New insider activity at Sable Offshore ( (SOC) ) has taken place on April 22, 2025.
Significant shareholder Pilgrim Global ICAV has divested 143,806 shares of Sable Offshore stock, amounting to a transaction worth $3,648,358.
Recent Updates on SOC stock
Sable Offshore has experienced significant developments recently, with a notable increase in bullish option activity as implied volatility rose. The company faced a substantial $18 million fine from the California Coastal Commission for unapproved work on the Gaviota Coast, which has led to expectations of a legal resolution. Despite these regulatory challenges, analysts have maintained a positive outlook on Sable Offshore, highlighting its strong defense and strategic adjustments. Roth Capital and Roth MKM have both issued Buy ratings, citing the company’s high growth potential, strong field margins, and plans to return capital to shareholders. These factors have contributed to a favorable price target, reflecting confidence in Sable Offshore’s operational progress and financial stability.
More about Sable Offshore
YTD Price Performance: -13.40%
Average Trading Volume: 1,658,911
Technical Sentiment Signal: Hold
Current Market Cap: $1.8B