Here is Why Sable Offshore (SOC) Surged This Week

From Yahoo Finance: 2025-05-22 01:58:00

Sable Offshore Corp. (SOC) saw its share price surge by 13.47% between May 14 and May 21, 2025, making it one of the Energy Stocks that Gained the Most This Week.

The Houston-based independent upstream company, Sable Offshore Corp. (SOC), focuses on developing the Santa Ynez Unit in federal waters offshore California.

SOC restarted oil production at the Santa Ynez Unit, with plans to sell oil from the Las Flores Pipeline System in July 2025. Analysts at TD Cowen raised the stock’s price target from $31 to $40 following this news.

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Read more at Yahoo Finance: Here is Why Sable Offshore (SOC) Surged This Week