SOCO International plc (SIA) Given Consensus Recommendation of “Hold” by Brokerages
Shares of SOCO International plc (LON:SIA) have received an average recommendation of “Hold” from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is GBX 142 ($1.84).
A number of equities research analysts have commented on the company. Barclays PLC cut SOCO International plc to an “underweight” rating and decreased their price target for the company from GBX 140 ($1.81) to GBX 130 ($1.68) in a research note on Thursday, June 22nd. Jefferies Group LLC cut SOCO International plc to a “hold” rating and decreased their price target for the company from GBX 195 ($2.53) to GBX 165 ($2.14) in a research note on Wednesday, May 17th. Macquarie cut SOCO International plc to an “underperform” rating and decreased their price target for the company from GBX 151 ($1.96) to GBX 103 ($1.33) in a research note on Wednesday, June 21st. Numis Securities Ltd reiterated a “hold” rating and issued a GBX 145 ($1.88) price target on shares of SOCO International plc in a research note on Friday, March 24th. Finally, Peel Hunt decreased their price target on SOCO International plc from GBX 180 ($2.33) to GBX 160 ($2.07) and set a “buy” rating for the company in a research note on Friday, March 24th.
SOCO International plc (LON SIA) traded down 0.21% during midday trading on Monday, reaching GBX 117.25. The company had a trading volume of 33,134 shares. The firm has a 50-day moving average of GBX 128.51 and a 200 day moving average of GBX 140.90. The company’s market capitalization is GBX 386.52 million. SOCO International plc has a 1-year low of GBX 111.25 and a 1-year high of GBX 168.26.
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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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