has been volatile over the past 3 months (14% average weekly change).New Risk • May 05New major risk - Revenue and earnings growthEarnings have declined by 104% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 104% per year over the past 5 years. Shareholders have been substantially diluted in the past year (48% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Share price has been volatile over the past 3 months (14% average weekly change).お知らせ • Apr 19Sable Offshore Corp., Annual General Meeting, Jun 11, 2025Sable Offshore Corp., Annual General Meeting, Jun 11, 2025.Breakeven Date Change • Mar 27Forecast breakeven date pushed back to 2026The 2 analysts covering Sable Offshore previously expected the company to break even in 2025. New consensus forecast suggests losses will reduce by 91% to 2025. The company is expected to make a profit of US$145.7m in 2026. Average annual earnings growth of 117% is required to achieve expected profit on schedule.お知らせ • Mar 19Sable Offshore Corp. Auditor Raises 'Going Concern' DoubtSable Offshore Corp. filed its 10-K on Mar 17, 2025 for the period ending Dec 31, 2024. In this report its auditor, Ham, Langston & Brezina, LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.お知らせ • Mar 18Sable Offshore Corp. Provides Production Guidance for the Second Half of 2025Sable Offshore Corp. provided production guidance for the second half of 2025. For the period, the company expects Net Average Daily Production of 20,000 BOE/D ? 25,000 BOE/D.Price Target Changed • Feb 18Price target increased by 12% to US$28.80Up from US$25.80, the current price target is an average from 5 analysts. New target price is 8.0% below last closing price of US$31.31. Stock is up 161% over the past year. The company is forecast to post a net loss per share of US$6.14 next year compared to a net loss per share of US$1.78 last year.New Risk • Feb 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (over 5x increase in shares outstanding). Revenue is less than US$1m. Minor Risk Share price has been volatile over the past 3 months (13% average weekly change).Seeking Alpha • Jan 23Sable Offshore: Too Much Uncertainty For ComfortSummary Sable Offshore Corp. shares spiked 7.9% on January 22nd, with no specific news identified; the stock is up 127.6% since February 2024. The company has significant upside potential but faces regulatory challenges and uncertainty, leading me to rate it a “hold” for cautious investors. Sable Offshore's main asset is the Santa Ynez field, acquired from ExxonMobil, with 646 million boe in reserves but dormant since a 2015 oil spill. Despite potential production plans, the company's future economics are unclear, making SOC stock a speculative investment compared to its peers. Read the full article on Seeking Alphaお知らせ • Jan 02Sable Offshore Corp. Provides Update on Litigation StatusSable Offshore Corp. provided an update on the previously disclosed Center for Biological Diversity et al. v. Debra Haaland et al. lawsuit (the “Haaland lawsuit”). On December 20, 2024, the U.S. Department of Justice (in its capacity as counsel for the U.S. Bureau of Safety and Environmental Enforcement, or “BSEE”) filed a motion to remand without vacatur the Haaland lawsuit to BSEE for BSEE to reconsider its 2023 decision approving an extension to resume operations on the leases for the Santa Ynez Unit. Assuming the motion is granted, Sable intends to cooperate with the government to facilitate an expeditious review and that the government’s prior extensions to resume operations were both appropriate and authorized. Moreover, under the government’s proposed remand, Sable’s operations on the Santa Ynez Unit remain unaffected. In the event that any non-governmental third party attempts to unlawfully interfere with Sable from restarting the Santa Ynez Unit, which contains net estimated contingent resources currently valued at over $10 billion, Sable is prepared to vigorously pursue all available legal remedies.Seeking Alpha • Dec 23Sable Offshore Is In The Final HourSummary Sable Offshore is progressing toward restarting operations. Despite political challenges and lower oil prices, Sable has attracted institutional ownership, providing price support for SOC shares. Sable is targeting to begin producing in 2025, aiming to produce 25-29Mboe/d in 2025, potentially generating $575mm in net revenue. Once operational, Sable is targeting peak production by 2030 at 50Mboe/d+. Read the full article on Seeking AlphaRecent Insider Transactions Derivative • Oct 25Executive VP exercised options to buy US$1.0m worth of stock.On the 23rd of October, Anthony Duenner exercised options to buy 50k shares at a strike price of around US$11.50, costing a total of US$575k. This transaction amounted to 6.7% of their direct individual holding at the time of the trade. Anthony now holds 750.00k shares directly in their own name. Company insiders have collectively sold US$381k more than they bought, via options and on-market transactions in the last 12 months.New Risk • Oct 24New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: US$332m Forecast net loss in 1 year: US$82m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Shareholders have been substantially diluted in the past year (423% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Currently unprofitable and not forecast to become profitable next year (US$82m net loss next year).Board Change • Oct 15Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Director Michael Dillard was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Price Target Changed • Sep 24Price target increased by 15% to US$31.33Up from US$27.33, the current price target is an average from 3 analysts. New target price is 27% above last closing price of US$24.73. Stock is up 137% over the past year. The company is forecast to post a net loss per share of US$6.06 next year compared to a net loss per share of US$1.78 last year.お知らせ • Sep 20Sable Offshore Corp. announced that it expects to receive $150 million in fundingSable Offshore Corp. announced it has entered into subscription agreements to issue 7,500,000 shares of its common stock in a private placement to institutional investors for gross proceeds of approximately $150 million. The private placement is expected to close on September 23, 2024New Risk • Sep 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (315% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Significant insider selling over the past 3 months (US$1.2m sold).Recent Insider Transactions • Jun 10Independent Director recently sold US$1.2m worth of stockOn the 5th of June, Gregory Pipkin sold around 82k shares on-market at roughly US$14.66 per share. This transaction amounted to 49% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$2.7m. Insiders have been net sellers, collectively disposing of US$956k more than they bought in the last 12 months.