The share price of Sable Offshore Corp. (NYSE:SOC) fell by 10.82% between November 19 and November 26, 2025, putting it among the Energy Stocks that Lost the Most This Week.
Sable Offshore Corp. (NYSE:SOC) is an independent upstream company focused on developing the Santa Ynez Unit in federal waters offshore California.
Sable Offshore Corp. (NYSE:SOC) continued on its downward trajectory and tumbled to a new low after posting a higher-than-expected loss for its Q3 on November 13. The company’s net loss was $110.4 million, primarily due to production restart-related operating expenses and non-cash interest expense. Moreover, it ended the quarter with a cash and cash equivalents balance of $41.6 million, against short-term outstanding debt of $896.6 million, inclusive of paid-in-kind interest.
Sable Offshore Corp. (NYSE:SOC) has also been the subject of negative analyst attention recently. On November 11, Jefferies significantly trimmed its price target on the stock from $38 to $20 while maintaining its ‘Buy’ rating. Earlier on November 10, Roth Capital also reduced its price target on SOC from $26 to $22, while maintaining a ‘Buy’ rating on its shares.
The share price of Sable Offshore Corp. (NYSE:SOC) has fallen by over 82% since the beginning of 2025.
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