SOC
Price:
$5.405
Market Cap:
$537.84M
Sable Offshore Corp. engages in the oil and gas exploration and development activities in the United States. It operates through three platforms located offshore California and an onshore processing facility comprised of 16 federal leases across approximately 76,000 acres. The company was formerly known as Flame Acquisition Corp. and changed its name to Sable Offshore Corp. in February 2024. Sable Offshore Corp. was incorporated in 2020 and is based in Houston, Texas.
Industry
Oil & Gas Drilling
IPO Date
2021-04-19
Stock Exchange
NYSE
Ticker
SOC
According to Sable Offshore Corp.’s latest financial reports and current stock price. The company's current ROE is 46.96%. This represents a change of 426.50% compared to the average of 8.92% of the last 4 quarters.
The mean historical ROE of Sable Offshore Corp. over the last ten years is -39.57%. The current 46.96% ROE has changed -218.67% with respect to the historical average. Over the past ten years (40 quarters), SOC's ROE was at its highest in in the June 2023 quarter at 144.00%. The ROE was at its lowest in in the December 2023 quarter at -316.27%.
Average
-39.57%
Median
-7.10%
Minimum
-163.74%
Maximum
1.56%
Discovering the peaks and valleys of Sable Offshore Corp. ROE, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 2.80%
Maximum Annual ROE = 1.56%
Minimum Annual Increase = -161.20%
Minimum Annual ROE = -163.74%
| Year | ROE | Change |
|---|---|---|
| 2024 | -163.74% | 492.61% |
| 2023 | -27.63% | 2.80% |
| 2022 | -0.95% | -161.20% |
| 2021 | 1.56% | -121.92% |
The current ROE of Sable Offshore Corp. (SOC) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages
3-year avg
-64.11%
5-year avg
-39.57%
10-year avg
-39.57%
Sable Offshore Corp.’s ROE is greater than Kosmos Energy Ltd. (-31.24%), less than Nabors Industries Ltd. (47.88%), less than Tsakos Energy Navigation Limited (7.10%), less than Borr Drilling Limited (5.46%), greater than Clean Energy Fuels Corp. (-31.01%), less than TXO Partners, L.P. (1.98%), less than NGL Energy Partners LP (22.72%), less than Precision Drilling Corporation (6.26%), less than Granite Ridge Resources, Inc (5.92%),
| Company | ROE | Market cap |
|---|---|---|
| -31.24% | $540.51M | |
| 47.88% | $839.60M | |
| 7.10% | $539.36M | |
| 5.46% | $1.04B | |
| -31.01% | $508.78M | |
| 1.98% | $685.35M | |
| 22.72% | $1.23B | |
| 6.26% | $941.04M | |
| 5.92% | $704.82M |
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