Leo Mariani of Roth Capital sets a price target of $37 for NYSE:SOC, indicating a potential upside of 15.26% from its current price.
SOC successfully closes an upsized public offering, showing strong demand and confidence in its future, expected to support operations and growth.
Despite a slight decrease in stock price by -0.59%, SOC’s trading range and market capitalization highlight its active market presence.
Sable Offshore Corp. (NYSE:SOC) is a company involved in offshore energy production, focusing on extracting oil and gas from underwater reserves. SOC competes with other energy companies in the offshore sector, striving to maintain a strong market position. Recently, Leo Mariani from Roth Capital set a price target of $37 for SOC, suggesting a potential upside of 15.26% from its current price of $32.10.
SOC has successfully closed an upsized public offering of its common stock. The underwriters fully exercised their option, showing strong demand and confidence in the company’s future. This move is expected to provide SOC with additional capital to support its operations and growth initiatives, aligning with the positive outlook set by Roth Capital.
Currently, SOC is priced at $32.10 on the NYSE. Today, the stock experienced a slight decrease of $0.19, which is a percentage change of approximately -0.59%. Despite this minor fluctuation, the stock’s price range for the day was between $31.58 and $32.76, indicating some volatility in trading.
Over the past year, SOC’s stock has reached a high of $35 and a low of $13.66. This range reflects the stock’s performance and market conditions over time. The company’s market capitalization is approximately $2.87 billion, with a trading volume of 2,287,734 shares, highlighting its active presence in the market.
