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The share price of Sable Offshore Corp. (NYSE:SOC) surged by 13.47% between May 14 and May 21, 2025, putting it among the Energy Stocks that Gained the Most This Week. Let’s shed some light on the development.

A vertical offshore oil rig in the middle of a calm sea, symbolizing the company’s oil and gas exploration.

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) received a boost this week after the company announced that it had restarted oil production at the previously dormant Santa Ynez Unit, with anticipation of oil sales from the Las Flores Pipeline System in July 2025. This marked a major milestone for the energy company, which acquired the unit for $883 million from Exxon last year, and has since been busy conducting repairs and tackling regulatory challenges necessary to restart production. SOC expects to fill the roughly 540,000 barrels of crude oil storage capacity at Las Flores Canyon by mid-June and to recommence oil sales the following month.

Following the development, analysts at TD Cowen raised the stock’s price target from $31 to $40, while reiterating a Buy rating.

While we acknowledge the potential of SOC to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than SOC but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

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Disclosure: None.