Rui C. De Sousa Acquires 550,000 Shares of SOCO International plc (SIA) Stock
SOCO International plc (LON:SIA) insider Rui C. De Sousa bought 550,000 shares of the company’s stock in a transaction that occurred on Thursday, September 28th. The shares were bought at an average price of GBX 118 ($1.59) per share, with a total value of £649,000 ($872,781.07).
Shares of SOCO International plc (SIA) opened at 115.50 on Friday. SOCO International plc has a 12-month low of GBX 111.25 and a 12-month high of GBX 162.00. The firm has a 50-day moving average price of GBX 119.54 and a 200 day moving average price of GBX 128.52. The stock’s market cap is GBX 380.92 million.
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Several research firms have weighed in on SIA. Peel Hunt reiterated a “buy” rating and issued a GBX 160 ($2.15) price objective on shares of SOCO International plc in a report on Friday, June 9th. Jefferies Group LLC upgraded SOCO International plc to a “buy” rating and dropped their price objective for the stock from GBX 165 ($2.22) to GBX 150 ($2.02) in a report on Monday, July 24th. Barclays PLC reiterated an “underweight” rating on shares of SOCO International plc in a report on Thursday. Finally, Macquarie cut SOCO International plc to an “underperform” rating and dropped their price objective for the stock from GBX 151 ($2.03) to GBX 103 ($1.39) in a report on Wednesday, June 21st. Three analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 138.57 ($1.86).
About SOCO International plc
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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