SOCO International (SIA) Lowered to “Hold” at Peel Hunt
SOCO International (LON:SIA) was downgraded by stock analysts at Peel Hunt to a “hold” rating in a research report issued to clients and investors on Thursday. They currently have a GBX 130 ($1.76) price objective on the stock, down from their prior price objective of GBX 145 ($1.97). Peel Hunt’s price target would indicate a potential upside of 5.86% from the company’s previous close.
SIA has been the topic of a number of other research reports. Barclays reissued an “underweight” rating on shares of SOCO International in a research report on Thursday, September 28th. Jefferies Group reissued a “buy” rating and issued a GBX 150 ($2.03) price objective on shares of SOCO International in a research report on Wednesday, December 20th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a GBX 141 ($1.91) price objective on shares of SOCO International in a research report on Tuesday, October 31st. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of GBX 136.43 ($1.85).
Shares of SOCO International (LON SIA) opened at GBX 122.80 ($1.67) on Thursday. The company has a market cap of $407.67 and a price-to-earnings ratio of -4,093.33. SOCO International has a 1 year low of GBX 97.75 ($1.33) and a 1 year high of GBX 161.25 ($2.19).
In other SOCO International news, insider Jann M. Brown acquired 7,625 shares of the business’s stock in a transaction dated Monday, November 27th. The shares were acquired at an average price of GBX 113 ($1.53) per share, with a total value of £8,616.25 ($11,684.64). Also, insider Jann M. Brown acquired 8,070 shares of the business’s stock in a transaction dated Thursday, December 21st. The stock was acquired at an average cost of GBX 107 ($1.45) per share, for a total transaction of £8,634.90 ($11,709.93).
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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