Jefferies Remains a Buy on Sable Offshore (SOC)

In a report released yesterday, Lloyd Byrne from Jefferies reiterated a Buy rating on Sable Offshore, with a price target of $24.00.

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Byrne covers the Energy sector, focusing on stocks such as Sable Offshore, Suncor Energy, and Cenovus Energy. According to TipRanks, Byrne has an average return of 21.0% and a 60.08% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sable Offshore with a $19.75 average price target.

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, James Caldwell Flores, the President of SOC sold 279,081.00 shares for a total of $4,655,071.08.