
SOC Stock Forecast & Price Target
SOC Analyst Ratings
Bulls say
Sable Offshore Corp has demonstrated a significant improvement in its pro forma working capital, increasing from $98 million to approximately $343 million, which enhances its financial stability and operational flexibility. The successful raising of $257 million in primary equity positions the company favorably for its upcoming debt refinancing needs, notably the $855 million due by October 2025. This strategic capital infusion not only replenishes near-term working capital but also reinforces Sable Offshore's capacity to complete a bond offering, indicating robust financial management and growth potential.
Bears say
Sable Offshore Corp faces substantial risks that may negatively impact its financial stability, including dependence on higher oil and natural gas prices, which, if weaker than expected, could lead to a diminished financial condition. The company's operational vulnerabilities are exacerbated by a concentration of assets in a single field, exposing it to potential weather-related disruptions and other operational challenges. Additionally, looming default risk associated with upcoming debt obligations highlights the urgency for the company to restart production or secure refinancing to avoid significant financial strain.
This aggregate rating is based on analysts' research of Sable Offshore Corp and is not a guaranteed prediction by Public.com or investment advice.
SOC Analyst Forecast & Price Prediction
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