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

Tipranks - Tipranks - Wed Mar 25, 2:00PM CDT

In a report released today, Leo Mariani from Roth MKM maintained a Buy rating on Sable Offshore, with a price target of $24.00.

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According to TipRanks, Mariani is a top 25 analyst with an average return of 35.9% and a 72.84% success rate. Mariani covers the Energy sector, focusing on stocks such as Sable Offshore, Murphy Oil, and Magnolia Oil & Gas.

In addition to Roth MKM, Sable Offshore also received a Buy from Jefferies’s Lloyd Byrne in a report issued on March 12. However, on March 17, TipRanks – OpenAI 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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