お知らせ • May 26U.S. Department of the Interior Bureau of Ocean Energy Management and U.S. Department of the Interior Bureau of Safety and Environmental Enforcement Approves Assignments of Record Title Interest from Exxon Mobil Corporation to Sable Offshore CorpOn May 21, 2024, the U.S. Department of the Interior Bureau of Ocean Energy Management (“BOEM”) approved Assignments of Record Title Interest from Exxon Mobil Corporation to Sable Offshore Corp. in 16 Federal Oil and Gas Leases comprising the Santa Ynez Unit. On May 22, 2024, the U.S. Department of the Interior Bureau of Safety and Environmental Enforcement (“BSEE”) approved Sable Offshore Corp. as Operator of the Santa Ynez Unit. The unit covers approximately 76,000 acres situated offshore California in the Pacific Region of the United States Outer Continental Shelf.Recent Insider Transactions • May 23Executive VP & COO recently sold US$2.7m worth of stockOn the 21st of May, Doss Bourgeois sold around 200k shares on-market at roughly US$13.49 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Doss' only on-market trade for the last 12 months.Seeking Alpha • May 07Sable Offshore May Face Challenges Going Into First ProductionSummary Sable Offshore is an integrated oil company with assets in the California market, including the Santa Ynez Field and Las Flores Canyon Processing Facility. The company faces significant operational and political risks as it seeks final approval to restart production after being idled since 2014 due to a pipeline leak. If successful, the firm can offer significant upside potential; however, given the political climate in California, I believe that management is underestimating the timeline to first oil. Read the full article on Seeking AlphaRecent Insider Transactions • Feb 19Chairman & CEO recently bought US$200k worth of stockOn the 13th of February, James Flores bought around 18k shares on-market at roughly US$11.43 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was James' only on-market trade for the last 12 months.New Risk • Feb 18New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 67% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Negative equity (-US$26m). Shareholders have been substantially diluted in the past year (67% increase in shares outstanding). Revenue is less than US$1m.お知らせ • Feb 16+ 1 more updateFlame Acquisition Corp. (NYSE:SOC) completed the acquisition of Sable Offshore Corp.Flame Acquisition Corp. (NYSE:SOC) entered into a business combination to acquire Sable Offshore Corp. for $29.9 million on November 2, 2022. As per the terms of the transaction, all of the limited liability company membership interests in Sable will be converted into the right to receive 3,000,000 shares of Flame Class A common stock. In a related transaction, Sable Offshore Corp. entered into a Purchase and Sale Agreement to acquire certain assets constituting the Santa Ynez field in Federal waters offshore California and associated onshore processing and pipeline assets from Exxon Mobil Corporation and Mobil Pacific Pipeline Company on November 1, 2022. After giving effect to the business combination, the company will be named Sable Offshore Corp. The Flame Board will continue to be composed of four members. Upon completion of the Business Combination, James C. Flores will continue to serve as the Chief Executive Officer of New Sable and the New Sable Board will be composed of four members. Sable Offshore Corp. reported total assets of $2129.044 million, net assets of $1780.878 million, loss from operation of $109.988 million and net loss of $109.710 million for the year ended December 31, 2021.The transaction is subject to certain closing conditions, including the expiration of applicable waiting periods under the HSR Act, the proxy statement shall have received SEC clearance, the receipt of required approvals of Flame’s stockholders, Flame having at least $5,000,001 of net tangible assets, the Flame Class A common stock to be issued in connection with the transactions shall have been approved for listing on NYSE, execution and delivery of the ancillary agreements including Letter of Transmittal, Registration Rights Agreement, the Subscription Agreements, and any other agreement, The Flame Board has unanimously approved the merger agreement and the Flame Board unanimously recommends that stockholders vote for the merger. In addition, the board of directors of Sable approved the merger agreement. The Flame Board formed a special committee comprised of Michael Dillard, Gregory Pipkin and Christopher Sarofim, the independent directors serving on the Flame Board to analyze, negotiate and make recommendations to the Flame Board and Flame stockholders regarding the business combination. As on February 27, 2023, the special meeting of Flame stockholders approved the proposal to amend Flame’s amended and restated certificate of incorporation to extend the date by which Flame has to consummate a business combination from March 1, 2023 to September 1, 2023. As of December 20, 2023, the transaction is expected to close on February 1, 2024. As of February 12, 2024, Flame Acquisition Corp. shareholders approved the merger and the closing of the business combination is expected to occur on or about February 14, 2024.Petrie Partners Securities, LLC is serving as financial advisor and fairness opinion provider to the board of directors of Flame. Cowen and Company, LLC, Intrepid Partners, LLC and Jefferies LLC are serving as joint financial advisors to Sable. Cowen, Intrepid and Jefferies are serving as joint placement agents in connection with the Sable PIPE Investment. Ryan Maierson, Stephen Szalkowski, Matthew Jones, Bryant Lee, Jason Cruise, Peter Todaro, Adam Kestenbaum, Janice Schneider, Joshua Bledsoe and Jim Cole of Latham & Watkins LLP is serving as legal counsel to Flame. Latham & Watkins LLP also provided due diligence services to Flame. Jason Jean, G. Alan Rafte, Molly E. Butkus, Heather L. Brown, Jason B. Hutt, Jonathan K. Hance, Steven J. Lorch, Matthew B. Grunert, Elizabeth L. McGinley, Robert S. Nichols, Daniel W. Areshenko, Jacqueline R. Java and Troy Harder of Bracewell LLP are serving as legal counsel to Sable. Bracewell also provided due diligence services to Sable. Kirkland & Ellis LLP is serving as legal counsel to Cowen, Intrepid and Jefferies. American Stock Transfer & Trust Company, LLC acted as transfer agent to Flame. Flame have engaged D.F. King & Co., Inc. to assist in the solicitation of proxies for a fee of $18,000. Pursuant to its engagement letter, Petrie Partners received a work fee of $100,000. Petrie Partners also earned an opinion fee of $1,000,000 upon the rendering of its fairness opinion to the Flame Board.Flame Acquisition Corp. (NYSE:SOC) completed the acquisition of Sable Offshore Corp. on February 14, 2024. In connection with the Closing, the Company changed its name from Flame Acquisition Corp. to Sable Offshore Corp. The Common Stock and warrants will commence trading on the New York Stock Exchange (“NYSE”) under the symbols “SOC” and “SOC.WS,” respectively, on February 15, 2024, subject to ongoing review of the Company’s satisfaction of all listing criteria following the Business Combination.