Roth MKM Sticks to Its Buy Rating for Sable Offshore (SOC)
In a report released today, Leo Mariani from Roth MKM maintained a Buy rating on Sable Offshore, with a price target of $22.00.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Mariani covers the Energy sector, focusing on stocks such as Sable Offshore, Matador Resources, and EQT. According to TipRanks, Mariani has an average return of 24.5% and a 58.52% success rate on recommended stocks.
Sable Offshore has an analyst consensus of Strong Buy, with a price target consensus of $22.75.
Based on Sable Offshore’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $110.38 million. In comparison, last year the company had a GAAP net loss of $255.57 million
Based on the recent corporate insider activity of 6 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SOC in relation to earlier this year. Last month, Pilgrim Global ICAV, a Major Shareholder at SOC bought 982,645.00 shares for a total of $14,777,318.60.
Read More on SOC:
