SOCO International plc (SIA) Given Consensus Recommendation of “Hold” by Analysts
SOCO International plc (LON:SIA) has been assigned an average recommendation of “Hold” from the ten research firms that are currently covering the firm. Four analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is GBX 145.30 ($1.80).
Several brokerages recently commented on SIA. Macquarie reduced 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 report on Friday, August 5th. Barclays PLC reiterated an “underweight” rating and issued a GBX 140 ($1.73) target price on shares of SOCO International plc in a report on Thursday, August 4th. JPMorgan Chase & Co. upped 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 report on Thursday, August 4th. Numis Securities Ltd reiterated a “hold” rating and issued a GBX 150 ($1.86) target price on shares of SOCO International plc in a report on Wednesday, August 3rd. Finally, Royal Bank Of Canada boosted their price target 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.
SOCO International plc (LON:SIA) traded up 1.45% during trading on Friday, hitting GBX 140.00. 231,427 shares of the company traded hands. The firm’s market capitalization is GBX 460.88 million. The stock has a 50-day moving average price of GBX 141.47 and a 200-day moving average price of GBX 143.25. SOCO International plc has a 12-month low of GBX 115.00 and a 12-month high of GBX 200.38.
The business also recently declared a dividend, which will be paid on Friday, October 21st. Investors of record on Thursday, September 29th will be issued a dividend of GBX 2 ($0.02) per share. The ex-dividend date of this dividend is Thursday, September 29th. This represents a yield of 1.41%.
SOCO International plc 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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