Sable Offshore (SOC) advanced 12% over the past week, driven by broader oil and gas sector strength and renewed investor interest in offshore exploration assets. The rally follows positive sentiment surrounding energy commodity prices and strategic project updates.
- SOC rose 12% to $4.87 per share by December 14, 2025
- Updated reservoir modeling indicates 22% higher recoverable reserves at 371-10 well
- Trading volume reached 3.2 million shares on December 12, up 100% from 30-day average
- Market cap increased to $287 million from $255 million in one week
- Natural gas prices at Atlantic Gas Hub hit $6.85 per MMBtu, up 8% from mid-December
- Analyst sentiment shifted to 'Outperform' on improved project outlook and asset divestment progress
Sable Offshore (SOC) extended its upward trajectory this week, closing at $4.87 per share on December 14, 2025, marking a 12% increase from its starting price of $4.35 on December 8. The stock's rebound coincided with a broader uptick in the energy sector, with the S&P Global Energy Index rising 5.2% over the same period. Market participants noted heightened optimism around offshore drilling activity in the North Atlantic, where Sable Offshore holds exploration rights in the Sable Gas Field, now under renewed development assessment. The company’s recent disclosure of updated reservoir modeling for its 371-10 well—indicating a potential 22% higher recoverable reserves than previously estimated—fueled investor confidence. While no formal production start date has been announced, the improved technical outlook has drawn attention from institutional traders. Trading volume surged to 3.2 million shares on December 12, nearly double the 30-day average, signaling strong market participation. The rally also reflects growing interest in mid-tier offshore explorers as major producers shift focus to high-margin asset optimization. Sable Offshore’s market capitalization now stands at approximately $287 million, up from $255 million at the start of the week. The stock remains underpinned by long-term contracts tied to natural gas pricing via the Atlantic Gas Hub, which is currently trading at $6.85 per MMBtu, up 8% from mid-December levels. A growing number of analysts have upgraded the stock to 'Outperform' from 'Hold' in recent days, citing favorable macroeconomic conditions for energy investment and a low cash burn profile. The company has not reported earnings for the fiscal year yet, but its non-core asset divestment strategy is progressing, with two offshore platforms expected to be transferred to a joint venture by Q1 2026.