SOCO International plc (LON:SIA) insider Mike J. Watts purchased 8,830 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were acquired at an average price of GBX 98 ($1.35) per share, with a total value of £8,653.40 ($11,955.51).
Shares of SOCO International plc (LON:SIA) opened at GBX 97.40 ($1.35) on Wednesday. SOCO International plc has a one year low of GBX 87.15 ($1.20) and a one year high of GBX 150 ($2.07). The stock has a market cap of $323.32 and a price-to-earnings ratio of -3,246.67.
Several research firms have recently issued reports on SIA. Peel Hunt lowered shares of SOCO International to a “hold” rating and reduced their target price for the stock from GBX 145 ($2.00) to GBX 130 ($1.80) in a research note on Thursday, January 11th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a GBX 141 ($1.95) target price on shares of SOCO International in a research note on Tuesday, October 31st. Finally, Jefferies Group reiterated a “buy” rating and issued a GBX 150 ($2.07) target price on shares of SOCO International in a research note on Wednesday, December 20th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. SOCO International presently has a consensus rating of “Hold” and an average target price of GBX 132.50 ($1.83).
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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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