SOCO International (LON:SIA) had its target price decreased by Peel Hunt from GBX 130 ($1.80) to GBX 120 ($1.66) in a research note released on Friday morning. Peel Hunt currently has a hold rating on the stock.
Separately, Jefferies Group reaffirmed a buy rating and issued a GBX 150 ($2.07) price target on shares of SOCO International in a report on Wednesday, December 20th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of GBX 128 ($1.77).
Shares of SOCO International (LON:SIA) opened at GBX 93.80 ($1.30) on Friday. SOCO International has a 1-year low of GBX 87.15 ($1.20) and a 1-year high of GBX 150 ($2.07). The firm has a market capitalization of $347.20 and a PE ratio of -3,126.67.
In other news, insider Mike J. Watts acquired 7,305 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The shares were bought at an average cost of GBX 118 ($1.63) per share, with a total value of £8,619.90 ($11,909.23). Also, insider Mike J. Watts acquired 8,830 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were purchased at an average cost of GBX 98 ($1.35) per share, for a total transaction of £8,653.40 ($11,955.51).
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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.
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