SOCO International plc (SIA) Stock Rating Reaffirmed by Jefferies Group
SOCO International plc (LON:SIA)‘s stock had its “buy” rating reiterated by Jefferies Group in a research note issued to investors on Thursday. They currently have a GBX 200 ($2.61) price objective on the stock. Jefferies Group’s target price suggests a potential upside of 36.75% from the company’s current price.
Several other equities analysts have also issued reports on the company. Royal Bank Of Canada increased their target price 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. Macquarie cut their price target on SOCO International plc from GBX 154 ($2.01) to GBX 145 ($1.89) and set a “neutral” rating on the stock in a report on Friday, August 5th. JPMorgan Chase & Co. upped their price target on SOCO International plc from GBX 132 ($1.72) to GBX 138 ($1.80) and gave the stock an “underweight” rating in a report on Thursday, August 4th. Barclays PLC restated an “underweight” rating and set a GBX 140 ($1.83) price target on shares of SOCO International plc in a report on Thursday, August 4th. Finally, Numis Securities Ltd restated a “hold” rating and set a GBX 150 ($1.96) price target on shares of SOCO International plc in a report on Wednesday, August 3rd. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. SOCO International plc has a consensus rating of “Hold” and a consensus price target of GBX 145.30 ($1.90).
SOCO International plc (LON:SIA) traded up 3.72% during midday trading on Thursday, hitting GBX 146.25. The company had a trading volume of 417,360 shares. SOCO International plc has a 12 month low of GBX 115.00 and a 12 month high of GBX 200.38. The company’s market cap is GBX 481.46 million. The firm has a 50-day moving average price of GBX 142.87 and a 200-day moving average price of GBX 143.76.
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The company also recently announced a dividend, which will be paid on Friday, October 21st. Investors of record on Thursday, September 29th will be given a GBX 2 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, September 29th. This represents a dividend 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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