お知らせ • Feb 08Flame Acquisition Corp. announced that it expects to receive $0.535 million in funding from Flame Acquisition Sponsor LLCFlame Acquisition Corp. announced a private placement of $535,000 in debt round of funding on February 6, 2023. The company issued unsecured promissory note in the transaction. The transaction included participation from returning investor Flame Acquisition Sponsor LLC.Board Change • Dec 31High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Chairman, CEO & President James Flores is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.Recent Insider Transactions • Dec 11Chairman recently bought US$76k worth of stockOn the 6th of December, James Flores bought around 8k shares on-market at roughly US$10.10 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was James' only on-market trade for the last 12 months.株主還元SOCUS Oil and GasUS 市場7D6.9%-1.6%3.5%1Y-83.5%32.5%20.5%株主還元を見る業界別リターン: SOC過去 1 年間で32.5 % の収益を上げたUS Oil and Gas業界を下回りました。リターン対市場: SOCは、過去 1 年間で20.5 % のリターンを上げたUS市場を下回りました。価格変動Is SOC's price volatile compared to industry and market?SOC volatilitySOC Average Weekly Movement24.0%Oil and Gas Industry Average Movement5.9%Market Average Movement7.3%10% most volatile stocks in US Market16.1%10% least volatile stocks in US Market3.1%安定した株価: SOCの株価は、 US市場と比較して過去 3 か月間で変動しています。時間の経過による変動: SOCの weekly volatility ( 24% ) は過去 1 年間安定していますが、依然としてUSの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト2020200James Floreswww.sableoffshore.comセーブル・オフショア社は、米国で独立系石油・ガス会社として操業している。同社は、カリフォルニア州沖合の連邦水域に位置する3つのプラットフォームを通じて操業している。また、約76,000エーカーに及ぶ16の連邦鉱区と、原油、天然ガス、生産水をプラットフォームから陸上処理施設へ輸送する海底パイプラインを所有・運営している。同社は以前、Flame Acquisition Corp.として知られていたが、2024年2月にSable Offshore Corp.に社名を変更した。Sable Offshore Corp.は2020年に設立され、テキサス州ヒューストンに本社を置いている。もっと見るSable Offshore Corp. 基礎のまとめSable Offshore の収益と売上を時価総額と比較するとどうか。SOC 基礎統計学時価総額US$887.57m収益（TTM）-US$497.64m売上高(TTM)US$1.27m722.5xP/Sレシオ-1.8xPER（株価収益率SOC は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計SOC 損益計算書（TTM）収益US$1.27m売上原価US$252.79m売上総利益-US$251.52mその他の費用US$246.13m収益-US$497.64m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）-2.60グロス・マージン-19,788.91%純利益率-39,153.74%有利子負債／自己資本比率226.7%SOC の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/08/06 09:49終値2026/08/06 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Sable Offshore Corp. 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。4 アナリスト機関Subhasish ChandraBenchmark CompanyFrancis Lloyd ByrneJefferies LLCCharles MeadeJohnson Rice & Company, L.L.C.1 その他のアナリストを表示
お知らせ • Jul 03Sable Offshore Corp. has completed a Follow-on Equity Offering in the amount of $100.000002 million.Sable Offshore Corp. has completed a Follow-on Equity Offering in the amount of $100.000002 million. Security Name: Common Stock Security Type: Common Stock Securities Offered: 32,467,533 Price\Range: $3.08 Discount Per Security: $0.154
お知らせ • Jul 02Sable Offshore Corp. has filed a Follow-on Equity Offering in the amount of $100 million.Sable Offshore Corp. has filed a Follow-on Equity Offering in the amount of $100 million. Security Name: Common Stock Security Type: Common Stock
Price Target Changed • Jul 01Price target decreased by 35% to US$18.00Down from US$27.67, the current price target is an average from 3 analysts. New target price is 309% above last closing price of US$4.40. Stock is down 81% over the past year. The company is forecast to post a net loss per share of US$0.15 next year compared to a net loss per share of US$4.18 last year.
お知らせ • Jul 01Sable Offshore Corp. has completed a Follow-on Equity Offering in the amount of $100.000002 million.Sable Offshore Corp. has completed a Follow-on Equity Offering in the amount of $100.000002 million. Security Name: Common Stock Security Type: Common Stock Securities Offered: 32,467,533 Price\Range: $3.08
ライブニュース • Jul 01Sable Offshore Targets $400 Million Equity and Notes Raise With $1 Billion Refinancing PlanSable Offshore plans to raise up to US$400 million through public offerings of US$100 million in common stock and US$300 million in convertible senior notes due 2031, alongside up to US$1 billion in new senior secured term loan facilities to refinance an existing term loan with Exxon Mobil. The transactions would significantly reshape Sable Offshore’s capital structure by adding convertible debt and new secured borrowing while repaying its current Exxon-backed facility, which concentrates attention on dilution risk and the company’s reliance on lenders. Sable Offshore’s share price recently traded at US$3.08, with the stock down 55.8% over the past day, reflecting a sharp reset in equity market value during this funding effort. The key issue to weigh is whether the balance sheet relief from refinancing and fresh capital offsets the dilutive impact and higher financial risk implied by the enlarged debt stack.
New Risk • Jun 30New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$761m). Significant insider selling over the past 3 months (US$14m sold). Revenue is less than US$5m (US$1.3m revenue).
お知らせ • Jul 03Sable Offshore Corp. has completed a Follow-on Equity Offering in the amount of $100.000002 million.Sable Offshore Corp. has completed a Follow-on Equity Offering in the amount of $100.000002 million. Security Name: Common Stock Security Type: Common Stock Securities Offered: 32,467,533 Price\Range: $3.08 Discount Per Security: $0.154
お知らせ • Jul 02Sable Offshore Corp. has filed a Follow-on Equity Offering in the amount of $100 million.Sable Offshore Corp. has filed a Follow-on Equity Offering in the amount of $100 million. Security Name: Common Stock Security Type: Common Stock
Price Target Changed • Jul 01Price target decreased by 35% to US$18.00Down from US$27.67, the current price target is an average from 3 analysts. New target price is 309% above last closing price of US$4.40. Stock is down 81% over the past year. The company is forecast to post a net loss per share of US$0.15 next year compared to a net loss per share of US$4.18 last year.
