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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 $15.37, up 2.33% from the previous day, and has increased 50.54% in one year. It has overperformed other stocks in the Oil & Gas Drilling industry by 0.49 percentage points. Sable Offshore stock is currently +52.03% from its 52-week low of $10.11, and -2.1% from its 52-week high of $15.70.

There are currently 60.17M SOC shares outstanding. The market capitalization of SOC is $924.76M. In the past 24 hours, 464,327 SOC shares were traded.

How to Buy Sable Offshore Stock

Not sure how to invest in Sable Offshore stock? Here's how.
  1. 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.
  2. Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
  3. Deposit funds into your investment account: Choose your payment method and add your information.
  4. 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).
  5. 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.
  6. 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.

A brokerage account allows you to buy and sell a variety of investments, including stocks, bonds, mutual funds, and ETFs.

Our favorite brokerage: eToro

Based on our experience, eToro is the best place to buy stocks. Here's why:

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  • Buy fractional shares: Even if you don't have the money to buy a full share, you can still purchase the stock.
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  • Social investing: eToro offers a community with more than 20 million users worldwide. Talk to, learn from, and copy the crypto trades of other investors.
  • Security: eToro is a regulated and licensed brokerage platform.
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Step 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

  1. 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.
  2. Input your personal data to open your new trading account.
  1. Submit your data by hitting the "Create Account" button.
  2. Get started with eToro today
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

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.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

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

SOC Price
$15.37
1w %
3.43%
1y %
50.54%
5y %
N/A
P/E
N/A
P/B
3.5x
P/S
N/A
PEG
N/A
Revenue
N/A
Earnings
N/A
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$924.76M
Next Earnings
N/A
Next Dividend
N/A

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 3.5x, relative to Oil & Gas Drilling industry P/B ratio of 0.95x

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 3.9.

You can dig deeper into what analysts are forecasting on the Sable Offshore stock forecast page.

Metrics for Advanced SOC Traders

SMA10
14.93
SMA20
14.63
SMA50
12.5
SMA100
12.1
SMA200
11.47
MACD
0.72
MACD Signal
0.8
MACD Histogram
-0.08
RSI
68.16
Stochastic %K
60.66
Stochastic %D
57.66
StochRSI %K
18.09
StochRSI %D
8.27

What are SOC insiders up to?

Over the past 12 months, insiders at SOC have bought more shares than they have sold.

Gregory Phillip Pipkin, Director of SOC, was the latest SOC insider to sell. They sold $1,205,444.60 worth of SOC stock on Jun 5, 2024.

Learn more about who owns SOC stock here.

Can I rely on SOC as an income stream?

No, Sable Offshore doesn't provide an income stream by paying out dividends.

Get analysis from other traders

One of the reasons eToro is our highest-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 order types:

  • Market order: A market order is an order to buy or sell a security at the best possible price.
    Market orders are generally the best for newer investors.
  • Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
    If you want to be certain you're buying or selling at a specific price limit, use a limit order.

Press the Open Trade button and your broker will place the order.

If you want additional help buying stocks on eToro, click the helpful video below:

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Step 6: Get key alerts regarding your SOC investment

Now that you own some shares in SOC, you'll want to keep up with your shares.

Add SOC to a watchlist to get notified of important updates regarding your SOC stock.

SOC Feed

How to Buy Stock in Sable Offshore

To reiterate, here are the 6 steps for buying Sable Offshore stock:

  1. Decide where to buy Sable Offshore stock
  2. Open your brokerage account
  3. Deposit funds into your investment account
  4. Analyze Sable Offshore stock
  5. Execute your SOC buy order
  6. Get key alerts regarding your SOC investment

If you require a brokerage account, eToro is our favorite venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to get updates on your new investment in Sable Offshore, click the button below.

NYSE: SOC
$15.37+0.35 (+2.33%)
Updated Jun 18, 2024
Open eToro Account
NYSE: SOC
$15.37+0.35 (+2.33%)
Updated Jun 18, 2024
Open eToro Account

FAQ

How much does it cost to buy one Sable Offshore share?

As of Jun 18, 2024, it costs $15.37 to buy one share of Sable Offshore stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $7, you can buy 0.455 shares of SOC.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

What is the best way to buy Sable Offshore stock?

One way to place an order for Sable Offshore stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.