The share price of Sable Offshore Corp. (NYSE:SOC) surged by 30.89% between January 7 and January 14, 2026, putting it among the Energy Stocks that Gained the Most This Week<\/strong>.<\/p>\n Sable Offshore Corp. (NYSE:SOC) is an independent upstream company focused on developing the prolific Santa Ynez Unit in federal waters offshore California.<\/p>\n Sable Offshore Corp. (NYSE:SOC) has more than doubled in value over the last month after it scored a big win by receiving federal approval to restart its controversial oil and gas pipeline near Santa Barbara. The company had been facing significant legal challenges from state and local authorities in California, but it overcame the opposition after the U.S. Pipeline and Hazardous Materials Safety Administration (PHMSA) approved its request to shift the pipeline to federal rather than state oversight. However, the local resistance against the pipeline continued, and Sable was hit with an emergency lawsuit seeking to block the restart on December 26.<\/p>\n The environmental groups filing the suit argued that PHMSA had \u2018bypassed the required public notice, opportunity for public participation, statement of reasons for its decisions, and other conditions\u2019 required under the federal Pipeline Safety Act. The federal regulator responded by saying that its emergency permits for Sable were based on a national energy emergency declared by President Trump last year. On January 2, the petition to stay PHMSA\u2019s decision to take over oversight of Sable Offshore Corp. (NYSE:SOC)\u2019s plans to restart the Santa Ynez unit was denied by a federal court, marking a major step forward for the company.<\/p>\n While the case wasn\u2019t dismissed and responses and briefs are due over the next few months, Benchmark analyst Subash Chandra believes that Sable Offshore Corp. (NYSE:SOC)\u2019s Santa Ynez Unit is \u2018the closest it has been\u2019 to resume production. On January 2, the firm reiterated its \u2018Buy\u2019 rating on SOC and assigned the stock a price target of $20, indicating an upside of over 77% from the current levels.<\/p>\n While we acknowledge the potential of SOC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you\u2019re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock<\/strong>.<\/p>\n READ NEXT:\u00a010 High Yield Crude Oil Stocks to Buy After Trump\u2019s Blitz in Venezuela<\/b>\u00a0and\u00a011 Best Performing Energy Stocks in 2025<\/b>.<\/p>\n Disclosure: None.<\/p>\n<\/p><\/div>\n<\/div>\n<\/div>