Sable Offshore Corp. (SOC)
Sable Offshore Corp. (SOC) is a company involved in offshore oil and gas exploration and production activities. It focuses on developing and operating offshore assets, primarily in deepwater and ultra-deepwater environments. SOC is engaged in the extraction of hydrocarbons from subsea reservoirs, supporting the energy industry with innovative offshore solutions.
Company News
Law firm Bragar Eagel & Squire is investigating Sable Offshore Corporation for potential breaches of fiduciary duties related to a stock offering and claims about oil production restart, following a class action lawsuit filed in July 2025.
A class action lawsuit has been filed against Sable Offshore Corporation alleging misleading statements about oil production restart and stock offering, resulting in significant stock price declines.
Oil prices fell 7% this week, driven by weak U.S. economic data. This impacted energy stocks, with Transocean and Vital Energy seeing significant declines. However, Sable Offshore gained 29.5% after reaching a settlement to restart production. The oil industry faces challenges as demand weakens with the slowing economy.
SABLE OFFSHORE (SOC) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.