Sable Offshore (SOC) vs. The Competition Head-To-Head Survey

Sable Offshore (NYSE:SOC) is one of 20 publicly-traded companies in the “OIL – US INTEGRTD” industry, but how does it contrast to its peers? We will compare Sable Offshore to related businesses based on the strength of its dividends, risk, profitability, analyst recommendations, earnings, institutional ownership and valuation.

Risk & Volatility

Sable Offshore has a beta of 0.46, suggesting that its stock price is 54% less volatile than the S&P 500. Comparatively, Sable Offshore’s peers have a beta of 12.44, suggesting that their average stock price is 1,144% more volatile than the S&P 500.

Valuation & Earnings

This table compares Sable Offshore and its peers top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Sable Offshore	N/A	-$629.07 million	-1.37
Sable Offshore Competitors	$6.62 billion	$947.96 million	9.01

Sable Offshore’s peers have higher revenue and earnings than Sable Offshore. Sable Offshore is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Institutional and Insider Ownership

26.2% of Sable Offshore shares are owned by institutional investors. Comparatively, 60.8% of shares of all “OIL – US INTEGRTD” companies are owned by institutional investors. 36.4% of Sable Offshore shares are owned by insiders. Comparatively, 7.2% of shares of all “OIL – US INTEGRTD” companies are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

Profitability

This table compares Sable Offshore and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Sable Offshore	N/A	-86.58%	-19.23%
Sable Offshore Competitors	21.22%	15.04%	6.15%

Analyst Ratings

This is a breakdown of current ratings and price targets for Sable Offshore and its peers, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Sable Offshore	2	0	5	0	2.43
Sable Offshore Competitors	405	1822	1993	83	2.41

Sable Offshore currently has a consensus target price of $19.60, indicating a potential upside of 340.45%. As a group, “OIL – US INTEGRTD” companies have a potential upside of 15.76%. Given Sable Offshore’s stronger consensus rating and higher possible upside, equities analysts clearly believe Sable Offshore is more favorable than its peers.

Summary

Sable Offshore peers beat Sable Offshore on 9 of the 13 factors compared.

Sable Offshore Company Profile

Sable Offshore Corp. engages in the oil and gas exploration and development activities in the United States. The company operates through three platforms located in federal waters offshore California. It owns and operates 16 federal leases across approximately 76,000 acres and subsea pipelines, which transport crude oil, natural gas, and produced water from the platforms to the onshore processing facilities. The company was formerly known as Flame Acquisition Corp. and changed its name to Sable Offshore Corp. in February 2024. Sable Offshore Corp. was incorporated in 2020 and is based in Houston, Texas.