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Sable Offshore (SOC) Receives a Rating Update from a Top Analyst

Tipranks - Fri Mar 6, 3:18PM CST

Roth MKM analyst Leo Mariani maintained a Buy rating on Sable Offshore today and set a price target of $22.00.

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According to TipRanks, Mariani is a top 100 analyst with an average return of 31.8% and a 68.87% success rate. Mariani covers the Energy sector, focusing on stocks such as Sable Offshore, Coterra Energy, and Murphy Oil.

In addition to Roth MKM, Sable Offshore also received a Buy from Jefferies’s Lloyd Byrne in a report issued today. However, on the same day, Benchmark Co. downgraded Sable Offshore (NYSE: SOC) to a Hold.

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 earned a revenue of $18.97 million and had a net profit of $519.23 million

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