Sable Offshore Corp. (SOC)Energy | Oil & Gas Drilling | Houston, United States | NYSE
4.49 USD
-0.17
(-3.648%) ⇩
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 4.64 +0.15 (3.265%) ⇧ (Aug. 28, 2026, 7:51 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 5:39 a.m. EDT
The investment case for Sable Offshore is currently paralyzed by a severe liquidity and solvency crisis that outweighs any potential catalysts. While the company boasts a spectacular four-year price trajectory of nearly 200%, driven by a massive spike in 2025, the underlying fundamentals have completely deteriorated. The stock is trading at a forward P/E of roughly 9x despite reporting negative earnings and negative free cash flow, while the balance sheet is dangerously impaired with a debt-to-equity ratio of 250% and a current ratio of just 0.24. This indicates the company is burning through cash and relies entirely on external financing to survive. The recent news cycle confirms this fragility: the stock plunged on costly refinancing efforts and a reduction in planned loans, signaling that capital markets are unwilling to fund the company at current terms. The 'strong buy' analyst ratings appear to be a relic of the previous year's rally and ignore the immediate threat of insolvency. Short-term, the options market is screaming volatility, betting on a binary resolution to the pipeline litigation or refinancing drama. However, this is a speculative gamble on survival, not an investment in growth. With no dividends to provide income and a balance sheet that is effectively underwater, the long-term outlook remains neutral-to-bearish until the debt structure is fundamentally resolved. The recent price bounce is likely a relief rally following the dismissal of a legal challenge, but the path of least resistance remains the struggle to raise capital in a hostile environment. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.775602 |
| AutoETS | 0.776830 |
| MSTL | 0.779288 |
| AutoARIMA | 0.824661 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 29% |
| H-stat | 24.88 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.065 |
| Excess Kurtosis | -1.43 |
| Attribute | Value |
|---|---|
| Sector | Energy |
| Debt to Equity Ratio | 250.008 |
| Revenue per Share | 1.077 |
| Market Cap | 861,494,336 |
| Forward P/E | 7.88 |
| Beta | -0.14 |
| Previous Name | Flame Acquisition Corp. |
| Website | https://www.sableoffshore.com |
As of Aug. 22, 2026, 5:39 a.m. EDT: Speculators are positioning for extreme volatility rather than a specific directional outcome. There is massive open interest in deep out-of-the-money calls (strikes 12.0, 15.0) and deep out-of-the-money puts (strikes 2.0, 23.0), creating a 'straddle' environment where traders bet on a binary event like a court ruling or refinancing success/failure. The implied volatility is significantly elevated for these far legs compared to the at-the-money strikes, indicating the market expects a massive gap up or down, but the heavy volume in both sides suggests uncertainty about which way the gap will occur.
| Attribute | Value |
|---|---|
| 52 Week Change | -0.79809356 |
| Address1 | 845 Texas Avenue |
| Address2 | Suite 2920 |
| All Time High | 35.0 |
| All Time Low | 2.88 |
| Ask | 4.55 |
| Ask Size | 7,800 |
| Audit Risk | 9 |
| Average Analyst Rating | 1.0 - Strong Buy |
| Average Daily Volume10 Day | 11,601,560 |
| Average Daily Volume3 Month | 11,164,432 |
| Average Volume | 11,164,432 |
| Average Volume10Days | 11,601,560 |
| Beta | -0.142 |
| Bid | 4.5 |
| Bid Size | 4,900 |
| Board Risk | 9 |
| Book Value | 2.806 |
| City | Houston |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 10 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 4.49 |
| Current Ratio | 0.24 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,786,665,600 |
| Day High | 4.7199 |
| Day Low | 4.495 |
| Debt To Equity | 250.008 |
| Display Name | Sable Offshore |
| Earnings Call Timestamp End | 1,786,460,400 |
| Earnings Call Timestamp Start | 1,786,460,400 |
| Earnings Timestamp End | 1,794,254,400 |
| Earnings Timestamp Start | 1,794,254,400 |
| Ebitda | -353,752,000 |
| Ebitda Margins | -2.5560899 |
| Enterprise To Ebitda | -5.166 |
| Enterprise To Revenue | 13.204 |
| Enterprise Value | 1,827,428,352 |
| Eps Current Year | -2.18 |
| Eps Forward | 0.57 |
| Eps Trailing Twelve Months | -3.12 |
| Esg Populated | 0 |
| Exchange | NYQ |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 5.0898 |
