SOCO International (SIA) Trading 8.2% Higher

SOCO International plc (LON:SIA) shares traded up 8.2% during mid-day trading on Friday . The company traded as high as GBX 73.90 ($0.97) and last traded at GBX 73.60 ($0.96). 1,978,329 shares were traded during trading, an increase of 670% from the average session volume of 256,776 shares. The stock had previously closed at GBX 68 ($0.89).

A number of research analysts recently issued reports on the company. Jefferies Financial Group restated a “hold” rating and set a GBX 74 ($0.97) price target on shares of SOCO International in a research note on Wednesday, March 6th. Peel Hunt restated an “add” rating and set a GBX 130 ($1.70) price target on shares of SOCO International in a research note on Wednesday, March 6th. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of SOCO International in a research note on Thursday, January 10th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. SOCO International has a consensus rating of “Hold” and a consensus target price of GBX 113.20 ($1.48).

The company has a market capitalization of $235.94 million and a PE ratio of 8.95. The company has a quick ratio of 9.26, a current ratio of 9.41 and a debt-to-equity ratio of 19.09.

The company also recently declared a dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, May 9th will be paid a dividend of GBX 5.50 ($0.07) per share. This represents a yield of 8.06%. The ex-dividend date of this dividend is Thursday, May 9th. This is an increase from SOCO International’s previous dividend of $5.25. SOCO International’s dividend payout ratio (DPR) is currently 0.62%.

In related news, insider Jann M. Brown bought 12,755 shares of the stock in a transaction on Wednesday, February 27th. The shares were bought at an average cost of GBX 68 ($0.89) per share, for a total transaction of £8,673.40 ($11,333.33). Also, insider Jann M. Brown bought 12,266 shares of the stock in a transaction on Friday, January 25th. The stock was bought at an average price of GBX 70 ($0.91) per share, for a total transaction of £8,586.20 ($11,219.39). Insiders have purchased a total of 36,915 shares of company stock worth $2,594,222 in the last 90 days.

TRADEMARK VIOLATION NOTICE: “SOCO International (SIA) Trading 8.2% Higher” was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be accessed at https://www.dispatchtribunal.com/2019/03/15/soco-international-sia-trading-8-2-higher.html.

About SOCO International (LON:SIA)

SOCO International plc engages in the exploration, development, and production of oil and gas properties. It has exploration, development, and production interests in Vietnam; and exploration and appraisal interests in Congo (Brazzaville) and Angola. The company was founded in 1997 and is headquartered in London, the United Kingdom.

Featured Story: Options Trading – What is a Straddle?

Receive News & Ratings for SOCO International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SOCO International and related companies with MarketBeat.com's FREE daily email newsletter.