Sable rises; JP Morgan initiates coverage with 'overweight'

Sable Offshore

02/10/2026 13:39

** California-based oil and gas company Sable Offshore Corp SOC.N up 3.95% at $3.42 premarket
** JP Morgan initiates coverage with "overweight" rating and a PT of $10, says stock is undervalued
** Brokerage says co's offshore oil fields can reduce the spending needed to maintain production and support cash flow 
** SOC can keep producing oil despite regulatory challenges, with federal support helping it maintain access to its pipeline and crude sale - JP Morgan 
** Five of 6 brokerages rate the stock "buy" or higher, and one "hold"; median PT is $10 - data compiled by LSEG 
** As of last close, stock has fallen 23.09% YTD


 (Reporting by Jayasree Prabhu)
 ((jayasree.prabhu@thomsonreuters.com))