お知らせ • Jul 01Sable Offshore Corp. has completed a Follow-on Equity Offering in the amount of $100.000002 million.Sable Offshore Corp. has completed a Follow-on Equity Offering in the amount of $100.000002 million. Security Name: Common Stock Security Type: Common Stock Securities Offered: 32,467,533 Price\Range: $3.08
ライブニュース • Jul 01Sable Offshore Targets $400 Million Equity and Notes Raise With $1 Billion Refinancing PlanSable Offshore plans to raise up to US$400 million through public offerings of US$100 million in common stock and US$300 million in convertible senior notes due 2031, alongside up to US$1 billion in new senior secured term loan facilities to refinance an existing term loan with Exxon Mobil. The transactions would significantly reshape Sable Offshore’s capital structure by adding convertible debt and new secured borrowing while repaying its current Exxon-backed facility, which concentrates attention on dilution risk and the company’s reliance on lenders. Sable Offshore’s share price recently traded at US$3.08, with the stock down 55.8% over the past day, reflecting a sharp reset in equity market value during this funding effort. The key issue to weigh is whether the balance sheet relief from refinancing and fresh capital offsets the dilutive impact and higher financial risk implied by the enlarged debt stack.
New Risk • Jun 30New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$761m). Significant insider selling over the past 3 months (US$14m sold). Revenue is less than US$5m (US$1.3m revenue).
Seeking Alpha • Jun 30Sable Offshore: Uncertainty Makes This A Binary Play (Downgrade)Summary Sable Offshore Corp. faces severe uncertainty after a 55.8% stock drop due to a highly dilutive financing plan. Despite the potential for strong future EBITDA, SOC’s high leverage, negative cash flow, and costly debt refinancing create significant bankruptcy risk. Recent financing includes up to $460M in equity and convertible notes, plus a $675M term loan at a steep 15% rate. I downgrade SOC to ‘sell’ given unresolved financing terms, operational uncertainty, and a precarious regulatory and legal environment. Read the full article on Seeking Alpha
分析記事 • Jun 20Sable Offshore (SOC) Stock Could Be 97.8% Below Fair Value After Reserve ReportsReports that the Trump administration is considering a major California petroleum reserve have put Sable Offshore (SOC) in focus, with investors weighing what potential supplier status and federal support could mean for long term operations. See our latest analysis for Sable Offshore. The renewed attention on Sable Offshore comes after a sharp reset in sentiment, with the stock down about 30% on a 1 month share price basis and the 1 year total shareholder return declining around 54%. This...
ライブニュース • Jun 18Sable Offshore Stock Draws Attention on Potential Role in California Petroleum ReserveRoth Capital reiterated its Buy rating on Sable Offshore (NYSE:SOC) following reports that the Trump administration is weighing a major petroleum reserve in California. The firm highlighted a "reasonable likelihood" that Sable Offshore could become a key supplier to this proposed reserve. Reports indicate Energy Secretary Chris Wright may consider using eminent domain to secure Sable Offshore operations located on California state property if the company is designated as a key supplier. This potential role in a California petroleum reserve would place Sable Offshore closer to federal energy policy decisions, which could influence contract visibility, regulatory oversight and public scrutiny. Investors may want to watch for confirmation of Sable Offshore’s involvement, details of any supply commitments and the legal or political risks tied to eminent domain actions on state property.
ライブニュース • Jun 11Sable Offshore Outlines Santa Ynez Reserves and Debt Plans as Legal Risks Pressure SharesSable Offshore reported estimated proved, probable and possible reserves of 659 million barrels of oil equivalent at its Santa Ynez Unit as of May 31, 2026, with a PV-10 valuation of US$6.07b based on Brent strip pricing. The company outlined plans to lift gross production at Santa Ynez to about 62,000 Boe per day by 2027, supported by two operating platforms and a third expected online in Q3 2026, and is targeting net production of 47,500 to 52,500 Boe per day through 2027 and 2028. Sable is working to refinance a US$1b Exxon term loan due June 2026 at a proposed 15% interest rate and 20% amortization schedule, while also facing a formal inquiry from lawmakers over its use of the Defense Production Act and ongoing legal barriers to selling or transporting hydrocarbons from California operations. The combination of large booked reserves, detailed production plans and an active refinancing effort provides clearer visibility into how Sable is positioning its Santa Ynez assets. However, the high proposed interest cost and amortization terms indicate a heavy financial burden if the new debt proceeds as discussed. At the same time, legal and political challenges tied to California offshore drilling introduce material execution risk, since current obstacles to hydrocarbon sales and transportation could affect cash flow just as the company takes on or restructures significant debt.
Breakeven Date Change • Jun 04Forecast breakeven date pushed back to 2027The 3 analysts covering Sable Offshore previously expected the company to break even in 2026. New consensus forecast suggests losses will reduce by 97% to 2026. The company is expected to make a profit of US$415.6m in 2027. Average annual earnings growth of 122% is required to achieve expected profit on schedule.
ライブニュース • Jun 02Sable Offshore Shares Fall as Santa Ynez Reserves Unveiled and Pipeline Questions PersistSable Offshore released an updated reserves and operations outlook for its Santa Ynez Unit, citing net reserves of 659 million barrels of oil equivalent with a PV-10 valuation of US$6.07b based on Brent strip pricing. The company targets a fully ramped gross production rate of about 62,000 Boe per day by 2027, with projected adjusted EBITDA between US$738m and US$985m. It is also planning to refinance its Exxon term loan maturing in June 2026 and to add commodity hedges. Shares recently fell 11.13% after lawmakers questioned Sable’s efforts to restart offshore production near Santa Barbara and its reliance on the Defense Production Act, requesting internal records dating back to January 2024. The combination of large certified reserves, a defined production ramp-up plan, and upcoming refinancing needs places a spotlight on execution risk and, in particular, on how federal and state regulatory tensions around the Santa Ynez pipeline system are resolved. For investors, the key swing factors are progress on bringing the Hondo platform online, clarity around PHMSA’s oversight of the pipeline, and any outcome from the lawmakers’ inquiry that could affect timing, costs, or conditions attached to future production and cash flow.
