SOCO International plc (SIA) Given Consensus Rating of “Hold” by Brokerages

SOCO International plc (LON:SIA) has received a consensus rating of “Hold” from the six analysts that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is GBX 133 ($1.84).

A number of research analysts recently commented on the stock. Peel Hunt reaffirmed an “add” rating and issued a GBX 130 ($1.80) target price on shares of SOCO International in a research report on Monday, March 5th. Jefferies Group reaffirmed a “buy” rating and issued a GBX 150 ($2.07) target price on shares of SOCO International in a research report on Wednesday, December 20th.

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In related news, insider Mike J. Watts bought 8,830 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were purchased at an average cost of GBX 98 ($1.35) per share, with a total value of £8,653.40 ($11,955.51). Also, insider Mike J. Watts acquired 7,305 shares of the stock in a transaction on Friday, January 26th. The shares were acquired at an average cost of GBX 118 ($1.63) per share, for a total transaction of £8,619.90 ($11,909.23). Insiders purchased a total of 24,205 shares of company stock worth $2,590,820 over the last ninety days.

SOCO International (LON SIA) opened at GBX 104.40 ($1.44) on Friday. The company has a market cap of $347.20 and a price-to-earnings ratio of -3,480.00. SOCO International has a 52-week low of GBX 87.15 ($1.20) and a 52-week high of GBX 150 ($2.07).

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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.

Analyst Recommendations for SOCO International (LON:SIA)

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