Roth Capital lowered the firm’s price target on Sable Offshore (SOC) to $22 from $26 but keeps a Buy rating on the shares. The firm is citing the dilution from the company’s $250M share placement but also notes that Sable Offshore is a high-growth company with low base declines, strong field margins, and an eventual plan to return material amounts of capital to shareholders through a dividend and buyback, the analyst tells investors in a research note.
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Read More on SOC:
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