Sable Offshore and SoftBank Group Shares Jump Over 7%

Sable Offshore Corp. (NYSE:SOC) saw its share price rise 7.7% during mid‑day trading on Friday, reaching a high of $4.77 and closing at $4.823. Trading volume fell sharply, and the move came despite recent analyst downgrades and a quarterly earnings miss, with EPS of –$1.37 versus the –$0.52 consensus and revenue of $1.27 million far below the $16.10 million estimate.

SoftBank Group Corp. (OTCMKTS:SFTBY) also climbed 7.6% on Friday, trading as high as $16.6887 and ending at $16.61. Volume was markedly lower than average. Analysts issued mixed opinions, with TD Cowen maintaining a hold rating, Sanford C. Bernstein rating the stock as outperform, and Deutsche Bank upgrading it to buy, leaving the consensus rating at hold. The company reported earnings of $1.02 per share, beating the $0.16 estimate, and revenue of $13.17 billion, surpassing the $12.54 billion forecast.