Sable Offshore Corp. Surges 14.9% on Bullish Rating and Price Target

Sable Offshore Corp. (SOC) jumped 14.89% to $20.06 after Benchmark gave a "buy" rating and a $47 price target, marking a 134% upside potential. The company plans to spend $100 million on capital expenditures and $3-$4 per barrel of oil equivalent in operating expenses to pursue an "offshore storage and treating vessel" to transport crude oil.

Sable Offshore Corp. (SOC) saw its stock price rise by 14.89% to $20.06 on September 12, 2025, following a "buy" rating and a $47 price target from Benchmark Sable Offshore stock rises as Benchmark reiterates Buy rating on Plan B^[1]. This marks a significant upside potential of 134% for investors. The analyst firm maintained its positive outlook despite the stock's recent decline, which saw it fall over 24% in the past week.

Benchmark's bullish stance is based on Sable's "Plan B," which involves the development of an offshore storage and treating vessel. The project is expected to cost $100 million in capital expenditures and $3-$4 per barrel of oil equivalent in operating expenses. The vessel is scheduled for completion in the fourth quarter of 2026 Sable Offshore stock rises as Benchmark reiterates Buy rating on Plan B^[1].

The market had previously reacted negatively to discussions about a Floating Production Storage and Offloading (FPSO) vessel on social media, primarily due to concerns about potential costs and extended lead times. However, Benchmark expressed optimism about the market's reaction to Sable's newly disclosed costs and timeline for the Plan B initiative Sable Offshore stock rises as Benchmark reiterates Buy rating on Plan B^[1].

In other recent news, Sable Offshore Corp. has made significant strides regarding its Las Flores Pipeline System. The company announced it has submitted a formal Request for Approval of Restart Plans to California regulators, which marks a crucial step towards resuming petroleum transportation Sable Offshore Corp. Announces Alternative Offtake Strategy^[3]. Sable Offshore reported meeting all operational conditions required by the Federal Consent Decree, such as anomaly repairs and safety valve installations. Additionally, a recent court ruling partially granted injunctions related to the pipelines, allowing Sable to proceed with necessary approvals and permits Sable Offshore Corp. Announces Alternative Offtake Strategy^[3].

However, the court decision also stipulates that the actual restart of the pipelines cannot occur until 10 court days after Sable provides a signed notice of compliance. These developments are pivotal as they move the company closer to restarting operations that have been halted since a 2015 oil spill.

Meanwhile, Johnson Fistel, PLLP, a leading stockholder rights law firm, has initiated an investigation into certain board members and executive officers of Sable Offshore Corp. for potential breaches of fiduciary duties and violations of federal securities laws Notice to All Long Term Shareholders of Sable Offshore Corp: Johnson Fistel Continues Investigation On Behalf of Your Claims^[2]. The firm is investigating allegations that Sable Offshore Corp. made false and/or misleading statements during a specific class period, which could impact the company's stock price and investor confidence.

Sable Offshore Corp. is an independent oil and gas company focused on responsibly developing the Santa Ynez Unit in federal waters offshore California. The company continues to work diligently with the State of California to safely and responsibly resume petroleum transportation through the Onshore Pipeline in accordance with its Federal Consent Decree Sable Offshore Corp. Announces Alternative Offtake Strategy^[3].