Sable Offshore Corp’s recently made public 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 $330.89 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 $263.42 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 Tuesday, Sable Offshore Corp [NYSE:SOC] saw its stock fall -0.79% to $32.76. Over the last five days, the stock has gained 16.75%. Sable Offshore Corp shares have risen nearly 43.06% since the year began. Nevertheless, the stocks have risen 133.67% over the past one year. While a 52-week high of $35.00 was reached on 05/19/25, a 52-week low of $12.73 was recorded on 04/09/25. SMA at 50 days reached $22.92, while 200 days put it at $22.44.
Levels Of Support And Resistance For SOC Stock
The 24-hour chart illustrates a support level at 32.08, which if violated will result in even more drops to 31.41. On the upside, there is a resistance level at 34.01. A further resistance level may holdings at 35.27. The Relative Strength Index (RSI) on the 14-day chart is 78.09, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.54, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.71%. Stochastics %K at 91.05% indicates the stock is a selling.
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.
