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Gerdes Energy Research downgrades Sable Offshore (SOC) to a Hold

Tipranks - Tipranks - Wed Jun 3, 6:52PM CDT

In a report released yesterday, from Gerdes Energy Research downgraded Sable Offshore to a Hold, with a price target of $13.00. The company’s shares closed today at $13.02.

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Sable Offshore has an analyst consensus of Moderate Buy, with a price target consensus of $19.75.

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Based on Sable Offshore’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.27 million and a GAAP net loss of $197.03 million. In comparison, last year the company had a GAAP net loss of $109.54 million

Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SOC in relation to earlier this year. Most recently, in April 2026, Anthony Duenner, the EVP, GC & Secretary of SOC sold 279,081.00 shares for a total of $4,655,071.08.

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