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An announcement from Sable Offshore ( (SOC) ) is now available.
On October 15, 2025, Sable Offshore Corp. announced a tentative ruling by the Santa Barbara Superior Court that is expected to deny the company’s claims against the California Coastal Commission. Despite this setback, the ruling will not affect the resumption of petroleum transportation through the Las Flores Pipeline System or oil and gas production from the Santa Ynez Unit. Sable plans to appeal the ruling and continues to work with the State of California to resume operations. The company is also considering an accelerated Offshore Storage & Treating Vessel strategy to manage its production, which could help refinance its existing term loan.
The most recent analyst rating on (SOC) stock is a Buy with a $34.00 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 headquartered in Houston, Texas, focused on responsibly developing the Santa Ynez Unit in federal waters offshore California. The company has extensive experience in safely operating in California.
Average Trading Volume: 3,794,140
Technical Sentiment Signal: Sell
Current Market Cap: $1.85B
See more data about SOC stock on TipRanks’ Stock Analysis page.