SOCO International plc (SIA) to Issue GBX 2 Dividend
SOCO International plc (LON:SIA) declared a dividend on Wednesday, September 21st. Shareholders of record on Thursday, September 29th will be paid a dividend of GBX 2 ($0.03) per share on Friday, October 21st. This represents a dividend yield of 1.41%. The ex-dividend date is Thursday, September 29th. The official announcement can be accessed at this link.
SIA has been the subject of a number of recent research reports. Barclays PLC boosted their price target on shares of SOCO International plc from GBX 130 ($1.70) to GBX 140 ($1.83) and gave the stock an “underweight” rating in a research note on Wednesday, July 13th. Numis Securities Ltd downgraded shares of SOCO International plc to a “hold” rating and boosted their price target for the stock from GBX 145 ($1.89) to GBX 150 ($1.96) in a research note on Monday, July 25th. Royal Bank Of Canada boosted their price target on shares of SOCO International plc from GBX 140 ($1.83) to GBX 150 ($1.96) and gave the stock a “sector performer” rating in a research note on Wednesday, August 17th. JPMorgan Chase & Co. boosted their price target on shares of SOCO International plc from GBX 132 ($1.72) to GBX 138 ($1.80) and gave the stock an “underweight” rating in a research note on Thursday, August 4th. Finally, Macquarie dropped their price target on shares of SOCO International plc from GBX 154 ($2.01) to GBX 145 ($1.89) and set a “neutral” rating for the company in a research note on Friday, August 5th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. SOCO International plc currently has a consensus rating of “Hold” and an average target price of GBX 143.30 ($1.87).
SOCO International plc (LON:SIA) opened at 142.25 on Thursday. SOCO International plc has a 12-month low of GBX 115.00 and a 12-month high of GBX 200.38. The firm’s market cap is GBX 468.29 million. The stock has a 50 day moving average of GBX 147.31 and a 200 day moving average of GBX 145.71.
In other SOCO International plc news, insider Watts,Mike J acquired 4,847 shares of the company’s stock in a transaction that occurred on Thursday, June 30th. The stock was acquired at an average price of GBX 143 ($1.87) per share, for a total transaction of £6,931.21 ($9,047.40).
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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