Here is Why Sable Offshore (SOC) Fell This Week

By Sultan Khalid | June 11, 2025, 11:36 PM

The share price of Sable Offshore Corp. (NYSE:SOC) fell by 4.66% between June 3 and June 10, 2025, putting it among the Energy Stocks that Lost the Most This Week. Let’s shed some light on the development.

Here is Why Sable Offshore (SOC) Fell This Week

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) continues to sink after Santa Barbara County Superior Court Judge Donna Geck ordered the company to halt restart efforts on the operation’s onshore pipeline system while a related lawsuit is being resolved. The restraining order will remain in effect through at least mid-July and could even be extended. As a result, Sable has now pushed back their restart timeline from the beginning of July to August 1, 2025.

Sable Offshore Corp. (NYSE:SOC) posted significant gains in May after the company announced that it had restarted oil production at the previously dormant Santa Ynez Unit. However, the stock has now sunk by more than 30% over the last two weeks following the interventions by the court and the California Coastal Commission.

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Disclosure: None.

Mentioned In This Article

SOC

-1.02%

Sable Offshore Corp

Latest News

Jun-11	Here is Why Sable Offshore (SOC) Fell This Week SOC Insider Monkey
Jun-11	Kirby McInerney LLP is Investigating Potential Shareholder Claims Against Sable Offshore Corp. (SOC) SOC Business Wire
Jun-02	3 Top-Rated Energy Companies Staging Strong Recoveries SOC MarketBeat
May-30	Sable Offshore Corp. (SOC): A Bull Case Theory SOC Insider Monkey
May-29	Why Sable Offshore Corp. (SOC) Went Down On Wednesday SOC Insider Monkey
May-27	Jefferies Hikes Sable Offshore Price Target, Maintains Buy Rating SOC Insider Monkey
May-23	Sable Offshore Corp. Announces Closing of Upsized Public Offering of Common Stock and Full Exercise of Underwriters Option SOC Business Wire
May-22	Here is Why Sable Offshore (SOC) Surged This Week SOC Insider Monkey
May-21	Sable Offshore Corp. Announces Upsize and Pricing of Public Offering of Common Stock SOC Business Wire
May-21	Sable Offshore Corp. Announces Proposed Public Offering of Common Stock SOC Business Wire
May-20	Sable Offshore price target raised to $40 from $31 at TD Cowen SOC TipRanks
May-19	Why Sable Offshore Corp. (SOC) Surged Today SOC Insider Monkey
May-19	Sable Offshore Hits Major Milestone with Production Restart at Santa Ynez SOC Insider Monkey
May-19	Sable Offshore Corp. Reports Restart of Oil Production at the Santa Ynez Unit and Anticipated Oil Sales from the Las Flores Pipeline System in July 2025 SOC Business Wire
May-09	Sable Offshore Corp. Reports First Quarter 2025 Financial and Operational Results SOC Business Wire

Here is Why Sable Offshore (SOC) Fell This Week

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