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.
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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.
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