The share price of Sable Offshore Corp. (NYSE:SOC) fell by 17.47% between November 3 and November 10, 2025, putting it among the Energy Stocks that Lost the Most This Week.
Sable Offshore Corp. is an independent upstream company focused on developing the Santa Ynez Unit in federal waters offshore California.
Sable Offshore Corp. plummeted to an all-time low this week after the company announced plans to extend the maturity of its loan with Exxon Mobil contingent upon raising at least $225 million through a stock offering.
Sable Offshore Corp. also came under intense pressure on October 31 when short-seller Hunterbrook alleged that the company had selectively disclosed information to investors, including professional golfer Phil Mickelson. Sable responded by saying that it had formed a special committee to investigate the matter.
However, Sable Offshore Corp. bounced back strongly on November 10 when the company announced a $250 million private placement of shares to institutional investors, with plans to use the proceeds for general corporate purposes.
Sable Offshore Corp. also attracted increased analyst attention following the news, with Jefferies nearly halving the stock’s price target from $38 to $20 on November 11. Despite the significant drop in price target, the firm maintained its ‘Buy’ rating on SOC.
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