SOCO International (SIA) Receives “Hold” Rating from Numis Securities

SOCO International (LON:SIA)‘s stock had its “hold” rating reissued by equities research analysts at Numis Securities in a report released on Thursday, ThisIsMoney.Co.Uk reports.

Several other brokerages also recently weighed in on SIA. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 74 ($0.97) price target on shares of SOCO International in a report on Wednesday, March 6th. Peel Hunt reiterated an “add” rating on shares of SOCO International in a report on Thursday, February 14th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. SOCO International presently has an average rating of “Hold” and an average price target of GBX 113.20 ($1.48).

Shares of LON:SIA opened at GBX 63.50 ($0.83) on Thursday. SOCO International has a twelve month low of GBX 63.65 ($0.83) and a twelve month high of GBX 125 ($1.63). The company has a debt-to-equity ratio of 19.09, a quick ratio of 9.22 and a current ratio of 9.41. The company has a market capitalization of $253.74 million and a P/E ratio of 7.84.

In other news, insider Jann M. Brown acquired 12,755 shares of the company’s stock in a transaction dated Wednesday, February 27th. The shares were acquired at an average price of GBX 68 ($0.89) per share, with a total value of £8,673.40 ($11,333.33). Also, insider Mike J. Watts acquired 11,452 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were purchased at an average cost of GBX 75 ($0.98) per share, for a total transaction of £8,589 ($11,223.05). In the last quarter, insiders purchased 36,777 shares of company stock worth $2,593,570.

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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Analyst Recommendations for SOCO International (LON:SIA)

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