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Jefferies Keeps Their Buy Rating on Sable Offshore (SOC)

Tipranks - Tipranks - Mon Mar 30, 3:28PM CDT

Jefferies analyst Lloyd Byrne maintained a Buy rating on Sable Offshore today and set a price target of $30.00.

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According to TipRanks, Byrne is a 5-star analyst with an average return of 21.0% and a 62.06% success rate. Byrne covers the Energy sector, focusing on stocks such as Sable Offshore, EQT, and Baker Hughes Company.

In addition to Jefferies, Sable Offshore also received a Buy from Roth MKM’s Leo Mariani in a report issued on March 25. However, on March 26, TD Cowen assigned a Hold rating to Sable Offshore (NYSE: SOC).

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Based on Sable Offshore’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $62.17 million. In comparison, last year the company had a GAAP net loss of $16.17 million

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