SOCO International plc (LON:SIA) has been given a consensus rating of “Hold” by the seven analysts that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is GBX 140 ($1.88).
Several research firms have weighed in on SIA. Jefferies Group reaffirmed a “buy” rating and set a GBX 150 ($2.02) target price on shares of SOCO International in a research note on Wednesday, October 4th. Barclays reaffirmed an “underweight” rating on shares of SOCO International in a research note on Thursday, September 28th. Peel Hunt reaffirmed a “buy” rating and set a GBX 145 ($1.95) target price on shares of SOCO International in a research note on Wednesday, September 13th. Macquarie reaffirmed an “underperform” rating and set a GBX 99 ($1.33) target price on shares of SOCO International in a research note on Tuesday, September 12th. Finally, J P Morgan Chase & Co reaffirmed an “underweight” rating and set a GBX 141 ($1.90) target price on shares of SOCO International in a research note on Tuesday, October 31st.
Shares of SOCO International (SIA) traded up GBX 3 ($0.04) on Thursday, reaching GBX 102.75 ($1.38). The company had a trading volume of 229,298 shares, compared to its average volume of 237,342. SOCO International has a 1 year low of GBX 97.75 ($1.32) and a 1 year high of GBX 162 ($2.18).
In other SOCO International news, insider Jann M. Brown purchased 7,625 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was bought at an average cost of GBX 113 ($1.52) per share, for a total transaction of £8,616.25 ($11,596.57). Also, insider Rui C. De Sousa purchased 550,000 shares of the business’s stock in a transaction dated Thursday, September 28th. The shares were acquired at an average price of GBX 118 ($1.59) per share, with a total value of £649,000 ($873,485.87).
SOCO International Company Profile
SOCO International plc (SOCO) is an oil and gas exploration and production company. The Company’s segments include South East Asia and Africa. It has field development and production interests in Vietnam, and exploration and appraisal interests in the Republic of Congo (Brazzaville) and Angola. In Vietnam, SOCO’s Block 16-1 and Block 9-2 include the Te Giac Trang and Ca Ngu Vang Fields, which are located in shallow water in the Cuu Long Basin, near the Bach Ho Field.
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