Leading analyst Subash Chandra says Sable Offshore (S.O.C.) The Santa Ynez Unit is “the closest it has ever been” to restarting after the Ninth Circuit Court of Appeals denied an emergency stay sought by environmental groups, but notes that the case was not dismissed and that responses and briefs are due in the coming months. The company has a Buy rating and $20 target price in Sable Offshore shares, which rose $1.69, or 19%, to $10.72 in premarket trading on Friday.
First published in the fly – the definitive source of breaking financial news that moves the market in real time. Try it now >>
See the most popular stocks from insiders on TipRanks >>
Read more about SOC:
Disclaimer and disclosure Report a problem