Analyst Price Target is $25.00
▲ +17.15% Upside Potential
This price target is based on 6 analysts offering 12 month price targets for Sable Offshore in the last 3 months. The average price target is $25.00, with a high forecast of $37.00 and a low forecast of $6.00. The average price target represents a 17.15% upside from the last price of $21.34.
Current Consensus is
Moderate Buy
The current consensus among 6 polled investment analysts is to moderate buy stock in Sable Offshore. This rating has held steady since September 2024, when it changed from a Buy consensus rating.
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.
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