New Risk • May 07New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$761m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$761m free cash flow). Shareholders have been substantially diluted in the past year (65% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Significant insider selling over the past 3 months (US$14m sold). Revenue is less than US$5m (US$1.3m revenue).
お知らせ • May 05Sable Offshore Corp., Annual General Meeting, Jun 10, 2026Sable Offshore Corp., Annual General Meeting, Jun 10, 2026.
Recent Insider Transactions • Apr 07Executive VP recently sold US$4.7m worth of stockOn the 31st of March, Anthony Duenner sold around 279k shares on-market at roughly US$16.69 per share. This transaction amounted to 35% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$9.3m more than they bought in the last 12 months.
Breakeven Date Change • Mar 31Forecast breakeven date moved forward to 2026The 3 analysts covering Sable Offshore previously expected the company to break even in 2027. New consensus forecast suggests the company will make a profit of US$160.2m in 2026. Earnings growth of 92% is required to achieve expected profit on schedule.
Major Estimate Revision • Mar 31Consensus EPS estimates upgraded to US$0.58 lossThe consensus outlook for fiscal year 2026 has been updated. 2026 losses forecast to reduce from -US$2.23 to -US$0.583 per share. Revenue forecast unchanged from US$438.5m at last update. Oil and Gas industry in the US expected to see average net income growth of 26% next year. Consensus price target up from US$26.00 to US$31.50. Share price rose 13% to US$17.84 over the past week.
Price Target Changed • Mar 25Price target increased by 12% to US$28.50Up from US$25.50, the current price target is an average from 4 analysts. New target price is 61% above last closing price of US$17.69. Stock is down 32% over the past year. The company is forecast to post a net loss per share of US$2.23 next year compared to a net loss per share of US$4.18 last year.
Major Estimate Revision • Mar 17Consensus revenue estimates increase by 12%, EPS downgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from US$313.8m to US$350.3m. EPS estimate fell from -US$1.09 to -US$2.23 per share. Oil and Gas industry in the US expected to see average net income growth of 15% next year. Consensus price target broadly unchanged at US$26.00. Share price rose 20% to US$17.23 over the past week.
Breakeven Date Change • Mar 01Forecast breakeven date moved forward to 2026The 3 analysts covering Sable Offshore previously expected the company to break even in 2027. New consensus forecast suggests the company will make a profit of US$6.80m in 2026. Average annual earnings growth of 92% is required to achieve expected profit on schedule.
お知らせ • Feb 03Sable Offshore Corp. has filed a Follow-on Equity Offering in the amount of $250 million.Sable Offshore Corp. has filed a Follow-on Equity Offering in the amount of $250 million. Security Name: Common Stock Security Type: Common Stock Transaction Features: At the Market Offering
Price Target Changed • Jan 21Price target increased by 15% to US$24.40Up from US$21.20, the current price target is an average from 5 analysts. New target price is 111% above last closing price of US$11.58. Stock is down 59% over the past year. The company is forecast to post a net loss per share of US$4.16 next year compared to a net loss per share of US$9.21 last year.
お知らせ • Nov 27Sable Offshore Corp. Announces Executive Changes, Effective November 20, 2025On November 20, 2025, Sable Offshore Corp. announced a series of management changes. The changes include the promotion of J. Caldwell Flores, the current President of the Company, to President and Chief Operating Officer of the Company. Mr. Flores is an executive officer of the Company, as such term is defined in Rule 3b-7 promulgated under the Securities Exchange Act of 1934, as amended, and additional biographical information about Mr. Flores can be found in the Company’s definitive proxy statement for the 2025 annual meeting of shareholders, filed with the Securities and Exchange Commission on April 17, 2025. In connection with these management changes, Doss Bourgeois transitioned from Executive Vice President and Chief Operating Officer of the Company to Vice Chairman of the Company, effective November 20, 2025. The Company also made the below appointments and changes, effective November 20, 2025. None of the individuals listed below is an executive officer of the Company, as such term is defined in Rule 3b-7 promulgated under the Exchange Act. Trent Fontenot: Senior Vice President of Operations; Brian Broussard: Senior Vice President of Development; Byron Olson: Vice President, Reservoir Engineering.
お知らせ • Nov 10Sable Offshore Corp. announced that it expects to receive $250.000003 million in fundingSable Offshore Corp. announced that it has entered into subscription agreements to issue 45,454,546 common shares at an issue price of $5.50 per share for gross proceeds of $250,000,003 before deducting placement agent fees and other offering expenses on November 10, 2025. The transaction includes participation from institutional investors. The private placement is expected to close on November 12, 2025, subject to the satisfaction of customary closing conditions. The shares of common stock being issued and sold in the private placement have not been registered under the Securities Act of 1933, as amended, or applicable state securities laws and may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements. Sable has agreed to file a registration statement to register the resale of the shares of common stock being sold in the private placement.
Breakeven Date Change • Nov 04Forecast breakeven date pushed back to 2027The 3 analysts covering Sable Offshore previously expected the company to break even in 2026. New consensus forecast suggests losses will reduce by 99% per year to 2026. The company is expected to make a profit of US$403.7m in 2027. Average annual earnings growth of 93% is required to achieve expected profit on schedule.
