Sable Offshore Corp. reports results for the quarter ended September 30 - Earnings Summary

• Sable Offshore Corp. SOC.N reported a quarterly adjusted loss of 51 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $-1.11. The mean expectation of seven analysts for the quarter was for a loss of 19 cents per share. Wall Street expected results to range from -50 cents to 1 cents per share.

• Revenue was $154.37 million​; analysts expected $155.67 million.

• Sable Offshore Corp.'s reported EPS for the quarter was a loss of $1.37​.

• The company reported a quarterly loss of $269.32 million.

• Sable Offshore Corp. shares had fallen by 44.2% this quarter and lost 78.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 178.7% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the oil & gas exploration and production peer group is also "buy"

• Wall Street's median 12-month price target for Sable Offshore Corp. is $10.00, about 80.7% above its last closing price of $1.93

This summary was machine generated from LSEG data November 9 at 02:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)