SOCO International (SIA) Given “Buy” Rating at Peel Hunt

Peel Hunt reaffirmed their buy rating on shares of SOCO International (LON:SIA) in a report published on Monday morning. The firm currently has a GBX 145 ($1.97) price objective on the stock.

A number of other research firms have also weighed in on SIA. Jefferies Group reiterated a buy rating and issued a GBX 150 ($2.03) price target 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. Macquarie reiterated an underperform rating and issued a GBX 99 ($1.34) price target on shares of SOCO International in a research report on Tuesday, September 12th. Finally, JPMorgan Chase & Co. restated an underweight rating and set a GBX 141 ($1.91) target price on shares of SOCO International in a research report on Tuesday, October 31st. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. SOCO International presently has a consensus rating of Hold and an average target price of GBX 138.57 ($1.88).

SOCO International (LON:SIA) traded down GBX 1 ($0.01) on Monday, hitting GBX 128 ($1.74). 414,657 shares of the company’s stock were exchanged, compared to its average volume of 366,006. The company has a market capitalization of $418.33 and a price-to-earnings ratio of -4,266.67. SOCO International has a fifty-two week low of GBX 97.75 ($1.33) and a fifty-two week high of GBX 161.77 ($2.19).

In other SOCO International news, insider Jann M. Brown purchased 7,625 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The shares were bought 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 purchased 8,070 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The shares were acquired at an average cost of GBX 107 ($1.45) per share, for a total transaction of £8,634.90 ($11,709.93).

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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.

Analyst Recommendations for SOCO International (LON:SIA)

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