SOCO International plc (SIA) Receives GBX 140 Consensus PT from Analysts
Shares of SOCO International plc (LON:SIA) have been given a consensus rating of “Hold” by the seven ratings firms that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is GBX 140 ($1.87).
A number of analysts have recently commented on the company. Jefferies Group reiterated a “buy” rating and set a GBX 150 ($2.01) target price on shares of SOCO International in a research report on Wednesday, December 20th. Peel Hunt reiterated a “buy” rating and set a GBX 145 ($1.94) target price on shares of SOCO International in a research report on Thursday, November 16th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a GBX 141 ($1.89) target price on shares of SOCO International in a research report on Tuesday, October 31st. Barclays reiterated an “underweight” rating on shares of SOCO International in a research report on Thursday, September 28th. Finally, Macquarie reiterated an “underperform” rating and set a GBX 99 ($1.32) target price on shares of SOCO International in a research report on Tuesday, September 12th.
In related news, insider Jann M. Brown purchased 7,625 shares of the stock in a transaction that occurred on Monday, November 27th. The shares were purchased at an average price of GBX 113 ($1.51) per share, with a total value of £8,616.25 ($11,520.59). Also, insider Jann M. Brown purchased 8,070 shares of the stock in a transaction that occurred on Thursday, December 21st. The shares were bought at an average cost of GBX 107 ($1.43) per share, for a total transaction of £8,634.90 ($11,545.53).
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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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