Sable Offshore Corp. (SOC)
Sable Offshore Corp. operates in the Oil & Gas Drilling industry of the Energy sector, headquartered in Houston, TX, US. The stock last traded at $4.42, down 4.95% on the session, giving a market capitalisation of $824.9M. On trailing twelve-month figures it carries a trailing P/E of -1.29, a net margin of -313.4%. Its beta of -0.14 implies it has historically moved less than the broad market.
Sable Offshore Corp. (SOC) specializes in the exploration and production of oil and natural gas across the United States. The company's operational assets include three offshore platforms located off the California coast, along with an onshore processing facility. These operations are supported by 16 federal leases that encompass approximately 76,000 acres. Established in 2020, the firm was previously known as Flame Acquisition Corp. before officially adopting the name Sable Offshore Corp. in February 2024. Its corporate headquarters are situated in Houston, Texas.
Sable Offshore Corp. is most often compared with the following Energy names: