Why Sable Offshore Corp. (SOC) Surged Today

We recently published a list of 10 Stocks That Stole the Show Today. In this article, we are going to take a look at where Sable Offshore Corp. (NYSE:SOC) stands against other stocks that stole the show today.

Ten mid-cap companies from diverse sectors stood out on Monday, outperforming the lackluster performance of major indices, thanks to a flurry of corporate developments that sparked investor appetite.

While the firms boasted between 5 and 14 percent gains, the Dow Jones rose by only 0.32 percent, while the S&P 500 and the tech-heavy Nasdaq each inched up by 0.09 percent and 0.02 percent, respectively.

In this article, we list the names of the top-performing stocks and detail the reasons behind their gains.

To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million in trading volume.

Sable Offshore Corp. (NYSE:SOC)

Sable Offshore jumped by 14.41 percent on Monday to finish at $33.02 apiece following news that it officially restarted oil production at the Santa Ynez Unit (SYU) in offshore California, 10 years after it was shut down due to regulatory hurdles and pipeline leaks.

In a statement, Sable Offshore Corp. (NYSE:SOC) said that it initiated last week the flow of oil production from six wells on Platform Harmony of the SYU to the Las Flores Canyon at a rate of ~6,000 barrels of oil per day.

“Sable has been testing wells on Platform Harmony throughout May 2025, and the well tests have performed consistently stronger than they did at the time of shut-in on May 19, 2015, when the SYU produced approximately 45,000 barrels of oil equivalent per day,” it said.

Sable Offshore Corp. (NYSE:SOC) expects to initiate production from the additional 44 wells on Platform Heritage and the additional 26 wells on Platform Hondo in July 2025 and August 2025, respectively.

Following the news, the company doubled its production guidance for the second half of 2025, now between 40,000 to 50,000 boe/pd from the previous 20,000 to 25,000 boe/pd.

Overall, SOC ranks 1st on our list of stocks that stole the show today. While we acknowledge the potential of SOC as an investment, 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 has gone up since the beginning of 2025, while popular AI stocks have 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.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.