お知らせ • Oct 15Sable Offshore Corp. Announces Statement on California Coastal Commission LitigationSable Offshore Corp. provided an update regarding its ongoing litigation with the California Coastal Commission (“Coastal Commission”). In the Santa Barbara Superior Court’s tentative ruling released on October 14, 2025, the court indicated that it will deny Sable’s claims against the Coastal Commission. Sable vigorously disagrees with the court’s tentative ruling. If adopted after the court’s hearing scheduled on October 15, the ruling would have no impact on the resumption of petroleum transportation through the Las Flores Pipeline System. Additionally, oil and gas production from the federal Santa Ynez Unit and the flow of petroleum from the Santa Ynez Unit to the Las Flores Canyon processing facilities or to a potential Offshore Storage & Treating Vessel (“OS&T”) would be unaffected by rulings in the Coastal Commission litigation. Sable nevertheless intends to appeal this ruling to the California Court of Appeal if the ruling is adopted by the Santa Barbara Superior Court. Sable is suing the Coastal Commission for the damages it has caused Sable by erroneously issuing cease and desist orders during Sable’s anomaly repair program on the Las Flores Pipeline System. The anomaly repair program and hydrotesting of the Las Flores Pipeline System was completed in May 2025 in accordance with the Federal Consent Decree. Sable intends to continue its pursuit of the writ of mandate in the Court of Appeal as well as declaratory relief and inverse condemnation claims in excess of approximately $347 million. Sable continues to work diligently with the State of California to safely and responsibly resume petroleum transportation through the Las Flores Pipeline System in accordance with the Federal Consent Decree. Continued delays in approving the Restart Plans for the Las Flores Pipeline System could prompt Sable to pursue the accelerated OS&T strategy, which was utilized to process Santa Ynez Unit production in federal waters from 1981 – 1994. During that time period, the Santa Ynez Unit produced over 160 million barrels of oil equivalent. Regardless of whether California approves the resumption of petroleum transportation through the Las Flores Pipeline System, Sable plans to pursue the OS&T strategy which Sable believes will allow it to refinance its existing term loan.
New Risk • Aug 13New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -US$473m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$473m). Share price has been volatile over the past 3 months (13% average weekly change).
お知らせ • Aug 08Levi & Korsinsky, LLP Notifies Investors in Sable Offshore Corp. of A Class Action Securities LawsuitLevi & Korsinsky, LLP notifies investors in Sable Offshore Corp. of a class action securities lawsuit. The lawsuit seeks to recover losses on behalf of Sable Offshore Corp. investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of persons or entities who purchased or otherwise acquired publicly traded Sable Offshore securities between May 19, 2025 and June 3, 2025, inclusive, and/or pursuant and/or traceable to the Company's May 21, 2025 secondary public offering. The filed complaint alleges that defendants made false statements and/or concealed that: (1) defendants represented that Sable Offshore Corp. had restarted oil production off the coast of California when it had not; and (2) as a result, defendants statements about Sables business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
お知らせ • Jul 11Sable Offshore Corp. Files Notice of Appeal of the Superior Court's May 28, 2025 Order Granting Application for Preliminary InjunctionOn July 9, 2025, in the matter of Sable Offshore Corp., et al. v. California Coastal Commission, et al., the Santa Barbara County Superior Court denied a motion to stay the California Coastal Commission’s April 10, 2025 Cease and Desist Order regarding Sable Offshore Corp.’s maintenance and repair work in the coastal zone. Also on July 9, 2025, Sable filed a Notice of Appeal of the Superior Court’s May 28, 2025 Order Granting Application for Preliminary Injunction. Sable intends to prosecute this appeal in the California Court of Appeal in an effort to lift the Order. Sable continues to produce from the Santa Ynez Unit and flow to the crude oil storage tanks at Las Flores Canyon in anticipation of receiving approval to restart the Las Flores Pipeline System, with first oil sales expected August 1, 2025.
お知らせ • Jun 30+ 3 more updatesSable Offshore Corp.(NYSE:SOC) dropped from Russell Microcap IndexSable Offshore Corp.(NYSE:SOC) dropped from Russell Microcap Index
お知らせ • May 22+ 1 more updateSable Offshore Corp. has completed a Follow-on Equity Offering in the amount of $256.521793 million.Sable Offshore Corp. has completed a Follow-on Equity Offering in the amount of $256.521793 million. Security Name: Common Stock Security Type: Common Stock Securities Offered: 8,695,654 Price\Range: $29.5 Discount Per Security: $1.18
お知らせ • May 20Sable Offshore Corp. Updates Production Guidance for the Second Half of 2025Sable Offshore Corp. updated production guidance for the second half of 2025. For the period, the company expects Net Average Daily Production of 40,000 BOE/D to 50,000 BOE/D against 20,000 BOE/D to 25,000 BOE/D.
Price Target Changed • May 19Price target increased by 9.9% to US$31.33Up from US$28.50, the current price target is an average from 6 analysts. New target price is 5.1% below last closing price of US$33.02. Stock is up 143% over the past year. The company is forecast to post a net loss per share of US$0.16 next year compared to a net loss per share of US$9.21 last year.
Price Target Changed • May 16Price target increased by 13% to US$32.20Up from US$28.50, the current price target is an average from 5 analysts. New target price is 12% above last closing price of US$28.86. Stock is up 110% over the past year. The company is forecast to post a net loss per share of US$1.68 next year compared to a net loss per share of US$9.21 last year.
New Risk • May 12New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -US$310m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (49% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$310m). Share price has been volatile over the past 3 months (14% average weekly change).
New Risk • May 05New major risk - Revenue and earnings growthEarnings have declined by 104% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 104% per year over the past 5 years. Shareholders have been substantially diluted in the past year (48% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Share price has been volatile over the past 3 months (14% average weekly change).
お知らせ • Apr 19Sable Offshore Corp., Annual General Meeting, Jun 11, 2025Sable Offshore Corp., Annual General Meeting, Jun 11, 2025.
Breakeven Date Change • Mar 27Forecast breakeven date pushed back to 2026The 2 analysts covering Sable Offshore previously expected the company to break even in 2025. New consensus forecast suggests losses will reduce by 91% to 2025. The company is expected to make a profit of US$145.7m in 2026. Average annual earnings growth of 117% is required to achieve expected profit on schedule.
