SOCO International plc (SIA) Insider Mike J. Watts Purchases 7,305 Shares

SOCO International plc (LON:SIA) insider Mike J. Watts purchased 7,305 shares of the stock in a transaction on Friday, January 26th. The shares were purchased at an average cost of GBX 118 ($1.60) per share, for a total transaction of £8,619.90 ($11,689.59).

SOCO International plc (LON:SIA) traded down GBX 4.40 ($0.06) during trading on Friday, hitting GBX 114.40 ($1.55). 196,435 shares of the stock traded hands, compared to its average volume of 316,172. The company has a market capitalization of $387.66 and a PE ratio of -3,813.33. SOCO International plc has a 52-week low of GBX 97.75 ($1.33) and a 52-week high of GBX 157.50 ($2.14).

Several equities research analysts have recently issued reports on SIA shares. Peel Hunt cut shares of SOCO International to a “hold” rating and reduced their price objective for the company from GBX 145 ($1.97) to GBX 130 ($1.76) in a research report on Thursday, January 11th. Jefferies Group reiterated a “buy” rating and set a GBX 150 ($2.03) price objective on shares of SOCO International in a research report on Wednesday, October 4th. Barclays reiterated an “underweight” rating on shares of SOCO International in a research report on Thursday, September 28th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a GBX 141 ($1.91) price objective on shares of SOCO International in a research report on Tuesday, October 31st. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of GBX 136.43 ($1.85).

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SOCO International 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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