How to Buy Sable Offshore Stock
Sable Offshore Corp
Sable Offshore is a oil and gas company located in Texas, United States, which is part of the Energy sector, and is traded under the ticker SOC on the NYSE exchange.
Sable Offshore stock last closed at $10.48, down 1.32% from the previous day, and has increased 3.25% in one year. It has underperformed other stocks in the Oil & Gas E&P industry by 0.15 percentage points. Sable Offshore stock is currently +3.66% from its 52-week low of $10.11, and -20.3% from its 52-week high of $13.15.
At the moment, there are 60.17M SOC shares outstanding. The market capitalization of SOC is $630.54M. In the last 24 hours, 222,313 SOC shares were traded.
How to Buy Sable Offshore Stock
Wondering how to invest in Sable Offshore stock? Here's how.
- Decide where to buy Sable Offshore stock: You need to pick a stock brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you choose where to buy Sable Offshore stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit funds into your investment account: Select your payment method and add your details.
- Analyze Sable Offshore stock: The Sable Offshore ticker symbol is SOC. Is Sable Offshore stock a good investment? Should you buy shares of SOC? How do SOC's underlying business fundamentals look? Do top analysts think Sable Offshore is a good buy? Why has SOC's stock price moved recently? (Hint: Our stock market research tools can help you decide if SOC is a good stock to buy).
- Execute your SOC buy order: Decide if you will purchase SOC shares at the current market price or use a limit order to purchase SOC shares at a given price.
- Get key alerts regarding your SOC investment: Create a watchlist to get live updates on your new investment in Sable Offshore stock.
Step 1: Decide where to buy Sable Offshore stock
You will need a brokerage account in order to access the NYSE market and buy SOC stock.
Our recommended brokerage: eToro
Based on our experience, eToro is the best place to buy stocks. eToro gives you:
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- Social investing: eToro boasts a community of more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your purchase of stock by opening an account with eToro now.
Open eToro AccountStep 2: Open your brokerage account
Now that you've selected your brokerage, you'll need to fill out some personal info so you can buy SOC stock today.
How to Create a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to start a new brokerage account.
- Send your information by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you've created your account on the best stock broker app, your next step is to transfer the money for your investment:
Check out the tutorial below for more details transferring money into your brokerage account.
Step 4: Analyze Sable Offshore stock
After you have identified the best place to buy Sable Offshore stock, it's absolutely critical to evaluate their stock prior to investing, so you actually wrap your head around the risk as well as the opportunity.
Sable Offshore stock quick numbers
Sable Offshore Due Diligence Checks
WallStreetZen was created to help average investors do better fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on SOC's stock page.
Is SOC stock undervalued or overvalued?
Analysts use many financial metrics, analyses, models, and charts to gauge SOC's true value.
Using relative valuations measures:
- SOC could be undervalued based on its P/B ratio of 1.81x, relative to Oil & Gas E&P industry P/B ratio of 2.15x
You can access more valuation analysis on SOC's stock here.
Is SOC a healthy company?
Pros:
- There are more short-term assets than short-term liabilities on the SOC balance sheet.
Cons:
- There are more long-term liabilities than short-term assets on the SOC balance sheet.
- SOC has cash burn of 55493900. It does not have enough cash and short-term investments to cover this.
- SOC has $0.00 in cash and short term investments. This is not enough to cover its annual cash burn of $55.49M.
- SOC has a relatively high debt to equity ratio of 1.05.
SOC Technicals
What are SOC executives and large shareholders up to?
In the past 12 months, insiders at SOC have bought more shares than they have sold.
James C. Flores, Chairman CEO of SOC, was the latest SOC insider to buy. They bought $25,000,000.00 worth of SOC shares on Feb 14, 2024.
Get more info about who owns SOC shares here.
Can I get consistent income from SOC stock?
No, Sable Offshore doesn't provide an income stream by paying out dividends.
What do other traders have to say about SOC?
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Execute your SOC buy order
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are mostly fine for most investors. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at an exact price limit, use a limit order.
Click the Open button and eToro will place the order.
If you need more assistance investing in stocks on eToro, click the helpful video below:
Step 6: Get key alerts regarding your SOC investment
Now that you own some SOC shares, you'll want to keep up with your shares.
Create a watchlist to track your SOC stock.
SOC Feed
How to Buy Stock in Sable Offshore
To summarize, here are the 6 steps you need to take to buy Sable Offshore stock right now:
- Decide where to buy Sable Offshore stock
- Open your brokerage account
- Deposit funds into your investment account
- Analyze Sable Offshore stock
- Execute your SOC buy order
- Get key alerts regarding your SOC investment
If you need a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to watch your new investment in Sable Offshore, create a watchlist on WallStreetZen today.
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