How to Buy Sable Offshore Stock
Sable Offshore Corp
Sable Offshore is a oil & gas drilling 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 $19.67, up 3.25% from the previous day, and has increased 86.62% in one year. It has overperformed other stocks in the Oil & Gas Drilling industry by 0.93 percentage points. Sable Offshore stock is currently +94.56% from its 52-week low of $10.11, and -31.39% from its 52-week high of $28.67.
There are currently 89.1M SOC shares outstanding. The market capitalization of SOC is $1.75B. In the past 24 hours, 1.14M SOC shares were traded.
How to Buy Sable Offshore Stock
Not sure how to invest in Sable Offshore stock? Here's how.
- Decide where to buy Sable Offshore stock: You need to choose a stock brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you choose where to buy Sable Offshore stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit funds into your investment account: Choose your payment method and add your information.
- 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 analysis website can help you figure out 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 buy SOC stock at a given price.
- Get key alerts regarding your SOC investment: Create a watchlist to get live updates on your investment in Sable Offshore shares.
Step 1: Decide where to buy Sable Offshore stock
You need a brokerage account in order to access the NYSE market and buy SOC stock.
Our favorite brokerage: eToro
Based on our experience, eToro is the best place to buy stocks. Here's why:
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- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your share purchase by creating an account with eToro now.
Open eToro AccountStep 2: Open your brokerage account
Now that you've chosen the best brokerage, you need to fill out some personal information so you are able to invest in SOC today.
How to Open a New Investment 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.
- Input your personal data to open your new trading account.
- Submit your data by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you have opened your account on the highest rated app to buy and sell stocks, your next step is to transfer the money for your investment:
Check out the tutorial below to see the process of depositing funds into your new investment account.
Step 4: Analyze Sable Offshore stock
After you have chosen the best place to buy Sable Offshore stock, it's critical to research their stock prior to buying, so you actually wrap your head around the risk as well as the upside.
Sable Offshore Numbers
Sable Offshore Overview
WallStreetZen was designed to help part-time investors perform more accurate fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on SOC's stock page.
How is SOC stock valued?
Analysts use many financial metrics, analyses, models, and charts to gauge SOC's fair value.
Using relative valuations methods:
- SOC may be overvalued based on its P/B ratio of 10.46x, relative to Oil & Gas Drilling industry P/B ratio of 0.8x
You can do additional valuation analysis on SOC's stock here.
SOC Financial Health Overview
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 a relatively high debt to equity ratio of 7.8.
Is Sable Offshore stock a Buy, Hold, or Sell, according to analysts?
Out of 3 sell side analysts who monitor SOC, the consensus analyst rating on SOC is a Buy
Please note that analyst ratings are not stock recommendations, nor are they investment advice.
You can dig deeper into what analysts are saying on the Sable Offshore stock forecast page.
SOC Trading Indicators
Who is buying/selling SOC?
Over the last year, executives and large shareholders at SOC have bought more shares than they have sold.
Gregory Phillip Pipkin, Director of SOC, was the latest SOC insider to buy. They bought $86,250.00 worth of SOC shares on Nov 1, 2024.
Dig into more about who owns SOC shares here.
Does SOC stock generate passive income?
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 primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Execute your SOC buy order
You have two primary order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually sufficient. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a particular price limit, place a limit order.
Press the Open button and your broker will execute the order.
If you need more info about investing in stocks on eToro, watch the how to video below:
Step 6: Get key alerts regarding your SOC investment
Now that you own some shares in SOC, you'll want to stay up-to-date on your new company.
Put SOC on a watchlist to get notified of the latest news about your SOC stock.
SOC Feed
How to Buy Stock in Sable Offshore
To summarize, here are the 6 steps for buying Sable Offshore stock:
- 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 brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get updates on your new investment in Sable Offshore, click below.
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