SOCO International plc (LON:SIA) has been assigned an average recommendation of “Hold” from the six ratings firms that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is GBX 140 ($1.83).
SIA has been the subject of several research reports. Jefferies Financial Group reissued a “hold” rating and issued a GBX 74 ($0.97) price objective on shares of SOCO International in a research report on Wednesday, March 6th. Peel Hunt raised SOCO International to a “buy” rating in a research report on Monday, March 25th. Finally, Numis Securities reaffirmed a “hold” rating on shares of SOCO International in a research report on Thursday, May 16th.
Shares of SIA traded up GBX 0.50 ($0.01) during mid-day trading on Thursday, hitting GBX 66.60 ($0.87). The company’s stock had a trading volume of 137,863 shares, compared to its average volume of 256,776. SOCO International has a one year low of GBX 63.30 ($0.83) 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 stock has a market capitalization of $262.82 million and a price-to-earnings ratio of 8.22.
In other news, insider Jann M. Brown bought 12,755 shares of SOCO International stock in a transaction that occurred on Wednesday, February 27th. The stock was purchased at an average cost of GBX 68 ($0.89) per share, with a total value of £8,673.40 ($11,333.33). Also, insider Jann M. Brown bought 12,570 shares of SOCO International stock in a transaction that occurred on Tuesday, March 26th. The stock was purchased at an average cost of GBX 69 ($0.90) per share, with a total value of £8,673.30 ($11,333.20). Over the last ninety days, insiders purchased 36,777 shares of company stock valued at $2,593,570.
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.
Further Reading: The mechanics of the bid-ask spread in trading
Receive News & Ratings for SOCO International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SOCO International and related companies with MarketBeat.com's FREE daily email newsletter.