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Here is Why Sable Offshore (SOC) Fell to a New Low This Week
Yahoo Financeยท 2025-11-20 03:25
Core Insights - Sable Offshore Corp. (NYSE:SOC) experienced a significant decline in share price, falling by 36.38% from November 11 to November 18, 2025, marking it as one of the worst-performing energy stocks during that week [1] - The company reported a net loss of $110.4 million for the third quarter, with a loss per share of $1.46, which was $0.60 below analysts' estimates [3] - Analysts have recently downgraded the stock's price targets, with Roth Capital reducing it from $26 to $22 while maintaining a 'Buy' rating, and Jefferies lowering it from $38 to $20, also keeping a 'Buy' rating [4] Financial Performance - Sable Offshore's cash and cash equivalents stood at $41.6 million at the end of the third quarter, while short-term outstanding debt was reported at $896.6 million, including paid-in-kind interest [3] - The share price has plummeted over 80% since the beginning of 2025, indicating a severe downturn in investor confidence [4] Market Sentiment - The company has attracted negative attention from analysts following its disappointing financial results, contributing to the decline in stock price [4] - Despite the negative outlook, some analysts still maintain a 'Buy' rating, suggesting potential long-term value [4]