SOCO International plc (LON:SIA) has earned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is GBX 140 ($1.87).
Several equities research analysts have weighed in on SIA shares. Peel Hunt restated a “buy” rating and issued a GBX 145 ($1.94) target price on shares of SOCO International in a research note on Monday, October 30th. Barclays restated an “underweight” rating on shares of SOCO International in a research note on Thursday, September 28th. Jefferies Group restated a “buy” rating and issued a GBX 150 ($2.01) target price on shares of SOCO International in a research note on Wednesday, December 20th. JPMorgan Chase & Co. restated an “underweight” rating and issued a GBX 141 ($1.89) target price on shares of SOCO International in a research note on Tuesday, October 31st. Finally, Macquarie restated an “underperform” rating and issued a GBX 99 ($1.32) target price on shares of SOCO International in a research note on Tuesday, September 12th.
In related news, insider Jann M. Brown acquired 8,070 shares of the stock in a transaction dated Thursday, December 21st. The stock was acquired at an average cost of GBX 107 ($1.43) per share, for a total transaction of £8,634.90 ($11,545.53). Also, insider Jann M. Brown acquired 7,625 shares of the stock in a transaction dated Monday, November 27th. The shares were bought at an average price of GBX 113 ($1.51) per share, with a total value of £8,616.25 ($11,520.59).
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About SOCO International
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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