Jefferies Remains a Buy on Sable Offshore (SOC)
Jefferies analyst Lloyd Byrne maintained a Buy rating on Sable Offshore yesterday and set a price target of $28.00.
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According to TipRanks, Byrne is a 5-star analyst with an average return of 19.9% and a 61.06% success rate. Byrne covers the Energy sector, focusing on stocks such as EQT, Ovintiv, and Halliburton.
Currently, the analyst consensus on Sable Offshore is a Strong Buy with an average price target of $24.75.
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
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