Analysts Set SOCO International plc (SIA) PT at $137.50
SOCO International plc (LON:SIA) has been assigned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is GBX 137.50 ($1.86).
SIA has been the topic of a number of analyst reports. Jefferies Group reiterated a “buy” rating and issued a GBX 150 ($2.03) price target on shares of SOCO International in a research report on Wednesday, October 4th. Peel Hunt reiterated a “buy” rating and issued a GBX 145 ($1.97) price target on shares of SOCO International in a research report on Monday, October 2nd. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a GBX 141 ($1.91) price target on shares of SOCO International in a research report on Tuesday, October 31st.
In other SOCO International news, insider Jann M. Brown bought 8,070 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The shares were bought at an average price of GBX 107 ($1.45) per share, for a total transaction of £8,634.90 ($11,709.93). Also, insider Mike J. Watts bought 7,305 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The shares were acquired at an average price of GBX 118 ($1.60) per share, for a total transaction of £8,619.90 ($11,689.59). Insiders acquired a total of 23,000 shares of company stock worth $2,587,105 in the last quarter.
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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