SOCO International (SIA) Given Buy Rating at Peel Hunt

SOCO International (LON:SIA)‘s stock had its “buy” rating restated by investment analysts at Peel Hunt in a research report issued to clients and investors on Wednesday, April 3rd, ThisIsMoney.Co.Uk reports.

A number of other equities research analysts also recently weighed in on the company. Jefferies Financial Group downgraded SOCO International to a “hold” rating and lowered their price target for the company from GBX 95 ($1.24) to GBX 74 ($0.97) in a report on Tuesday, January 15th. JPMorgan Chase & Co. restated a “neutral” rating on shares of SOCO International in a research note on Thursday, January 10th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. SOCO International has an average rating of “Hold” and an average target price of GBX 113.20 ($1.48).

Shares of LON SIA traded down GBX 0.40 ($0.01) during trading on Wednesday, reaching GBX 74.80 ($0.98). The stock had a trading volume of 289,334 shares, compared to its average volume of 256,776. SOCO International has a one year low of GBX 65.50 ($0.86) and a one year high of GBX 125 ($1.63). The company has a current ratio of 9.41, a quick ratio of 9.22 and a debt-to-equity ratio of 19.09. The company has a market capitalization of $295.18 million and a price-to-earnings ratio of 9.23.

In other news, insider Jann M. Brown acquired 12,570 shares of the business’s stock in a transaction dated Tuesday, March 26th. The stock was acquired at an average price of GBX 69 ($0.90) per share, for a total transaction of £8,673.30 ($11,333.20). Also, insider Jann M. Brown acquired 12,755 shares of the business’s stock in a transaction dated Wednesday, February 27th. The stock was purchased at an average price of GBX 68 ($0.89) per share, with a total value of £8,673.40 ($11,333.33).

SOCO International Company Profile

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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