お知らせ • Mar 19Sable Offshore Corp. Auditor Raises 'Going Concern' DoubtSable Offshore Corp. filed its 10-K on Mar 17, 2025 for the period ending Dec 31, 2024. In this report its auditor, Ham, Langston & Brezina, LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.
お知らせ • Mar 18Sable Offshore Corp. Provides Production Guidance for the Second Half of 2025Sable Offshore Corp. provided production guidance for the second half of 2025. For the period, the company expects Net Average Daily Production of 20,000 BOE/D ? 25,000 BOE/D.
Price Target Changed • Feb 18Price target increased by 12% to US$28.80Up from US$25.80, the current price target is an average from 5 analysts. New target price is 8.0% below last closing price of US$31.31. Stock is up 161% over the past year. The company is forecast to post a net loss per share of US$6.14 next year compared to a net loss per share of US$1.78 last year.
New Risk • Feb 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (over 5x increase in shares outstanding). Revenue is less than US$1m. Minor Risk Share price has been volatile over the past 3 months (13% average weekly change).
Seeking Alpha • Jan 23Sable Offshore: Too Much Uncertainty For ComfortSummary Sable Offshore Corp. shares spiked 7.9% on January 22nd, with no specific news identified; the stock is up 127.6% since February 2024. The company has significant upside potential but faces regulatory challenges and uncertainty, leading me to rate it a “hold” for cautious investors. Sable Offshore's main asset is the Santa Ynez field, acquired from ExxonMobil, with 646 million boe in reserves but dormant since a 2015 oil spill. Despite potential production plans, the company's future economics are unclear, making SOC stock a speculative investment compared to its peers. Read the full article on Seeking Alpha
お知らせ • Jan 02Sable Offshore Corp. Provides Update on Litigation StatusSable Offshore Corp. provided an update on the previously disclosed Center for Biological Diversity et al. v. Debra Haaland et al. lawsuit (the “Haaland lawsuit”). On December 20, 2024, the U.S. Department of Justice (in its capacity as counsel for the U.S. Bureau of Safety and Environmental Enforcement, or “BSEE”) filed a motion to remand without vacatur the Haaland lawsuit to BSEE for BSEE to reconsider its 2023 decision approving an extension to resume operations on the leases for the Santa Ynez Unit. Assuming the motion is granted, Sable intends to cooperate with the government to facilitate an expeditious review and that the government’s prior extensions to resume operations were both appropriate and authorized. Moreover, under the government’s proposed remand, Sable’s operations on the Santa Ynez Unit remain unaffected. In the event that any non-governmental third party attempts to unlawfully interfere with Sable from restarting the Santa Ynez Unit, which contains net estimated contingent resources currently valued at over $10 billion, Sable is prepared to vigorously pursue all available legal remedies.
Seeking Alpha • Dec 23Sable Offshore Is In The Final HourSummary Sable Offshore is progressing toward restarting operations. Despite political challenges and lower oil prices, Sable has attracted institutional ownership, providing price support for SOC shares. Sable is targeting to begin producing in 2025, aiming to produce 25-29Mboe/d in 2025, potentially generating $575mm in net revenue. Once operational, Sable is targeting peak production by 2030 at 50Mboe/d+. Read the full article on Seeking Alpha
Recent Insider Transactions Derivative • Oct 25Executive VP exercised options to buy US$1.0m worth of stock.On the 23rd of October, Anthony Duenner exercised options to buy 50k shares at a strike price of around US$11.50, costing a total of US$575k. This transaction amounted to 6.7% of their direct individual holding at the time of the trade. Anthony now holds 750.00k shares directly in their own name. Company insiders have collectively sold US$381k more than they bought, via options and on-market transactions in the last 12 months.
New Risk • Oct 24New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: US$332m Forecast net loss in 1 year: US$82m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Shareholders have been substantially diluted in the past year (423% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Currently unprofitable and not forecast to become profitable next year (US$82m net loss next year).
Board Change • Oct 15Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Director Michael Dillard was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Price Target Changed • Sep 24Price target increased by 15% to US$31.33Up from US$27.33, the current price target is an average from 3 analysts. New target price is 27% above last closing price of US$24.73. Stock is up 137% over the past year. The company is forecast to post a net loss per share of US$6.06 next year compared to a net loss per share of US$1.78 last year.
お知らせ • Sep 20Sable Offshore Corp. announced that it expects to receive $150 million in fundingSable Offshore Corp. announced it has entered into subscription agreements to issue 7,500,000 shares of its common stock in a private placement to institutional investors for gross proceeds of approximately $150 million. The private placement is expected to close on September 23, 2024
New Risk • Sep 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (315% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Significant insider selling over the past 3 months (US$1.2m sold).
Recent Insider Transactions • Jun 10Independent Director recently sold US$1.2m worth of stockOn the 5th of June, Gregory Pipkin sold around 82k shares on-market at roughly US$14.66 per share. This transaction amounted to 49% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$2.7m. Insiders have been net sellers, collectively disposing of US$956k more than they bought in the last 12 months.
お知らせ • May 26U.S. Department of the Interior Bureau of Ocean Energy Management and U.S. Department of the Interior Bureau of Safety and Environmental Enforcement Approves Assignments of Record Title Interest from Exxon Mobil Corporation to Sable Offshore CorpOn May 21, 2024, the U.S. Department of the Interior Bureau of Ocean Energy Management (“BOEM”) approved Assignments of Record Title Interest from Exxon Mobil Corporation to Sable Offshore Corp. in 16 Federal Oil and Gas Leases comprising the Santa Ynez Unit. On May 22, 2024, the U.S. Department of the Interior Bureau of Safety and Environmental Enforcement (“BSEE”) approved Sable Offshore Corp. as Operator of the Santa Ynez Unit. The unit covers approximately 76,000 acres situated offshore California in the Pacific Region of the United States Outer Continental Shelf.
Recent Insider Transactions • May 23Executive VP & COO recently sold US$2.7m worth of stockOn the 21st of May, Doss Bourgeois sold around 200k shares on-market at roughly US$13.49 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Doss' only on-market trade for the last 12 months.