| Fifty Day Average Change | -0.5998001 |
| Fifty Day Average Change Percent | -0.11784355 |
| Fifty Two Week Change Percent | -79.80936 |
| Fifty Two Week High | 26.362 |
| Fifty Two Week High Change | -21.872 |
| Fifty Two Week High Change Percent | -0.8296791 |
| Fifty Two Week Low | 2.88 |
| Fifty Two Week Low Change | 1.6099997 |
| Fifty Two Week Low Change Percent | 0.5590276 |
| Fifty Two Week Range | 2.88 - 26.362 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,618,839,000,000 |
| Float Shares | 137,033,248 |
| Forward Eps | 0.57 |
| Forward P E | 7.8771925 |
| Free Cashflow | -493,651,136 |
| Full Exchange Name | NYSE |
| Full Time Employees | 200 |
| Fullday Change | -0.17 |
| Fullday Change Percent | -3.64807 |
| Fullday Price | 4.6366 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,785,542,400 |
| Gross Margins | -1.2823199 |
| Gross Profits | -177,468,000 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.11125 |
| Held Percent Institutions | 0.91788 |
| Implied Shares Outstanding | 191,869,572 |
| Industry | Oil & Gas Drilling |
| Industry Disp | Oil & Gas Drilling |
| Industry Key | oil-gas-drilling |
| Is Earnings Date Estimate | 0 |
| Language | en-US |
| Last Fiscal Year End | 1,767,139,200 |
| Long Business Summary | Sable Offshore Corp. operates as an independent oil and gas company in the United States. The company operates through three platforms located in federal waters offshore California. It also owns and operates 16 federal leases across approximately 76,000 acres, as well as subsea pipelines that transports crude oil, natural gas, and produced water from the platforms to the onshore processing facilities. The company was formerly known as Flame Acquisition Corp. and changed its name to Sable Offshore Corp. in February 2024. Sable Offshore Corp. was incorporated in 2020 and is headquartered in Houston, Texas. |
| Long Name | Sable Offshore Corp. |
| Market | us_market |
| Market Cap | 861,494,336 |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_703620678 |
| Most Recent Quarter | 1,782,777,600 |
| Name Change Date | 2,026-08-28 |
| Net Income To Common | -433,793,984 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 894,112,205 |
| Number Of Analyst Opinions | 3 |
| Open | 4.55 |
| Operating Cashflow | -281,560,992 |
| Operating Margins | -0.48783 |
| Overall Risk | 10 |
| Payout Ratio | 0.0 |
| Phone | 713 579 6161 |
| Post Market Change | 0.14660025 |
| Post Market Change Percent | 3.265039 |
| Post Market Price | 4.6366 |
| Post Market Time | 1,787,961,085 |
| Prev Name | Flame Acquisition Corp. |
| Previous Close | 4.66 |
| Price Eps Current Year | -2.0596328 |
| Price Hint | 4 |
| Price To Book | 1.6001425 |
| Price To Sales Trailing12 Months | 6.22485 |
| Profit Margins | 0.0 |
| Quick Ratio | 0.161 |
| Quote Source Name | Delayed Quote |
| Quote Type | EQUITY |
| Recommendation Key | strong_buy |
| Recommendation Mean | 1.0 |
| Region | US |
| Regular Market Change | -0.17 |
| Regular Market Change Percent | -3.64807 |
| Regular Market Day High | 4.7199 |
| Regular Market Day Low | 4.49 |
| Regular Market Day Range | 4.49 - 4.7199 |
| Regular Market Open | 4.55 |
| Regular Market Previous Close | 4.66 |
| Regular Market Price | 4.49 |
| Regular Market Time | 1,787,947,202 |
| Regular Market Volume | 5,680,414 |
| Return On Assets | -0.14023 |
| Return On Equity | -1.03207 |
| Revenue Per Share | 1.077 |
| Sand P52 Week Change | 0.20504117 |
| Sector | Energy |
| Sector Disp | Energy |
| Sector Key | energy |
| Share Holder Rights Risk | 8 |
| Shares Outstanding | 191,869,572 |
| Shares Percent Shares Out | 0.2409 |
| Shares Short | 46,216,431 |
| Shares Short Previous Month Date | 1,784,073,600 |
| Shares Short Prior Month | 45,084,598 |
| Short Name | Sable Offshore Corp. |
| Short Percent Of Float | 0.3078 |
| Short Ratio | 5.87 |
| Source Interval | 15 |
| State | TX |
| Symbol | SOC |
| Target High Price | 11.0 |
| Target Low Price | 9.0 |
| Target Mean Price | 10.33333 |
| Target Median Price | 11.0 |
| Total Cash | 21,599,000 |
| Total Cash Per Share | 0.113 |
| Total Debt | 987,532,992 |
| Total Revenue | 138,396,000 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -3.12 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 9.51755 |
| Two Hundred Day Average Change | -5.0275507 |
| Two Hundred Day Average Change Percent | -0.52823997 |
| Type Disp | Equity |
| Volume | 5,680,414 |
| Website | https://www.sableoffshore.com |
| Zip | 77,002 |