Commodities

Sable Offshore (SOC) PT Raised After Company Resumes Santa Ynez Oil Transport

By Bullbit Editorial · March 26, 2026

WhatSable Offshore's (SOC) stock price target has been raised to **$42.50** after the company resumed oil transportation from the Santa Ynez field.
WhyThe decision was made following SOC's announcement that production levels have returned to normal after a brief shutdown.
SignalSOC's stock has shown a **12%** increase in value since the resumption of operations.
TargetAnalysts expect SOC's revenue to increase by **18%** in the next quarter due to the resumed oil transportation.
RiskHowever, SOC's stock remains vulnerable to potential disruptions in the global oil market, which could impact future earnings.