Sable Offshore Corp’s filing revealed that its 10% Owner Pilgrim Global ICAV unloaded Company’s shares for reported $3.65 million on Apr 17 ’25. In the deal valued at $25.37 per share,143,806 shares were sold. As a result of this transaction, Pilgrim Global ICAV now holds 10,100,569 shares worth roughly $195.75 million.
Then, Pilgrim Global ICAV bought 750,000 shares, generating $15,000,000 in total proceeds. Upon buying the shares at $20.00, the 10% Owner now owns 8,791,001 shares.
Before that, Pilgrim Global ICAV bought 41,000 shares. Sable Offshore Corp shares valued at $633,450 were divested by the 10% Owner at a price of $15.45 per share. As a result of the transaction, Pilgrim Global ICAV now holds 8,041,001 shares, worth roughly $155.83 million.
ROTH MKM initiated its Sable Offshore Corp [SOC] rating to a Buy in a research note published on March 27, 2025; the price target was $30. A number of analysts have revised their coverage, including Pickering Energy Partners’s analysts, who began to cover the stock in mid December with a ‘”an Outperform”‘ rating. Johnson Rice began covering SOC with “Buy” recommendation on November 05, 2024. BWS Financial started covering the stock on October 08, 2024. It rated SOC as “a Sell”.
Price Performance Review of SOC
On Monday, Sable Offshore Corp [NYSE:SOC] saw its stock fall -3.87% to $19.38. Over the last five days, the stock has gained 4.47%. Sable Offshore Corp shares have fallen nearly -15.37% since the year began. Nevertheless, the stocks have risen 87.43% over the past one year. While a 52-week high of $32.33 was reached on 02/19/25, a 52-week low of $10.11 was recorded on 04/09/25. SMA at 50 days reached $24.49, while 200 days put it at $21.70.
Levels Of Support And Resistance For SOC Stock
The 24-hour chart illustrates a support level at 18.58, which if violated will result in even more drops to 17.79. On the upside, there is a resistance level at 19.97. A further resistance level may holdings at 20.57. The Relative Strength Index (RSI) on the 14-day chart is 40.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.64%. Stochastics %K at 36.58% indicates the stock is a holding.
How much short interest is there in Sable Offshore Corp?
A steep rise in short interest was recorded in Sable Offshore Corp stocks on 2025-03-31, growing by 0.35 million shares to a total of 8.52 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 8.17 million shares. There was a rise of 4.06%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on August 13, 2024 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $19 price target.
