Sable Offshore (SOC) PT Raised After Company Resumes Santa Ynez Oil Transport

Sable Offshore Corp. (NYSE:SOC) is included among the 14 Best Energy Stocks to Buy According to Wall Street Analysts.

Sable Offshore (SOC) PT Raised After Company Resumes Santa Ynez Oil Transport

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

On March 16, Roth Capital upped its price target on Sable Offshore Corp. (NYSE:SOC) from $22 to $24, while maintaining a ‘Buy’ rating on the shares. The revised target, which indicates an upside of almost 31% from the current levels, comes after the company announced that it had finally resumed oil transportation through the Santa Ynez Pipeline System earlier this month.

The development comes after the Trump administration officially directed Sable Offshore Corp. (NYSE:SOC) to ​restore oil drilling operations off the California coast, in a bid to ease the global supply disruptions created by the conflict in the Middle East. The President’s Defense Production Act order is aimed at ‘ensuring that West Coast military installations have the reliable energy critical to military readiness’. Sable now expects sales to commence on April 1.

As a result, Roth raised Sable’s earnings estimate for FY 2026 by 26% to reflect the company’s higher output, with the FY 2027 estimate also being bumped by 5%. The analyst cited the company’s higher cash flows for the target increase.

Sable Offshore Corp. (NYSE:SOC) was also recently included in our list of The $200 Oil Playbook: 10 Energy Stocks Positioned to Outperform as the Strait Remains Closed.

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