5 Best American Energy Stocks to Buy According to Wall Street Analysts

2. Sable Offshore Corp. (NYSE:SOC) 

Upside Potential as of April 10: 82.65%

Sable Offshore Corp. (NYSE:SOC) is an independent upstream company focused on developing the prolific Santa Ynez Unit in federal waters offshore California.

Sable Offshore Corp. (NYSE:SOC) announced that on March 29, it had finally initiated oil sales from its Santa Ynez pipeline system in California, marking a key milestone in the phased restart of production across the Santa Ynez Unit. The company revealed that Platform Harmony was already producing 22,000 gross barrels of oil per day at the Unit.

Moreover, Sable Offshore Corp. (NYSE:SOC) also unveiled plans to commence production restart at Platform Heritage on March 30, at an expected total rate of more than 30,000 gross bpd. Meanwhile, the company’s third asset, Platform Hondo, is also expected to come online by the end of Q2 2026, with projected output of more than 10,000 bpd. This will take the total output from the Santa Ynez Unit to over 60,000 barrels per day.

Notably, Sable Chairman and CEO, Jim Flores also revealed that the company was commencing oil sales through the Santa Ynez Pipeline System to Chevron.