Sable Offshore Soars 12.79% on Production Boost

On May 19, 2025, Sable Offshore's stock surged by 12.79% in pre-market trading, marking a significant rise that has caught the attention of investors and analysts alike.

Sable Offshore has recently boosted its production forecast for the latter half of fiscal year 2025, projecting 40,000 to 50,000 barrels of oil equivalent per day (BOE/D), a substantial increase from the previous estimate of 20,000 to 25,000. This optimistic outlook is driven by the resumption of operations at the Santa Ynez Unit (SYU) and the completion of repairs on the Las Flores Pipeline, which have enabled the company to channel oil production more efficiently.

Analysts have taken note of these developments, with Roth Mkm initiating coverage on Sable Offshore and setting a "buy" rating with a target price of $30.00. This positive sentiment reflects the market's confidence in the company's ability to capitalize on its recent advancements and deliver strong financial performance in the coming months.