Sable Offshore (SOC) & Its Competitors Critical Survey

Sable Offshore (NYSE:SOC) is one of 20 publicly-traded companies in the “OIL – US INTEGRTD” industry, but how does it contrast to its peers? We will compare Sable Offshore to similar businesses based on the strength of its valuation, analyst recommendations, institutional ownership, profitability, earnings, risk and dividends.

Profitability

This table compares Sable Offshore and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Sable Offshore	N/A	-88.48%	-17.69%
Sable Offshore Competitors	22.67%	11.93%	6.31%

Volatility & Risk

Sable Offshore has a beta of 0.51, indicating that its stock price is 49% less volatile than the S&P 500. Comparatively, Sable Offshore’s peers have a beta of 12.44, indicating that their average stock price is 1,144% more volatile than the S&P 500.

Institutional and Insider Ownership

26.2% of Sable Offshore shares are held by institutional investors. Comparatively, 60.8% of shares of all “OIL – US INTEGRTD” companies are held by institutional investors. 36.4% of Sable Offshore shares are held by insiders. Comparatively, 7.2% of shares of all “OIL – US INTEGRTD” companies are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

Earnings & Valuation

This table compares Sable Offshore and its peers gross revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Sable Offshore	N/A	-$629.07 million	-2.53
Sable Offshore Competitors	$6.54 billion	$947.96 million	25.94

Sable Offshore’s peers have higher revenue and earnings than Sable Offshore. Sable Offshore is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Analyst Recommendations

This is a summary of recent recommendations and price targets for Sable Offshore and its peers, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Sable Offshore	2	0	6	0	2.50
Sable Offshore Competitors	393	1793	1973	83	2.41

Sable Offshore currently has a consensus price target of $28.20, suggesting a potential upside of 229.13%. As a group, “OIL – US INTEGRTD” companies have a potential upside of 16.17%. Given Sable Offshore’s stronger consensus rating and higher probable upside, equities analysts plainly believe Sable Offshore is more favorable than its peers.

Summary

Sable Offshore peers beat Sable Offshore on 9 of the 13 factors compared.

About Sable Offshore

Sable Offshore Corp. engages in the oil and gas exploration and development activities in the United States. The company operates through three platforms located in federal waters offshore California. It owns and operates 16 federal leases across approximately 76,000 acres and subsea pipelines, which transport 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 based in Houston, Texas.