The share price of Sable Offshore Corp. (NYSE:SOC) surged by 35.52% between July 15 and July 22, 2025, putting it among the Energy Stocks that Gained the Most This Week.
An offshore drilling rig in the Gulf of Mexico surrounded by a sea of blue.
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) soared recently after a California court ruling allowed the company to move forward with certain preparatory steps for restarting its Las Flores pipelines, but prohibited the actual restart pending the receipt of a signed notice of compliance.
Following the development, Jefferies analyst Lloyd Byrne stated that Sable Offshore Corp. (NYSE:SOC) is on track to have the injunction lifted and to restart Santa Ynez Unit operations. Moreover, Roth Capital analyst Leo Mariani also stated 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’.
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Disclosure: None.