Seeking Alpha • May 07Sable Offshore May Face Challenges Going Into First ProductionSummary Sable Offshore is an integrated oil company with assets in the California market, including the Santa Ynez Field and Las Flores Canyon Processing Facility. The company faces significant operational and political risks as it seeks final approval to restart production after being idled since 2014 due to a pipeline leak. If successful, the firm can offer significant upside potential; however, given the political climate in California, I believe that management is underestimating the timeline to first oil. Read the full article on Seeking Alpha
Recent Insider Transactions • Feb 19Chairman & CEO recently bought US$200k worth of stockOn the 13th of February, James Flores bought around 18k shares on-market at roughly US$11.43 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was James' only on-market trade for the last 12 months.
New Risk • Feb 18New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 67% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Negative equity (-US$26m). Shareholders have been substantially diluted in the past year (67% increase in shares outstanding). Revenue is less than US$1m.
お知らせ • Feb 16+ 1 more updateFlame Acquisition Corp. (NYSE:SOC) completed the acquisition of Sable Offshore Corp.Flame Acquisition Corp. (NYSE:SOC) entered into a business combination to acquire Sable Offshore Corp. for $29.9 million on November 2, 2022. As per the terms of the transaction, all of the limited liability company membership interests in Sable will be converted into the right to receive 3,000,000 shares of Flame Class A common stock. In a related transaction, Sable Offshore Corp. entered into a Purchase and Sale Agreement to acquire certain assets constituting the Santa Ynez field in Federal waters offshore California and associated onshore processing and pipeline assets from Exxon Mobil Corporation and Mobil Pacific Pipeline Company on November 1, 2022. After giving effect to the business combination, the company will be named Sable Offshore Corp. The Flame Board will continue to be composed of four members. Upon completion of the Business Combination, James C. Flores will continue to serve as the Chief Executive Officer of New Sable and the New Sable Board will be composed of four members. Sable Offshore Corp. reported total assets of $2129.044 million, net assets of $1780.878 million, loss from operation of $109.988 million and net loss of $109.710 million for the year ended December 31, 2021.The transaction is subject to certain closing conditions, including the expiration of applicable waiting periods under the HSR Act, the proxy statement shall have received SEC clearance, the receipt of required approvals of Flame’s stockholders, Flame having at least $5,000,001 of net tangible assets, the Flame Class A common stock to be issued in connection with the transactions shall have been approved for listing on NYSE, execution and delivery of the ancillary agreements including Letter of Transmittal, Registration Rights Agreement, the Subscription Agreements, and any other agreement, The Flame Board has unanimously approved the merger agreement and the Flame Board unanimously recommends that stockholders vote for the merger. In addition, the board of directors of Sable approved the merger agreement. The Flame Board formed a special committee comprised of Michael Dillard, Gregory Pipkin and Christopher Sarofim, the independent directors serving on the Flame Board to analyze, negotiate and make recommendations to the Flame Board and Flame stockholders regarding the business combination. As on February 27, 2023, the special meeting of Flame stockholders approved the proposal to amend Flame’s amended and restated certificate of incorporation to extend the date by which Flame has to consummate a business combination from March 1, 2023 to September 1, 2023. As of December 20, 2023, the transaction is expected to close on February 1, 2024. As of February 12, 2024, Flame Acquisition Corp. shareholders approved the merger and the closing of the business combination is expected to occur on or about February 14, 2024.Petrie Partners Securities, LLC is serving as financial advisor and fairness opinion provider to the board of directors of Flame. Cowen and Company, LLC, Intrepid Partners, LLC and Jefferies LLC are serving as joint financial advisors to Sable. Cowen, Intrepid and Jefferies are serving as joint placement agents in connection with the Sable PIPE Investment. Ryan Maierson, Stephen Szalkowski, Matthew Jones, Bryant Lee, Jason Cruise, Peter Todaro, Adam Kestenbaum, Janice Schneider, Joshua Bledsoe and Jim Cole of Latham & Watkins LLP is serving as legal counsel to Flame. Latham & Watkins LLP also provided due diligence services to Flame. Jason Jean, G. Alan Rafte, Molly E. Butkus, Heather L. Brown, Jason B. Hutt, Jonathan K. Hance, Steven J. Lorch, Matthew B. Grunert, Elizabeth L. McGinley, Robert S. Nichols, Daniel W. Areshenko, Jacqueline R. Java and Troy Harder of Bracewell LLP are serving as legal counsel to Sable. Bracewell also provided due diligence services to Sable. Kirkland & Ellis LLP is serving as legal counsel to Cowen, Intrepid and Jefferies. American Stock Transfer & Trust Company, LLC acted as transfer agent to Flame. Flame have engaged D.F. King & Co., Inc. to assist in the solicitation of proxies for a fee of $18,000. Pursuant to its engagement letter, Petrie Partners received a work fee of $100,000. Petrie Partners also earned an opinion fee of $1,000,000 upon the rendering of its fairness opinion to the Flame Board.Flame Acquisition Corp. (NYSE:SOC) completed the acquisition of Sable Offshore Corp. on February 14, 2024. In connection with the Closing, the Company changed its name from Flame Acquisition Corp. to Sable Offshore Corp. The Common Stock and warrants will commence trading on the New York Stock Exchange (“NYSE”) under the symbols “SOC” and “SOC.WS,” respectively, on February 15, 2024, subject to ongoing review of the Company’s satisfaction of all listing criteria following the Business Combination.
お知らせ • Feb 08Flame Acquisition Corp. announced that it expects to receive $0.535 million in funding from Flame Acquisition Sponsor LLCFlame Acquisition Corp. announced a private placement of $535,000 in debt round of funding on February 6, 2023. The company issued unsecured promissory note in the transaction. The transaction included participation from returning investor Flame Acquisition Sponsor LLC.
Board Change • Dec 31High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Chairman, CEO & President James Flores is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.
Recent Insider Transactions • Dec 11Chairman recently bought US$76k worth of stockOn the 6th of December, James Flores bought around 8k shares on-market at roughly US$10.10 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was James' only on-market trade for the last 12 months.
