Stock SOC SABLE OFFSHORE CORP.
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Company Sable Offshore Corp.

Equities

SOC

US78574H1041

Oil & Gas Exploration and Production

Market Closed - Nyse
Other stock markets
 04:00:02 2024-04-22 pm EDT 		5-day change 1st Jan Change
10.54 USD +1.44% Intraday chart for Sable Offshore Corp. -3.04% -7.46%
Mar. 28 Sable Offshore Corp. Reports Earnings Results for the Full Year Ended December 31, 2023 CI
Feb. 14 Flame Acquisition Corp. announced that it has received $440.2491 million in funding CI

Business Summary

Sable Offshore Corp., formerly Flame Acquisition Corp, is focused on interests in certain oil and gas properties located offshore in the Santa Ynez Unit (SYU). SYU consists of three offshore platforms and a wholly owned onshore processing facility located along the Gaviota Coast at Las Flores Canyon in Santa Barbara County, California. The offshore position comprises 16 federal leases across approximately 76,000 acres. The Company’s Hondo platform and the Harmony platform develop the Hondo Field, and the Heritage platform develops the Pescado and Sacate Fields. The platforms are located five to nine miles offshore of Santa Barbara County in shallow water depths of 900 to 1,200 feet and service 112 wells, comprised of 90 producers, 12 injectors and 10 idle with an additional 102 identified, undrilled opportunities. The onshore facilities occupy approximately 35 acres and are comprised of an oil treating plant, a biologic/physical water treating plant, POPCO gas plant, and others.

Number of employees: 106

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 60,166,269 41,973,144 ( 69.76 %) 0 69.76 %

Shareholders

NameEquities%Valuation
James Flores
17.43 %
10,488,750 17.43 % 115 M $
Pilgrim Global ICAV
13.30 %
8,000,000 13.30 % 88 M $
Christopher Sarofim
5.978 %
3,596,875 5.978 % 39 M $
Adage Capital Management LP
5.069 %
3,050,000 5.069 % 33 M $
Fayez Sarofim & Co.
4.986 %
3,000,000 4.986 % 33 M $
Harraden Circle Investments LLC
2.208 %
1,328,760 2.208 % 15 M $
Fort Baker Capital Management LP
1.139 %
685,465 1.139 % 8 M $
Fort Baker Capital Management LP
1.139 %
685,465 1.139 % 8 M $
Sculptor Capital LP
0.9998 %
601,542 0.9998 % 7 M $
Kepos Capital LP
0.8310 %
500,000 0.8310 % 5 M $
NameEquities%Valuation
Sculptor Capital LP
-
1,236,600 - 3 M $
Adage Capital Partners GP LLC
-
1,183,334 - 3 M $
Cowen & Co. LLC
-
766,955 - 2 M $
Fort Baker Capital Management LP
-
689,792 - 2 M $
First Pacific Advisors LP
-
620,874 - 2 M $
Shaolin Capital Management LLC
-
504,100 - 1 M $
Highbridge Capital Management LLC
-
499,700 - 1 M $
JPMorgan Investment Management, Inc.
-
449,953 - 1 M $
UBS Financial Services, Inc.
-
300,000 - 774 000 $
Goldman Sachs & Co. LLC
-
267,503 - 690 158 $

Sector

Energy
Energy - Fossil Fuels
Oil & Gas
Oil & Gas Exploration and Production
Oil Exploration & Production - Offshore

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
10.54 USD
Average target price
20 USD
Spread / Average Target
+89.75%
Consensus

Annual profits - Rate of surprise

Company calendar

Sector Oil Exploration & Production - Offshore

1st Jan change Capi.
SABLE OFFSHORE CORP. Stock Sable Offshore Corp.
-7.46% 634M
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OKEA ASA Stock OKEA ASA
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COHEN DEVELOPMENT GAS & OIL LTD. Stock Cohen Development Gas & Oil Ltd.
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MERMAID MARITIME Stock Mermaid Maritime
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AFRICA ENERGY CORP. Stock Africa Energy Corp.
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Oil Exploration & Production - Offshore
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