J P Morgan Chase & Co Reaffirms “Underweight” Rating for SOCO International plc (SIA)
J P Morgan Chase & Co reissued their underweight rating on shares of SOCO International plc (LON:SIA) in a research report report published on Tuesday morning. They currently have a GBX 141 ($1.86) price target on the stock.
SIA has been the topic of several other research reports. Barclays PLC reaffirmed an underweight rating on shares of SOCO International plc in a research note on Thursday, September 28th. Jefferies Group LLC reaffirmed a buy rating and set a GBX 150 ($1.98) target price on shares of SOCO International plc in a research note on Tuesday, August 29th. Peel Hunt reissued a buy rating and issued a GBX 145 ($1.91) price target on shares of SOCO International plc in a research note on Monday. Finally, Macquarie reissued an underperform rating and issued a GBX 99 ($1.31) price target on shares of SOCO International plc in a research note on Tuesday, September 12th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus price target of GBX 138.57 ($1.83).
SOCO International plc (SIA) traded up GBX 2.25 ($0.03) during trading hours on Tuesday, reaching GBX 120 ($1.58). The company’s stock had a trading volume of 85 shares.
In other news, insider Rui C. De Sousa purchased 550,000 shares of the stock in a transaction that occurred on Thursday, September 28th. The stock was acquired at an average price of GBX 118 ($1.56) per share, with a total value of £649,000 ($856,426.50).
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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