Peel Hunt lowered shares of SOCO International (LON:SIA) to a hold rating in a research note issued to investors on Thursday. Peel Hunt currently has GBX 130 ($1.76) target price on the stock, down from their prior target price of GBX 145 ($1.97).
Several other analysts have also commented on SIA. Barclays reaffirmed an underweight rating on shares of SOCO International in a report on Thursday, September 28th. Jefferies Group reaffirmed a buy rating and set a GBX 150 ($2.03) target price on shares of SOCO International in a report on Tuesday, September 19th. Finally, JPMorgan Chase & Co. reaffirmed an underweight rating and set a GBX 141 ($1.91) target price on shares of SOCO International in a report on Tuesday, October 31st. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of GBX 136.43 ($1.85).
SOCO International (SIA) traded down GBX 1 ($0.01) during trading on Thursday, reaching GBX 121 ($1.64). The company had a trading volume of 325,012 shares, compared to its average volume of 366,157. The firm has a market capitalization of $400.74 and a price-to-earnings ratio of -4,033.33. SOCO International has a 12-month low of GBX 97.75 ($1.33) and a 12-month high of GBX 161.25 ($2.19).
In other SOCO International news, insider Jann M. Brown acquired 8,070 shares of the company’s stock in a transaction on Thursday, December 21st. The shares were bought at an average cost of GBX 107 ($1.45) per share, with a total value of £8,634.90 ($11,709.93). Also, insider Jann M. Brown acquired 7,625 shares of the company’s stock in a transaction on Monday, November 27th. The stock was acquired at an average cost of GBX 113 ($1.53) per share, for a total transaction of £8,616.25 ($11,684.64).
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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.
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