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The latest update is out from Sable Offshore ( (SOC) ).
On October 6, 2025, Sable Offshore Corp. announced legal updates regarding its ongoing lawsuit against the California Coastal Commission. The company is seeking over $347 million in damages due to delays caused by the Commission’s cease and desist order on its anomaly repair program for the Las Flores Pipeline System. Sable has also filed a declaratory judgment action against the State of California to confirm that certain provisions of SB 237 do not apply to the Las Flores Pipeline System. The company continues to work with the state to resume petroleum transportation through the pipeline system and may pursue an alternative strategy if delays persist.
The most recent analyst rating on (SOC) stock is a Buy with a $47.00 price target. To see the full list of analyst forecasts on Sable Offshore stock, see the SOC Stock Forecast page.
More about Sable Offshore
Sable Offshore Corp. is an independent oil and gas company based in Houston, Texas, focused on the responsible development of the Santa Ynez Unit in federal waters offshore California. The company has extensive experience in safely operating within California.
Average Trading Volume: 3,707,175
Technical Sentiment Signal: Sell
Current Market Cap: $1.9B
See more data about SOC stock on TipRanks’ Stock Analysis page.