SOCO International plc (SIA) Given Underweight Rating at Barclays PLC
SOCO International plc (LON:SIA)‘s stock had its “underweight” rating reaffirmed by research analysts at Barclays PLC in a report released on Thursday.
Several other brokerages have also weighed in on SIA. Peel Hunt restated a “buy” rating and set a GBX 145 ($1.87) target price on shares of SOCO International plc in a research report on Wednesday. Jefferies Group LLC lowered shares of SOCO International plc to a “hold” rating and lowered their target price for the stock from GBX 195 ($2.52) to GBX 165 ($2.13) in a research report on Wednesday, May 17th. Macquarie lowered shares of SOCO International plc to an “underperform” rating and lowered their target price for the stock from GBX 151 ($1.95) to GBX 103 ($1.33) in a research report on Wednesday, June 21st. Finally, J P Morgan Chase & Co upped their target price on shares of SOCO International plc from GBX 138 ($1.78) to GBX 141 ($1.82) and gave the stock an “underweight” rating in a research report on Wednesday, May 17th. 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 stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 138.57 ($1.79).
Shares of SOCO International plc (LON SIA) traded down 5.89% on Thursday, reaching GBX 111.75. 253,256 shares of the company were exchanged. The stock has a 50 day moving average of GBX 119.59 and a 200-day moving average of GBX 128.80. SOCO International plc has a 52-week low of GBX 111.25 and a 52-week high of GBX 162.00. The company’s market capitalization is GBX 368.39 million.
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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