Here is Why Sable Offshore (SOC) Fell Recently

The share price of Sable Offshore Corp. (NYSE:SOC) fell by 3.74% between July 22 and July 29, 2025, putting it among the Energy Stocks that Lost the Most This Week.

Drilling rig silhouetted against a setting sun in an offshore location.

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

Sable Offshore Corp. (NYSE:SOC) gained over 40% earlier this month after a California court ruling allowed the company to move forward with certain preparatory steps for restarting its Las Flores pipelines, marking a significant milestone. Moreover, the company received encouraging remarks from the market, with  Roth Capital analyst Leo Mariani also stating that the ruling means the ‘path is paved’ for Sable to receive a final affirmative ruling for its offshore pipeline to be restarted in the ‘very near future’.

So the slight downturn in the company’s share price recently could be due to investors cashing in their profits.

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Disclosure: None.