SOCO International plc (SIA) Earns “Buy” Rating from Jefferies Group
SIA has been the topic of several other reports. Barclays PLC reiterated an underweight rating and set a GBX 130 ($1.61) target price on shares of SOCO International plc in a research note on Thursday, June 9th. JPMorgan Chase & Co. increased their target price on SOCO International plc from GBX 132 ($1.63) to GBX 138 ($1.71) and gave the company an underweight rating in a research note on Thursday, August 4th. Macquarie cut their target price on SOCO International plc from GBX 154 ($1.91) to GBX 145 ($1.79) and set a neutral rating on the stock in a research note on Friday, August 5th. Numis Securities Ltd downgraded SOCO International plc to a hold rating and increased their target price for the company from GBX 145 ($1.79) to GBX 150 ($1.86) in a research note on Monday, July 25th. Finally, Royal Bank Of Canada increased their target price on SOCO International plc from GBX 140 ($1.73) to GBX 150 ($1.86) and gave the company a sector performer rating in a research note on Wednesday, August 17th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. SOCO International plc presently has an average rating of Hold and a consensus target price of GBX 145.30 ($1.80).
Shares of SOCO International plc (LON:SIA) opened at 151.25 on Thursday. The company’s 50 day moving average price is GBX 142.30 and its 200-day moving average price is GBX 143.38. The company’s market capitalization is GBX 497.92 million. SOCO International plc has a 1-year low of GBX 115.00 and a 1-year high of GBX 200.38.
The firm also recently declared a dividend, which will be paid on Friday, October 21st. Shareholders of record on Thursday, September 29th will be issued a dividend of GBX 2 ($0.02) per share. The ex-dividend date is Thursday, September 29th. This represents a yield of 1.41%.
About SOCO International plc
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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