Shares of SOCO International plc (LON:SIA) have been given a consensus recommendation of “Hold” by the six brokerages that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is GBX 140 ($1.83).
A number of brokerages have weighed in on SIA. Jefferies Financial Group restated a “hold” rating on shares of SOCO International in a research note on Tuesday, April 9th. Peel Hunt reiterated a “buy” rating on shares of SOCO International in a report on Wednesday, April 3rd. Finally, Numis Securities reiterated a “hold” rating on shares of SOCO International in a report on Thursday.
In other SOCO International news, insider Jann M. Brown acquired 12,570 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was acquired at an average price of GBX 69 ($0.90) per share, for a total transaction of £8,673.30 ($11,333.20). Also, insider Mike J. Watts acquired 11,452 shares of the company’s stock in a transaction on Friday, April 26th. The stock was acquired at an average price of GBX 75 ($0.98) per share, with a total value of £8,589 ($11,223.05). Insiders bought a total of 36,777 shares of company stock valued at $2,593,570 over the last quarter.
LON:SIA opened at GBX 64.20 ($0.84) on Thursday. The company has a debt-to-equity ratio of 19.09, a quick ratio of 9.22 and a current ratio of 9.41. SOCO International has a 52-week low of GBX 63.65 ($0.83) and a 52-week high of GBX 125 ($1.63). The firm has a market cap of $253.74 million and a P/E ratio of 7.93.
The company also recently disclosed a dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 9th will be issued a GBX 5.50 ($0.07) dividend. This is a boost from SOCO International’s previous dividend of $5.25. This represents a dividend yield of 8.06%. The ex-dividend date of this dividend is Thursday, May 9th. SOCO International’s dividend payout ratio is presently 0.74%.
About SOCO International
SOCO International plc engages in the exploration, development, and production of oil and gas properties. It has exploration, development, and production interests in Vietnam; and exploration and appraisal interests in Congo (Brazzaville) and Angola. The company was founded in 1997 and is headquartered in London, the United Kingdom.
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