SOCO International plc to Issue Dividend of GBX 2 (SIA)
SOCO International plc (LON:SIA) announced a dividend on Wednesday, September 21st. Investors of record on Thursday, September 29th will be paid a dividend of GBX 2 ($0.03) per share on Friday, October 21st. This represents a dividend yield of 1.41%. The ex-dividend date of this dividend is Thursday, September 29th. The official announcement can be accessed at this link.
SOCO International plc (LON:SIA) traded up 1.61% on Wednesday, hitting GBX 142.25. The stock had a trading volume of 242,117 shares. The stock’s market capitalization is GBX 468.29 million. The company has a 50-day moving average price of GBX 147.23 and a 200-day moving average price of GBX 145.68. SOCO International plc has a 52 week low of GBX 115.00 and a 52 week high of GBX 200.38.
A number of equities research analysts recently commented on the company. Barclays PLC reaffirmed an “underweight” rating and set a GBX 130 ($1.70) price objective on shares of SOCO International plc in a research note on Thursday, June 9th. JPMorgan Chase & Co. lifted their price objective on SOCO International plc from GBX 132 ($1.72) to GBX 138 ($1.80) and gave the stock an “underweight” rating in a research note on Thursday, August 4th. Macquarie decreased their price objective on SOCO International plc from GBX 154 ($2.01) to GBX 145 ($1.89) and set a “neutral” rating for the company in a research note on Friday, August 5th. Numis Securities Ltd cut SOCO International plc to a “hold” rating and lifted their price objective for the stock from GBX 145 ($1.89) to GBX 150 ($1.96) in a research note on Monday, July 25th. Finally, Royal Bank Of Canada lifted their price objective on SOCO International plc from GBX 140 ($1.83) to GBX 150 ($1.96) and gave the stock a “sector performer” rating in a research note on Wednesday, August 17th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. SOCO International plc has a consensus rating of “Hold” and a consensus price target of GBX 143.30 ($1.87).
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In other news, insider Watts,Mike J purchased 4,847 shares of the company’s stock in a transaction dated Thursday, June 30th. The stock was bought at an average cost of GBX 143 ($1.87) per share, for a total transaction of £6,931.21 ($9,047.40).
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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