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Jefferies Sticks to Their Buy Rating for Sable Offshore (SOC)

Tipranks - Tipranks - Fri Mar 13, 8:34AM CDT

In a report released today, Lloyd Byrne from Jefferies maintained a Buy rating on Sable Offshore, with a price target of $28.00.

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Byrne covers the Energy sector, focusing on stocks such as Sable Offshore, Baker Hughes Company, and Ovintiv. According to TipRanks, Byrne has an average return of 21.5% and a 62.72% success rate on recommended stocks.

In addition to Jefferies, Sable Offshore also received a Buy from Roth MKM’s Leo Mariani in a report issued yesterday. However, today, TipRanks – Google reiterated a Hold rating on Sable Offshore (NYSE: SOC).

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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 had a GAAP net loss of $16.17 million

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